Author: Admin

Pakistan to Roll Out Advanced Metering Infrastructure in Five Power Discos

Admin
Pakistan-power

ISLAMABAD: The government is set to introduce Advanced Metering Infrastructure (AMI) across five electricity distribution companies (Discos) as part of a major effort to modernise Pakistan’s power distribution system and curb losses estimated at around $1 billion annually, sources close to the Managing Director of the Private Power and Infrastructure Board (PPIB) told Business Recorder. To support the initiative, the federal government has approached the World Bank (WB) to serve as Transaction Advisor for the project. Acknowledging the scale of challenges facing the power sector, the Managing Director of PPIB…

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K-P CM Directs Timely Completion of Provincial Transmission Line

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Sohail-Afridi

PESHAWAR: Chief Minister Muhammad Sohail Afridi has directed the Khyber-Pakhtunkhwa Transmission and Grid Station Company to ensure the timely and high-quality completion of the provincial government’s ongoing transmission line project, underscoring its importance for economic growth and energy self-reliance. Chairing a review meeting at the Chief Minister’s Secretariat on the Khyber-Pakhtunkhwa Transmission Line and Distribution Company, the chief minister said electricity generated from provincial power projects would be supplied to industries at affordable rates to promote industrialisation, economic stability and job creation. He also instructed officials to complete the feasibility…

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Venezuela’s Oil Industry Under Spotlight After US Military Action

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Oil-prodect

HOUSTON: Venezuela’s troubled oil industry has come sharply back into focus following dramatic developments in US–Venezuela relations, including a large-scale US military air strike and the reported capture of President Nicolás Maduro on Saturday, just a day after he said Caracas was open to negotiations with Washington on combating drug trafficking—an allegation for which US President Donald Trump has presented no evidence. The unfolding situation has renewed global attention on Venezuela’s vast but underperforming oil sector. The country holds the world’s largest proven oil reserves, estimated at 303 billion barrels…

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3 New Firms Apply for Gas Sale Licences as Existing Private Players Remain Largely Inactive

Admin
natural gas prices

ISLAMABAD: Despite nearly a dozen private firms holding licences to sell natural gas but remaining mostly non-operational, three new companies have applied to enter Pakistan’s gas market following recent policy reforms aimed at increasing private-sector participation. The Oil and Gas Regulatory Authority (Ogra) has formally admitted licence applications from Blue Gas (Pvt) Ltd, Essen Gas Marketing & Distribution Ltd, and Master Marketing International to undertake the regulated activity of natural gas sales. In their submissions, the applicants stated that they intend to utilise the existing pipeline infrastructure of the two…

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UN-ESCAP to Support Pakistan in Developing Energy Transition Investment Plan

Admin
Power genration

ISLAMABAD: The United Nations Economic and Social Commission for Asia and the Pacific (UN-ESCAP) will provide policy advisory and technical support on energy financing to assist Pakistan in developing its Energy Transition Investment Plan (ETIP), aimed at accelerating the country’s shift towards a sustainable and resilient energy future. At the request of the government, a UN-ESCAP scoping mission recently visited Pakistan and held consultations with relevant ministries and development partners to assess the country’s needs, challenges, and opportunities related to energy transition financing. According to UN-ESCAP, the mission helped identify…

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