Month: December 2024

Construction of Pakistan’s Largest Nuclear Power Plant Begins Today

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Power-Plant

Islamabad – The construction of Pakistan’s largest nuclear power plant, provided by China, is set to commence today. The plant, located at Chashma, is expected to start producing 1,200 MW of nuclear electricity by 2030. A ceremonial First Concrete Pour (FCP) event for the Chashma Nuclear Power Plant Unit-5 (C-5) will take place today, with Federal Minister for Planning, Development, and Special Initiatives, Professor Ahsan Iqbal, serving as the chief guest. Distinguished Chinese and Pakistani officials will also be in attendance. Last year, Prime Minister Shehbaz Sharif participated as the…

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Chenab River: India’s Emerging Power Corridor

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Chenab-River

The Chenab River is rapidly transforming into India’s hydroelectric power corridor, with over 70 hydropower projects in various stages of development. The electricity generated from these projects is expected to surpass the combined output of Pakistan’s Mangla and Tarbela dams. India has already completed 11 dams on the Chenab River, including the Salal and Baglihar Dams. Recently, construction has begun on two new controversial hydropower projects—Keeru (624 MW) and Kwar (540 MW)—both of which violate provisions of the Indus Waters Treaty (IWT). Currently, 24 more dams are under construction on…

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SIFC Sets January 2025 Deadlines for Petroleum Division’s Bidding and Policy Updates

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SIFC-SSGC

ISLAMABAD: The Executive Committee (EC) of the Special Investment Facilitation Council (SIFC) has issued directives to the Petroleum Division to expedite the ongoing bidding processes and policy adjustments. Key timelines have been established to ensure streamlined operations and strategic advancements. Bidding Timelines and Marketing InitiativesThe Petroleum Division has been tasked with finalizing the ongoing bidding process by January 10, 2025. Advertisements for onshore and offshore bidding are to be released by January 15, 2025, and January 30, 2025, respectively. These efforts will be supported by robust marketing strategies, including roadshows.…

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Diesel Prices Likely to Rise as New Year Approaches

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Petrol-oil

ISLAMABAD: As the global oil market trends upward, the prices of high-speed diesel (HSD), kerosene, and light diesel oil (LDO) are expected to increase by approximately Rs4 to Rs5 per litre starting New Year’s Eve. This adjustment will apply for the first fortnight of 2025, according to informed sources. Conversely, petrol prices are projected to remain relatively stable, with a potential change of just Re1 per litre, depending on final calculations on December 31. Earlier in mid-December, the ex-depot price of HSD was reduced by Rs3.05 (1.18%) to Rs255.38 per…

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Minister for Power, Sardar Awais Ahmed Khan Leghari, Highlights Key Achievements in the Power Sector in the Last 9 Months in today’s Press Conference Electricity prices witnessed RS 11.33 per unit for industrial and Rs.4.66 per unit domestic decrease since June 2024Rs. 150 Billion eliminated in cross-subsidies for industrial sector Rs 55 billion earmarked for 27000 tubewells Agreemnets with IPPs results in Rs.411 billion national saving Bijli Sahulat Package with special tariff of Rs.26.07 per unit introduced

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power

Islamabad, Dec 28th, 2024 – The Minister for Power, Sardar Awais Ahmed Khan Leghari, presented a year-end review highlighting key achievements and ongoing initiatives aimed at transforming Pakistan’s power sector. Through innovative policies, substantial investments, and bold reforms, significant progress has been made towards ensuring energy sustainability, reducing electricity costs, and driving economic growth. The Minister stated, “The power sector has shown marked improvement in electricity prices. The average price of electricity has decreased to PKR 44.04 per unit from PKR 48.70 per unit in June 2024, marking a reduction…

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