Day: January 31, 2025

German Delegation Explores Investment in Sindh’s 350 MW Solar Hybrid and Thar Coal Projects

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Karachi: A delegation from Germany met with Sindh’s Minister for Energy, Development, and Planning, Syed Nasir Hussain Shah, to discuss various investment opportunities in the energy sector. The minister provided a detailed briefing on Sindh’s energy projects, emphasizing the province’s vast resources in solar and wind energy. He highlighted that the Sindh government is actively supporting investors, leading to a record increase in both local and foreign investments in the energy sector. He further stated that Sindh’s investor-friendly policies have strengthened confidence among investors. The minister informed the delegation that…

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OGDCL Commences Oil & Gas Production from Bettani-2 Appraisal Well in Lakki Marwat, KP

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ISLAMABAD, January 31, 2025: Oil and Gas Development Company Limited (OGDCL), Pakistan’s leading exploration and production company, has successfully commenced oil and gas production from the Bettani-2 appraisal well in the Lakki Marwat district of Khyber Pakhtunkhwa. OGDCL, as the operator of the Wali Exploration License with a 100% working interest, has completed and stimulated the Kawagarh formation. The well is currently producing 8.5 million standard cubic feet per day (MMSCFD) of gas and 610 barrels per day (BPD) of oil. The produced gas is being processed at OGDCL’s Bettani…

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Murad orders resolution of industrialist issues, orders formation of Facilitation & coordination committee with industrialist

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• CM orders removal of encroachments,• strengthen further one window facilityKARACHI (Jan 31): Sindh Chief Minister Syed Murad Ali Shah chaired two meetings to review the progress of the Dhabeji Special Economic Zone (SEZ) and committed to addressing the concerns of industrialists through a joint `Facilitation and Coordination Committee’ to be established under him [CM].The meetings took place at the CM House and were attended by Minister for Planning and Development Syed Nasir Shah, Minister ACE & Agriculture Mohammad Bux Maher, Minister Home Zia Lanjar, Minister Industries Jam Ikram, Chief…

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New Dams to Boost Water Reserves by 10 MAF in 4-5 Years: WAPDA Chief

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ISLAMABAD: Chairman of the Water and Power Development Authority (WAPDA), Lt. General Sajjad Ghani (Retd.), announced that the construction of new dams will add 10 million acre-feet (MAF) of water to Pakistan’s reserves within the next four to five years. Speaking at a National Assembly Standing Committee on Water Resources meeting, chaired by Khalid Hussain Magsi, Ghani emphasized that with these new projects, the country’s total water availability will increase from 13 MAF to 23 MAF per annum. He urged all provinces to prepare their canal infrastructure in advance to…

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Winter Incentive Package Boosts Power Consumption by 1.5% in December

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ISLAMABAD: The government’s three-month Winter Incentive Package led to a 1.5% increase in electricity consumption in December 2024, with an additional 226 million units consumed, including in K-Electric’s jurisdiction. This was revealed during a public hearing chaired by NEPRA Chairman Chaudhry Waseem Mukhtar on the Fuel Charges Adjustment (FCA) for December 2024. The Central Power Purchasing Agency-Guaranteed (CPPA-G) has proposed a negative adjustment of Rs 1.04 per unit, translating to a Rs 7.78 billion reduction in consumer costs. CPPA-G CEO Rihan Akhtar explained that the previously approved FCA of Rs…

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