Day: April 12, 2025

Experts Convene at German Wind Power Museum to Boost Global Collaboration on Wind Energy Archives

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wind-power

Bonn/Stemwede, 12 April (WWEA) – Experts in wind energy history gathered at the German Wind Power Museum in Stemwede, northern Germany, to explore ways to enhance international collaboration in preserving the global heritage of wind energy. The event, part of an ongoing initiative by the World Wind Energy Association (WWEA), focused on improving the archiving and sharing of wind energy records by linking existing archives and advising archive holders worldwide. A key partner in this effort is the UK-based Mills Archive Trust, which has amassed over three million items. The…

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Mari Energies Invests $250 Million in Waziristan Block, Unveils 7 Gas Discoveries

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New-Mari1

ISLAMABAD: MariEnergies, a leading exploration and production company in Pakistan, has invested $250 million in the Waziristan Block, resulting in seven significant gas discoveries, including two tight gas reserves. These discoveries are projected to save the country $300 million annually in foreign exchange, a senior company official revealed. The company’s latest success comes from the Spinwam-1 exploratory well, which has yielded four gas discoveries from different formations. One of these has already been brought into production, with the remaining expected to substantially reduce Pakistan’s reliance on imported fuel. Initially awarded…

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Pakistan Received No Concessional Oil in Past Five Years, NA Told

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petrol-oil

ISLAMABAD: Pakistan has not received oil on concessional rates or loan basis from any country over the past five years, the Petroleum Division confirmed in a report submitted to the National Assembly. The clarification came in a written response to a query by MNA Naveed Aamir, who asked for details of countries that had extended concessional oil to Pakistan during this period. The Petroleum Division categorically stated that no such arrangement had been made. In another reply, Minister for Petroleum Ali Pervaiz Malik informed the House that Pakistan currently imports…

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Dasu Hydropower Project Cost Surges to Rs1.7 Trillion Amid Delays, Mismanagement

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Dasu-Dam

ISLAMABAD: The cost of Pakistan’s Dasu Hydropower Project (Stage-I) has skyrocketed to a staggering Rs1.7 trillion ($6.2 billion), making it the country’s most expensive hydropower scheme to date. The Central Development Working Party (CDWP), chaired by Planning Minister Ahsan Iqbal, referred the revised proposal to the Executive Committee of the National Economic Council (ECNEC) for final approval—pending cost rationalisation and responses from WAPDA. Originally approved at Rs486 billion in 2014, the project’s cost has jumped by 240%, raising the per-megawatt cost from Rs236 million to Rs804 million. By comparison, the…

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Govt Cuts Circular Debt by Rs9bn in Six Months, Energy Ministry Tells National Assembly

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National-Assembly

ISLAMABAD: The Ministry of Energy informed the National Assembly on Friday that Pakistan’s circular debt has decreased by Rs9 billion in the first half of the current fiscal year, attributing the improvement to the government’s targeted reforms. In a written response to the House, the ministry reported that circular debt stood at Rs2,393 billion as of June 2024, and had reduced to Rs2,384 billion by December. It credited improved recovery rates from power distribution companies (Discos) and implementation of strategic reforms for the progress. As part of its 2025–2029 roadmap,…

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