Author: Admin

Lapses and Delays Stall Auction of Defunct Genco Power Plants

Admin
Power-Plants

ISLAMABAD: The government’s plan to auction obsolete public-sector power plants under Genco Holding Company Limited (GHCL) has hit major roadblocks, prompting a possible shift in strategy to hand over the plants to Wah Industries — an arm of the Ministry of Defence — through a government-to-government (G2G) arrangement. Sources revealed that while the first phase of auctions in March 2025 fetched bids worth Rs9.05 billion against a reserve price of Rs8.07 billion for seven plants, no proceeds have materialized in four months due to failure in securing binding contracts. The…

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Mari Energies to Acquire Stakes in Three Oil and Gas Blocks from Orient Petroleum

Admin
New-Mari

KARACHI: Mari Energies Ltd has entered into farm-out agreements with Orient Petroleum Inc (OPI) to acquire interests in three oil and gas blocks across Pakistan, marking a strategic expansion of its upstream portfolio. Under the agreements, Mari Energies will assume a 45% working interest and operatorship in the Marwat Block (Khyber Pakhtunkhwa) and the Harnai South Block (Balochistan). Additionally, the company will acquire a 20% non-operating working interest in the Ratana Development and Production Lease located in Punjab. The deal is subject to regulatory approvals, execution of assignment deeds with…

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Gandapur Seeks PM’s Support for Swift Resolution of Net Hydel Profit Dispute

Admin
CM-Gandapur

ISLAMABAD: Khyber Pakhtunkhwa Chief Minister Sardar Ali Amin Gandapur has appealed to Prime Minister Shehbaz Sharif to facilitate an “out-of-the-box” resolution to the long-standing Net Hydel Profit (NHP) issue, which remains unresolved between WAPDA and the provinces. In a letter to the Prime Minister, Gandapur invoked Article 161(2) of the Constitution, which guarantees net profits from hydroelectric power generation to the provinces. He highlighted that the Kazi Committee Methodology (KCM), endorsed by the Council of Common Interests (CCI) and upheld by the Supreme Court, has formed the legal and constitutional…

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EPQL Urges Power Division to Expedite Gas Supply Approval from Badar Field

Admin
Engro Powergen Qadirpu

ISLAMABAD: Engro Powergen Qadirpur Limited (EPQL) has called on the Power Division to fast-track the approval of a Supplementary Agreement (SA) that would enable the use of low-BTU indigenous gas from the Badar-1 gas field, aiming to boost electricity generation and reduce reliance on costly imported fuels. In a letter to the Power Division, EPQL CEO Adeel Qamar highlighted the company’s successful track record, operating a 225-MW power plant primarily on permeate gas from the Qadirpur field under a Power Purchase Agreement (PPA) with CPPA-G since March 2010. To date,…

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Federal Policies Stalling Sindh’s Energy Growth, Says CM Murad

Admin
CM-Murad

KARACHI: Sindh Chief Minister Syed Murad Ali Shah on Friday voiced strong concerns over federal government policies that he said are obstructing the province’s energy sector development, despite its vast potential to power the nation. Speaking at the Sindh Energy Diversity Conference, organized by Energy Update in collaboration with the Sindh Energy Department, Mr Shah described Sindh as Pakistan’s “energy basket,” rich in coal, natural gas, wind, and solar resources. Yet, he noted that federal policies continue to pose “major hurdles” to the province’s progress. He recalled past setbacks —…

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