Power consumers to brace for another surge in bills


DISCOs seek to recover staggering Rs81.5b via quarterly adjustments for second quarter FY2023-24 ISLAMABAD: Consumers of electricity in Pakistan are on the verge of another financial shock as Power Distribution Companies (DISCOs) seek approval from the National Electric Power Regulatory Authority (NEPRA) to recover a staggering Rs81.5 billion through quarterly adjustments for the second quarter of the financial year 2023-24…

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Petroleum Conference 2024 ends with call to explore further oil and gas reserves in Pakistan


Caretaker Prime Minister Anwaar-ul-Haq Kakar attended the Petroleum Conference 2024 as a Chief Guest today in Islamabad. Chief of Army Staff, General Syed Asim Munir, NI (M) was the guest of honour at the Conference. Provincial Chief Ministers, Minister for Energy, Secretary Petroleum, Government representatives, policy makers, foreign and domestic investors from the Energy and Petroleum (E&P) sector and international…

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World Future Energy Summit 2024 to Build on COP28’s Change Agenda and Help Realise Transformative Future

Annual summit in Abu Dhabi to accelerate COP28’s transition agreements and renewables pledge by bringing together industry leaders, policymakers, investment incubators, and world-class start-ups  Event in the UAE capital will play key role in furthering COP28 resolutions along the road to reality, says Summit Director. Dubai, UAE – January 30, 2024: The recent COP28 in Dubai underscored the UAE’s global…

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Pending requests: AGL urges Nepra to issue revised FCC


ISLAMABAD: Attock Gen Limited (AGL) has urged National Electric Power Regulatory Authority (NEPRA) to issue revised Fuel Cost Component (FCC) against all its pending requests. In a letter to Chairman NEPRA, the power generation company referred to its pervious correspondence on this matter, through AGL, which emphasized the importance of the statutory obligation of NEPRA imposed by the Legislature under…

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Third parties on commercial basis: CCI approves 25pc hike in sale price of gas


ISLAMABAD: A meeting of the Council of Common Interests (CCI) has approved increase in sale price of natural gas to third parties on commercial basis, ie, from 10 percent to 35 percent as well as necessary amendments to the Petroleum Policy 2012 and draft Tight Gas Exploration and Production Policy 2024. The 51st meeting of the CCI held under the…

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Resurrecting dead IP gas pipeline project


ISLAMABAD: Iranian Foreign Minister Hossein Amir Abdollahian on Monday presented a workable solution with regard to the completion of the Iran-Pakistan gas pipeline project with a proposal that the project can be financed by China and Russia if Islamabad is facing resistance because of the US sanctions on Tehran. The proposal was presented by the visiting Iranian foreign minister during…

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Pakistan Refinery to remain shut for over a month


KARACHI: Pakistan Refinery Limited (PRL) will remain shut from Tuesday (today) for 35 to 38 days due to maintenance and inspection turnaround, the company said on Monday in a stock filing. Last week, PRL announced doubling its crude oil refining capacity from 50,000 barrels per day (bpd) to 100,000 bpd aimed at eliminating the production of high sulphur fuel oil…

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WAPDA holds road show in Bangkok, seeks global partners for floating solar project


LAHORE: The Water & Power Development Authority (WAPDA) held a road show in Bangkok on Monday to attract international bidders for its 300 megawatt (MW) floating solar project, the first of its kind in the country. The project, which will use floating solar panels on two reservoirs in the Tarbela-Ghazi Barotha hydropower complex, aims to generate clean and low-cost electricity…

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Roadshow planned for solar plants


Environmental, social impact of floating solar plants has already been studied, declared by experts as manageable ISLAMABAD: Pakistan will hold a roadshow in Bangkok on January 29 to attract investment in floating solar plants of 300MW to be set up at the site of Tarbela-Barotha Complex. Under the project, Pakistan aims to develop two 150MW floating solar plants, the Pakistan…

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