KARACHI: The Board of Directors of Sui Southern Gas Company (SSGC) has decided that Imran Maniar will continue to serve as MD/CEO until his reappointment or the appointment of his successor by the Company Board. The SSGC board took this decision in terms of Section 187/3 of the Companies Act, 2017, the Companies sources said.
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ISLAMABAD: The Cabinet Committee on Energy (CCoE) has directed the Power Division to initiate separate case for engaging with remaining Independent Power Producers (IPPs), including those dealing with hydel power that did not sign the MoUs, official sources told Business Recorder. On January 26, 2024, the CCoE was informed that the Power Division moved a summary titled Implementation of Master Agreements and PPA amendments with Wind Power Producers (WPPs) of May 25, 2023. CCoE considered the summary and directed Power Division to chalk out a new strategy to continue engaging 14…
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ISLAMABAD: Chinese company M/s China Three Gorges South Asia Investment Ltd (CSAIL) has reportedly expressed serious concern over restrictions on movement of its employees working on 720 MW Karot hydropower project due to security threat, well-informed sources told Business Recorder. SCAIL, is an investment holding company formed by China Three Gorges Corporation, which is the world’s largest clean energy company with power generation capacity of over 140,000 MW. CSAIL is currently operating and developing six renewable energy projects in Pakistan, with total installed capacity of over 2,600 MW having more than…
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SINGAPORE: Oil prices rose in early trade on Friday following a decision by OPEC+ to keep its oil output policy unchanged, though benchmarks were headed for weekly losses amid unsubstantiated reports of a ceasefire between Israel and Hamas. Brent crude futures climbed 37 cents, or 0.5%, to $79.07 a barrel at 0415 GMT, while U.S. West Texas Intermediate crude futures gained 30 cents, or 0.4%, to $74.12 a barrel. On Thursday, two OPEC+ sources said the group has kept its oil output policy unchanged, and will decide in March whether…
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ISLAMABAD: The Central Development Working Party (CDWP) has cleared four development projects with a total cost of Rs138.66 billion. The CDWP approved one development project with a cost of Rs2 billion and recommended three projects valued atRs136.660 billion to the Executive Committee of the National Economic Council (ECNEC) for further consideration. The CDWP met with Deputy Chairman Planning Commission Mohammad Jehanzeb Khan in the chair at P-Block Secretariat on Thursday. CDWP clears four uplift projects worth Rs36.22bn Secretary Planning Awais Manzur Sumra, senior officials from the Planning Commission and federal…
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