Author: Admin

Spinwam-1 Production Begins, Strengthening Pakistan’s Energy Security

Admin
Mari-Petroleum

ISLAMABAD: In a significant development for Pakistan’s energy sector, the Waziristan Joint Venture (WJV), operated by Mari Energies Limited, has officially commenced production from the Spinwam-1 exploratory well located in the Waziristan Block, Khyber Pakhtunkhwa. The inauguration ceremony was held at the Mari Energies Head Office and attended by Federal Minister for Petroleum Ali Pervaiz Malik, who lauded the joint venture’s technical expertise and operational excellence. He emphasized that discoveries like Spinwam-1 play a critical role in enhancing Pakistan’s energy security, reducing reliance on imported fuels, and supporting sustainable economic…

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PSA Proposes 130% MRP-Based Taxation to Streamline Solar Sector and Boost Revenue

Admin
New-Solar1

ISLAMABAD: The Pakistan Solar Association (PSA) has proposed a shift to a 130% Maximum Retail Price (MRP)-based valuation for solar panels and inverters, aiming to simplify taxation, curb the grey market, and enhance government revenue collection. In a formal submission to the Power Division and the Federal Board of Revenue (FBR), the association highlighted anomalies in the current tax structure under the Finance Act 2026, where solar panels are subject to 10% General Sales Tax (GST) and inverters to 18%. According to PSA, this differential, multi-stage taxation has led to…

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Rooftop Solar Boom Saves Pakistan $12bn in LNG Imports, Study Finds

Admin
solar-Project

ISLAMABAD: Pakistan’s rapid expansion of rooftop solar has delivered a significant economic boost, saving an estimated $12 billion in liquefied natural gas (LNG) imports in recent years, according to a report by UK-based energy think tank Ember. The report highlights a sharp surge in solar generation, which jumped from 7.7 terawatt-hours (TWh) in 2022 to 36.6 TWh in 2025—an average annual growth rate of around 68%. Solar power now stands alongside hydropower and gas as one of Pakistan’s largest sources of electricity generation. As solar adoption accelerated, gas-based generation declined…

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LESCO Accelerates Smart Meter Rollout to Modernise Power Distribution

Admin
New-LESCO

LAHORE: Lahore Electric Supply Company (LESCO) has stepped up efforts to modernise its electricity distribution system by initiating the rollout of Advanced Metering Infrastructure (AMI) smart meters, aiming to enhance transparency, efficiency, and consumer service. According to officials, traditional static meters are being gradually replaced with single-phase AMI smart meters, priced at Rs11,665 per unit. While conventional meters procured during FY2024–25 cost around Rs4,500, authorities emphasised that a direct comparison is not appropriate due to the advanced features and capabilities offered by AMI technology. Previously, consumers had to purchase smart…

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Mari Energies Launches Innovative Project to Convert Emissions into LNG

Admin
Mari energies

ISLAMABAD: Mari Energies Limited has entered into a strategic partnership with Ghani Chemical Industries Limited (GCIL) to develop a cutting-edge project aimed at converting waste gas emissions into valuable commercial products, including liquefied natural gas (LNG) and carbon dioxide. The initiative, disclosed to the Pakistan Stock Exchange (PSX), involves the formation of a special purpose vehicle named GHG Emissions Mitigation Limited (GEM). The project will focus on reducing methane emissions at the Sachal Gas Processing Complex (SGPC) by recovering hydrocarbons from exhaust gases and converting them into LNG, along with…

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