Year: 2023

Jhal Magsi Gas project revived

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Gas-project

KARACHI: The Oil and Gas Development Company Limited (OGDCL) has revived Jhal Magsi Gas project to increase energy production, a statement said on Monday. The gas processing plant, with a daily capacity to produce 13.7 mmscf process gas and 45 bbl/day condensate, will help mitigate escalating energy needs of the country. “The installation of this plant is a testament to OGDCL’s commitment to furthering the exploration and production of oil and gas resources in the region,” OGDCL said in its statement. Besides the commercial operations, the company has underscored its…

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PCJCCI calls for solar projects

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solar-projects

LAHORE: Average utilisation rate of the operational solar photovoltaic (PV) plants is merely 19 percent in Pakistan, far from over 95 percent utilisation rate in China, the country that contributes nearly 87 percent of the total foreign investment in solar PV plants in Pakistan, a statement said on Monday. It was shared during a Chinese delegation’s visit to Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) to discuss importance and need of advancement in solar projects. One of the representatives of the delegation shared that the average utilisation rate…

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660 kV HVDC Matiari-Lahore Transmission Line CPEC project commemorate ceremony to take place today

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CPEC-project

Islamabad-The ceremony to commemorate the energisation of the ±660 kV HVDC Matiari-Lahore Transmission Line CPEC project will take place today (Monday) at the HVDC Converter Station in Balloki and Khurram Dastgir Khan, the Federal Minister for Energy (Power Division) will be the chief guest at the event. This ceremony is part of the decade of CPEC celebrations. Pakistan’s first ±660 kV HVDC Matiari-Lahore Transmission Line Project evacuates power from coal power plants located at Port Qasim, Hub and Thar. The project includes approximately 886-km of HVDC ±660 kV transmission line,…

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Hike in gas, power tariff inevitable ahead of IMF board meeting

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IMF-board

ISLAMABAD: Pakistan will have to notify an increase in gas sale price by 45-50 percent and electricity base tariff by Rs3.50 to over Rs4 per unit for the FY2023-24 prior to the IMF Executive Board’s meeting, which is due on July 12. The increase in energy prices will pave the way for the $3 billion programme under the Stand-By Arrangement (SBA) agreed with the IMF at the staff level, a senior official of the energy ministry told The News. “The Oil and Gas Regulatory Authority (Ogra) on June 2 announced…

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OGDCL Enhances Energy Production with renewed focus on Community Development in District Jhal Magsi

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Energy-Production

Islamabad – In a significant move towards meeting the country’s growing energy demands, Oil and Gas Development Company Limited (OGDCL), the leading exploration and production company in Pakistan, has revived Jhal Magsi Gas project. The state-of-the-art gas processing plant, with a daily capacity to produce 13.7 MMSCF process gas and 45 BBL/day condensate, will mitigate escalating energy needs of Pakistan. The installation of this plant is a testament to OGDCL’s commitment to furthering the exploration and production of oil and gas resources in the region.Besides the commercial operations, the company…

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