Month: July 2024

KP to Generate Rs90bn from Oil and Gas Sectors in FY 2024-25

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oil price

PESHAWAR: The provincial government of Khyber Pakhtunkhwa (KP) is set to earn Rs.89.8 billion in revenue from the oil and gas sectors during the fiscal year 2024-25, a significant increase from Rs.42.8 billion in the previous year, according to the White Paper on the annual provincial budget. The revenue will be paid by the federal government under various heads, including Royalty on Oil and Gas, Gas Development Surcharge, Excise Duty on Natural Gas, and Windfall Levy. KP is expected to receive Rs.26.2 billion in royalties on crude oil and natural…

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KP to Solarize 100 Schools and 3,050 Mosques

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Solar-Power

PESHAWAR: The Khyber Pakhtunkhwa (KP) government has initiated several solar energy projects to address electricity issues in the merged tribal districts, with some projects already successfully completed. To date, 900 mosques and places of worship in these districts have been converted to solar energy, generating 1.73 MW of electricity daily and saving millions of rupees monthly. In the current year, the KP government plans to shift 1,100 schools and 3,050 mosques in the Khyber district to solar energy. Additionally, business centers will be connected to solar mini-grids. Haji Iqbal Afridi,…

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Iraq Begins Importing Electricity from Turkey

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iraq-turkey

BAGHDAD: Iraq announced on Sunday the launch of a new power line to import electricity from Turkey, aiming to alleviate chronic power outages by diversifying its energy sources. The 115-kilometre (71-mile) line connects to the Kisik power plant west of Mosul, providing 300 megawatts of electricity to the northern provinces of Nineveh, Salah al-Din, and Kirkuk, according to a statement from the prime minister’s office. Prime Minister Mohamed Shia al-Sudani described the new line as a “strategic” step toward linking Iraq with neighboring countries. “The line started operating today,” confirmed…

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IPPs – Capacity payments issue is overplayed

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IPP-CAPACITY-PAYMENTS

The capacity payments these days are talk of the town and our criticism has been grossly misplaced when it comes to huge electricity bills, and who the real culprits are.Further, he likes of some of our ex-CT ministers, do not understand how power or energy sector works. Commenting and criticizing are easy, while not seeing where the problem is and what solutions can be offered for a better outcome.

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CM Sindh wants 28 KMC AC -CNG buses to be renovated, put on city routes

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New-Project

KARACHI (July 20): Sindh Chief Minister Syed Murad Ali Shah presiding over a meeting directed Mayor Karachi to work out a proposal to add 28-air conditioned CNG buses of KMC to the Peoples Bus Service fleet so that they could be put on any existing or new routes in the city. The meeting was attended by Minister of Local Government Saeed Ghani, Mayor Karachi Murtaza Wahab, PSCM Agha Wasif, Secretary Local Govt Khalid Hyder Shah, Secretary Finance Fayaz Jatoi and Municipal Commissioner KMC Afzal Zaidi. Mayor Karachi Murtaza Wahab briefing…

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