Month: February 2024

ECC Delays Decision on Recovering Rs100bn from Gas Consumers

Admin
gas-supply

The Economic Coordination Committee (ECC) of the Cabinet, chaired by caretaker Finance Minister Dr. Shamshad Akhtar, faced a deadlock in determining how to retrieve an additional Rs100 billion from gas consumers over the remaining months of the fiscal year. This decision was made during a meeting where an already allocated subsidy package of Rs7.5 billion for the upcoming Ramazan was approved. The ECC deliberated on a Petroleum Division’s summary proposing an increase in gas rates ranging from Rs70 to Rs300 per unit (mmBtu) for various consumer categories, including residential users.…

Read More

JJVL Urges Deregulation in Proposed LPG Policy for Enhanced Competition and Investment

Admin
LPG-Air-Mix-Plant

In a bid to revolutionize the Liquefied Petroleum Gas (LPG) sector, Jamshoro Joint Venture Limited (JJVL) has advocated for the deregulation of base-stock prices of local and imported LPG in the forthcoming LPG Policy. This move aims to empower market dynamics to dictate pricing, fostering healthy competition and encouraging investment in the sector, according to JJVL. Under this proposed policy, JJVL proposes granting producers and importers the autonomy to determine prices in accordance with prevailing market conditions. This, they argue, would pave the way for fair competition, a feature that…

Read More

Pakistan Petroleum Limited Successfully Tests Gas Well in Adam D&PL Area, Boosting Energy Sector Amid Crisis

Admin
PPL-achieves

Pakistan Petroleum Limited (PPL) announced on Tuesday the successful drilling and testing of a gas well in the Adam D&PL Area, located in the Hala Block of Sindh province. The company disclosed this development in a notice to the Pakistan Stock Exchange (PSX). Operating with a 65 percent stake in the block, PPL described the Adam-2 well as a challenging endeavor fraught with risks and uncertainties. The well was drilled to a depth of 3,421 meters and tested to produce approximately 6 million standard cubic feet per day (MMSCFD) of…

Read More

WAPDA to divert Swat River at Mohmand Dam Project in April

Admin
Mohmand-Dam

Chairman Sajjad Ghani directs for deployment of additional resources to expedite work PESHAWAR: The Water and Power Development Authority (Wapda) is going to divert Swat river at the under-construction Mohmand Dam in April this year, as the diversion system of the project is steadily heading towards completion in accordance with the timelines. Wapda Chairman Engr Lt-Gen (retd) Sajjad Ghani on Tuesday visited the Mohmand Dam, being constructed over Swat river in Mohmand district of Khyber-Pakhtunkhwa and inspected the spillway, diversion tunnels and the power house at the construction sites. At…

Read More

SIFC Collaborates with Scatec to Install 150MW Solar Power Plant in Sukkur

Admin
SOLAR-POWER

In a strategic move towards sustainable energy solutions, the Special Investment Facilitation Council (SIFC) has joined forces with solar company Scatec to establish a 150 megawatts solar power plant in Sukkur. The initiative aims to bolster the region’s energy infrastructure, ensuring uninterrupted power supply for local residents. This public-private partnership underscores a commitment to clean energy generation and combating global climate change. The inauguration of the solar plant marks a significant milestone in Sukkur’s journey towards a greener and more sustainable future.

Read More