Author: Admin

Pakistan’s Energy Decisions Driven by National Interest, says Foreign Office In Islamabad,

Admin
Foreign-Affairs

the Foreign Office reaffirmed Pakistan’s prioritization of national interest in making decisions regarding its energy needs. Spokeswoman Mumtaz Zahra Baloch emphasized that Pakistan’s energy requirements play a crucial role in driving its economy, guiding its stance on international relations, including potential sanctions and trade dynamics in the energy sector. Addressing queries about the Pakistan-Iran Gas Pipeline Project and trade agreements, Baloch highlighted ongoing discussions and cooperation in the energy domain between Pakistan and Iran. She emphasized the importance of balancing relations with different countries, including the United States and Iran,…

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Power Division Expresses Concerns Over Solarisation’s Impact on National Grid

Admin
solar-panel

The Power Division in Islamabad has voiced apprehensions regarding the growing trend of solarisation, especially in the context of net-metering, stating that it is straining the national power system. The division has urged the government to consider implementing a new time-of-use (TOU) tariff for consumers to address these challenges. During a recent Nepra public hearing on additional fuel charges adjustments, officials highlighted a notable 7.5% decline in electricity demand compared to reference targets for March. This decline, attributed partly to solar energy integration, has led to a shift in demand…

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OCAC Issues Dire Warning: Diesel Glut Threatens Oil Sector’s Sustainability

Admin
OGRA

The Oil Companies Advisory Council (OCAC) has issued a stark warning about the oil sector’s sustainability crisis, citing massive stocks of high-speed diesel (HSD) that could hinder refineries’ ability to import crude oil. In a letter to the Oil & Gas Regulatory Authority (OGRA), OCAC highlighted the critical challenges posed by excessively high HSD stocks, primarily due to rampant smuggling of petroleum products from western borders. According to OCAC, the country currently holds 44 days’ worth of HSD stock, totaling 650,000 tonnes, far exceeding the planned sales of 14,700 tonnes…

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Pakistan Wind Energy Association Raises Alarm Over Continuous Power Curtailment

Admin
wind-energy

The Pakistan Wind Energy Association (PakWEA) has sounded the alarm over persistent power curtailment affecting Wind Power Producers (WPPs), leading to financial strain and project viability concerns. PakWEA has urgently requested attention from federal authorities to address the ongoing curtailment issues that threaten the financial sustainability of WPP projects. In a letter to the Power Minister, PakWEA highlighted that the excessive curtailment has put WPP members in a precarious position, jeopardizing their ability to meet debt obligations and maintain project viability. This situation is particularly concerning as many WPPs have…

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Ahsan Zafar Syed Appointed as President and CEO of Engro Corporation

Admin
Ahsan-Zafar

Engro Corporation proudly announces the appointment of Mr. Ahsan Zafar Syed as its 5th President and CEO, marking a new era of leadership for the company. Mr. Syed, who joined Engro in 1991 as a young engineer, brings over three decades of invaluable experience in operations, project management, and strategic leadership across multiple sectors. During his tenure, Mr. Syed has been instrumental in achieving significant milestones for Engro. Noteworthy among his achievements is the successful execution of the $1.1 billion fertilizer expansion project, showcasing his strategic acumen and operational excellence.…

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