Month: January 2024

Sale of natural gas: Ogra grants licence to SSGC’s subsidiary

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gas-prices

KARACHI: The Oil and Gas Regulatory Authority (OGRA) has granted a licence to SSGC Alternate Energy (Private) Limited (SSGC-AE) to undertake the regulated activity of the sale of natural gas/RLNG to its customers in accordance with the terms and conditions given in the licence. SSGC announces 48-hour gas holiday for all industries The SSGC Alternate Energy (Private) Limited is a wholly-owned subsidiary of Sui Southern Gas Company (SSGC), material information sent to Pakistan Stock Exchange on Wednesday said.

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Getting power from Cat–III wind projects: KE links setting up of infrastructure to Nepra’s nod

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circular-debt-K-electric-ceo

ISLAMABAD: K-Electric (KE) has reportedly linked establishment of infrastructure of power evacuation from category–III wind projects with approval of investment plan from National Electric Power Regulatory Authority (Nepra), well informed sources told Business Recorder. KE’s Chief Strategy Officer Shahab Qader Khan in a letter to Director Wind/ Solar/ Thermal PPIB, stated that the power utility company is actively pursuing the integration of renewable generation into its network, showcasing its commitment to leveraging renewable energy sources and reducing dependence on imported fuels. According to him, KE has already expressed its interest in…

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Solar PV projects under G2G mode: PM allows PD to seek approval of summary from Cabinet

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solar-energy

ISLAMABAD: Caretaker Prime Minister Anwar-ul-Haq Kakar has allowed Power Division to seek approval of a summary on draft G2G framework agreements with Saudi Arabia, United Arab Emirates (UAE), Qatar and Kuwait, etc, from the federal cabinet through circulation, well-informed sources told Business Recorder. Sharing the details, sources said the cabinet on October 18, 2022 approved several interventions under the Framework Guidelines for Fast-Track Solar PV Initiatives 2022 for fast-track deployment of solar PV projects including, inter alia, substitution of expensive imported fossil fuels with solar PV Energy Initiative. Under this initiative,…

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Energy sector: Major step taken towards reducing circular debt

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Power-generation

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar directed the Ministry of Energy to prepare and submit a comprehensive and sustainable plan after consultation with the Finance Ministry to reduce the circular debt of power and gas sectors. The caretaker prime minister directed this during a review meeting he presided over on the action plan to reduce the circular debt in the energy sector. He stated that soon after coming into government, the caretakers have taken steps to restore the economy on a priority basis. He further stated that the caretaker government…

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Ready to upgrade CPEC, says Beijing

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CPEC-likely

BEIJING / ISLAMABAD: China has said it is ready to work with Pakistan to upgrade the China-Pakistan Economic Corri­dor (CPEC) and accelerate the building of an even closer China-Pakistan community with a shared future in the new era. Separately, caretaker Prime Minister Anwaarul Haq Kakar said after having achieved the first phase of CPEC, Pakistan is benefiting from its early harvest projects while remaining engaged with China to execute the next phase. Chinese foreign ministry’s spokesperson Wang Wenbin while answering a question during a briefing on Wednesday said, “China stands…

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