Day: January 18, 2025

OGRA Holds Meeting with LPG Bowzers and Storage Tanks Manufacturers to Strengthen Safety Standards

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New-Project

Lahore, January 18, 2025: A high-level meeting with Liquefied Petroleum Gas (LPG) bowzers, storage tanks, and bullet manufacturers was convened today at the Regional Office of the Oil and Gas Regulatory Authority (OGRA) in Lahore. The meeting was chaired by Mr. Zain Ul Abideen, Member Oil, OGRA, and attended by senior directors and officers from the LPG and Enforcement departments. During the meeting, the authorized manufacturers of LPG bowzers were directed to ensure compliance with critical safety standards, emphasizing that no LPG bowzer should be manufactured with a capacity exceeding…

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Pakistan Ends Sui Gas Companies’ Monopoly, Opens Sector to Private Players

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Gas-Prices

Islamabad, January 18, 2025 – The longstanding monopoly of Sui gas companies in the purchase and sale of gas has officially ended as the Petroleum Division notified the implementation framework for third-party gas sales. This landmark move, endorsed by the Executive Committee of the National Economic Council (ECNEC), allows private companies to purchase up to 100 mmcfd of gas annually, with a cap to be reviewed yearly. The decision stems from amendments to the 2012 Exploration and Production (E&P) Policy, approved by the Council of Common Interests (CCI) on January…

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Nuclear Power Dominates Pakistan’s Grid with Low-Cost Energy Contribution

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Nuclear-Power

Islamabad, January 18, 2025 – Nuclear power emerged as Pakistan’s top electricity source in December 2024, contributing over 26% to the national grid at an exceptionally low cost of just over half a US cent per unit. This milestone highlights the growing role of nuclear energy in the country’s shift towards cleaner and more affordable power generation. In December, nuclear energy supplied 2,065 gigawatt-hours (GWh), accounting for 26.48% of the total electricity output. Hydropower followed at 22.8%, with RLNG-based power contributing 20.7%. Despite the rising costs of fossil fuel sources…

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World Bank Mission to Assess Delays in Dasu Hydropower Project Progress

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Dasu-Dam

Islamabad, January 18, 2025 – The World Bank will conduct an Implementation Support and Progress Review Mission for the Dasu Hydropower Project (DHP) Stage 1 from February 10 to March 5, 2025. The mission will evaluate the project’s progress and address implementation challenges. The 242-meter (794 ft) tall dam, designed to support a 4,320 MW hydropower station, is being constructed in two 2,160 MW stages. The project is scheduled to begin power generation in July 2027. However, progress has slowed significantly, with delays linked to restrictions on international workers’ transportation…

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ECC Approves Annual Electricity Tariff Rebasing from January 1

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power-sector

Islamabad – The Economic Coordination Committee (ECC) of the Cabinet has approved a policy shift in electricity tariff rebasing, setting January 1 as the annual implementation date instead of July. The decision aims to mitigate public dissatisfaction caused by simultaneous tariff adjustments during peak summer months. The meeting, chaired by Finance Minister Senator Muhammad Aurangzeb, approved policy guidelines for the Power Division to amend the regulatory framework, enabling the new rebasing timeline. This change is expected to ease the burden on consumers already dealing with high Fuel Charges Adjustments (FCAs)…

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