Author: Admin

E&P companies will be investing over USD 33.3 million in three years in eight blocks

Admin
New-OGDCL

Government of Pakistan on 24th January, 2024 in Prime Minister’s Secretariate, Islamabad, executed Petroleum Concession Agreements (PCAs) and Exploration Licences (ELs) over block no. Kotra East (2867-8), Murradi (2767-7), Sehwan (2667-19) and Zindan-II (3271-9) with Oil & Gas Development Company Limited (OGDCL), Multanai (3168-3) with Pakistan Oilfields Limited (POL), Sawan South (2668-26) with United Energy Pakistan Limited (UEP) – a Chinese Exploration & Production Company, Gambat-II (2668-25) with Joint Venture of Pakistan Petroleum Limited (Operator) and OGDCL and Saruna West (2666-1) with Joint Venture of POL (Operator), PPL and OGDCL.Signing…

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KE, HUBCO sign MoU for Thar coal power

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KE-HUBCO

KARACHI: K-Electric Ltd (KE) and Hub Power Company Ltd (HUBCO) signed a memorandum of understanding (MoU) on Tuesday to explore the opportunity for off-take of electricity from HUBCO’s Hub plant after its conversion to local Thar coal. The MoU was signed by KE’s chief executive officer Moonis Abdullah Alvi and HUBCO’s chief executive officer Kamran , a statement said. “This is in line with KE’s long-term strategy to induct power generation from indigenous sources into its energy mix. In this regard, the company is exploring the viability of Thar coal-based…

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Hydropower project: PPIB conveys revised COD to NTDC

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dam-hydro

ISLAMABAD: The Private Power and Infrastructure Board (PPIB) has reportedly communicated revised Commercial Operation Date (COD) of 640 MW Mahl hydropower project to National Transmission and Despatch Company (NTDC), well-informed sources told Business Recorder. The project is located on River Jhelum at the boundary between AJ&K, Punjab and Khyber Pakhtunkhwa, and is being developed by Mahl Power Company (Pvt) Limited under the provisions of Policy for Power Generation Projects 2002. China Three Gorges South Asia Investment Ltd (CSAIL) is the main sponsor of the Project Company. Hydropower, transmission: Major projects face…

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PMUs in Discos: Cabinet throws PD’s plan into trash bin

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Power-generation

ISLAMABAD: The Federal Cabinet has reportedly thrown Power Division’s plan of Performance Monitoring Units (PMUs) in Discos (Distribution Companies) into the dustbin saying that blocking passports, CNICs and stopping foreign travel were diversions from real sustainable solutions, well-informed sources told Business Recorder. Sharing the details, the sources said, Power Division apprised the Cabinet in its last meeting that after the unbundling of WAPDA, the power distribution business had been entrusted to ten Distribution Companies (excluding Karachi, which was being served by a private company), and that ever since then the appointment…

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Govt decides to execute mega gas projects

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TAPI-gas

These include IP and TAPI pipelines to meet future consumer demand ISLAMABAD: The top leadership has decided to press ahead with all mega gas projects including the Iran-Pakistan (IP) pipeline to meet the growing consumer demand in future. Sources told The Express Tribune that the Petroleum Division had conducted a study on the requirement and future demand for gas projects. The detailed study had been commissioned to define the current and projected supply of gas from domestic and external resources like imported liquefied petroleum gas (LPG), liquefied natural gas (LNG),…

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