Month: November 2024

Hydropower potential vs reality

Admin
Hydropower

Pakistan’s total hydropower potential is estimated at 59,796MW gross, with about 41,045MW considered both technically and economically viable. However, despite this significant potential, only a fraction has been developed, with the current hydropower generation capacity at 10,635MW connected to the national grid. This includes 9,389MW managed by Wapda in the public sector, and 1,246 MW developed by Independent Power Producers (IPPs) in the private sector. Hydropower thus contributes approximately 24 per cent of Pakistan’s total installed power generation capacity of 43,835MW, representing a crucial yet underutilised resource within the country’s…

Read More

Oil falls $2 on possible Mid-East peace deal

Admin
Oil price

HOUSTON: Oil prices fell more $2 on Monday after multiple reports that Israel and Lebanon had agreed to the terms of a deal to end the Israel-Hezbollah conflict, citing unnamed senior U.S. officials. Brent crude futures were down $2.02, or 2.69%, at $73.15 a barrel by 9:57 a.m. CST (1557 GMT), while U.S. West Texas Intermediate crude futures were down $2.08, or 2.92%, at $69.16 a barrel. Israel said on Monday that it is moving toward a ceasefire in the war with Hezbollah but there are still issues to address,…

Read More

Marble City reflects Sindh govt’s commitment to sustainable industrial uplift, economic growth, job creation, says Murad ShahConcession agreement signed for Marble City Karachi

Admin
Murad-Ali-1

KARACHI (Nov 25): Sindh Chief Minister Syed Murad Ali Shah has said that Marble City Karachi reflects the Sindh government’s commitment to sustainable industrial development, economic growth, and job creation, signalling a brighter future for the province’s marble and granite sector. This he said while presiding over a joint meeting of Sindh Investment Dept, its subsidiary organisation – Sindh Economic Zones Management Company (SEZMC) and private partners – Kainatt Enterprises & Hassan Constructions. The meeting and signing ceremony were held at CM House and were attended by CM Special Assistant…

Read More

E&P Companies Suffer Over Rs50 Billion Loss Due to Reduced Gas Outflows

Admin
Gas-Project

ISLAMABAD: Pakistan’s Exploration and Production (E&P) companies, including OGDCL, Mari Petroleum, PPL, and MOL, incurred losses exceeding Rs50 billion from 2021 to 2024 due to curtailed gas outflows by gas companies attempting to manage line pack pressure in the national transmission system. A senior Energy Ministry official highlighted that reducing gas outflows, particularly from wells nearing depletion, poses significant risks. Such reductions can cause irreversible damage to these wells, necessitating costly artificial lift methods to resume production. Several wells have already suffered extensive damage and failed to recover their original…

Read More

PM Approves Gas Sale Mechanism Proposed by Dar-Led Task Force

Admin
OGRA-GAS

ISLAMABAD: Prime Minister Shehbaz Sharif on Sunday endorsed the implementation framework approved by Deputy PM Ishaq Dar’s 20-member task force on November 18, which allows Exploration and Production (E&P) companies to auction and sell 35% of gas from future wells to the private sector. The Council of Common Interests (CCI) had given its nod to the amended E&P policy and mechanism on January 26, 2024. The framework is now set to be presented to the Executive Committee of the National Economic Council (Ecnec) on Monday for final approval, a step…

Read More