Month: February 2025

KAPCO’s power plant to remain in system till 2027

Admin
Power-Plants

Pakistan’s power producer Kot Addu Power Company Limited (KAPCO) on Tuesday informed that the National Electric Power Regulatory Authority (NEPRA) has approved the inclusion of its power plant in the Power Acquisition Plan (2023-2027) for distribution companies. The IPP disclosed the development in its notice to the Pakistan Stock Exchange (PSX). KAPCO stated that progress has been made on the renewal of the company’s Power Purchase Agreement (PPA) following negotiations with the National Task Force on Implementation of Structural Reforms (Power Sector). “Due to system requirements, the NEPRA has already…

Read More

Mari energies announces major gas and condensate discovery in Waziristan block

Admin
Mari energies

Mari Energies Limited, a key player in Pakistan’s energy exploration sector, has announced a significant gas and condensate discovery at the Spinwam-1 exploratory well in the Waziristan Block, located in North Waziristan District, Khyber Pakhtunkhwa Province. This discovery marks a major breakthrough in the region’s hydrocarbon potential and could bolster Pakistan’s efforts to reduce its energy deficit. Spinwam-1, the second exploratory well in the Waziristan Block, was spudded on May 28, 2024, and drilled to a total depth of 4,400 meters. Initial testing of the Samanasuk Formation has yielded promising…

Read More

Solar energy in Pakistan: A boon or burden

Admin
solar energy

Over the past decade, solar energy has transformed from a niche alternative to a mainstream energy source in Pakistan. With an estimated 22 gigawatts of solar panels imported in 2024 alone, Pakistan has emerged as one of the most promising solar markets in the Asia-Pacific region. The rapid adoption of rooftop solar, declining costs, and favorable sunlight conditions have propelled the country toward renewable energy. However, the transition has also triggered significant challenges for the national grid and policymakers, raising critical questions about the sustainability of this shift. The soaring…

Read More

Pakistan hesitant on IMF’s proposed carbon levy for clean energy transition

Admin
pak-imf

ISLAMABAD: On Monday, Pakistan showed reluctance towards imposing a carbon levy, a key proposal put forward by the International Monetary Fund (IMF). The IMF has suggested this tax as part of its conditions for a $1 billion loan under the Resilience and Sustainable Facility (RSF), aimed at supporting climate-vulnerable nations in disaster preparedness and energy transition. During the opening discussions to finalize the RSF, which focuses on disaster resilience, government officials expressed concerns about the potential negative impact of the levy on business growth. The IMF team is in Pakistan…

Read More

Waziristan Block- Discovery at Spinwam Well

Admin
New-Mari1

By the grace of Almighty Allah, Mari Energies Limited (formerly Mari Petroleum Company Limited) is pleased to announce gas discovery resulting from its exploratory efforts at Spinwam-1 exploration well, drilled in Waziristan Block, located in North Waziristan district, KPK Province. Mari Energies is the Operator of Waziristan Block having 55% working interest along with OGDCL and OPI as joint venture partners having 35% and 10% working interest respectively. The joint venture has successfully drilled the second exploration well, Spinwam-1, in the Waziristan Block. The well was spudded on May 28,…

Read More