Author: Admin

Wärtsilä Powers Up Pakistan’s Future: Strikes 12-Year Extension Deal with SNPC for Cutting-Edge Power Plants

Admin
Wartsila-Powers

In a high-voltage move, Finnish tech powerhouse Wärtsilä has sealed the deal for a 12-year extension on its Operation & Maintenance (O&M) agreement with Sindh Nooriabad Power Company (SNPC), a game-changing independent power producer (IPP) in Pakistan. The pact covers the SNPC 1 and 2 power plants in Sindh, showcasing a leap forward in sustainable energy solutions. Fueled by innovation, these plants boast five Wärtsilä 34SG gas engines and a steam turbine generator for engine heat recovery, churning out an impressive 100 MW combined. The agility of the Wärtsilä 34SG…

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Taxation dispute delays refinery upgrade deals under new policy

Admin
oil-refinery

KARACHI: The refining sector is struggling to finalize agreements with the government for upgrading their facilities to produce cleaner fuels under a new policy, as a dispute over taxation remains unresolved, sources told The News on Monday. As the deadline for the signing of agreements will expire on January 16, 2024, both sides have to resolve the issue of taxation escrow account. Under the policy, the release from the joint escrow account will be made on a pro rata basis, i.e. a maximum of 25 percent from the escrow account…

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Pakistan, Saudi Arabia eye Reko Diq deal at Riyadh mineral forum

Admin
Reko-Diq

Saudi Arabia is seeking to attract SR63.7bn worth of investment in mining industry by 2030 to help country capitalize on its wealth of mineral resources ISLAMABAD: Pakistan and Saudi Arabia are expected to make progress on a potential investment deal in the Reko Diq copper and gold project during a three-day mineral forum that began on Tuesday in Riyadh, an energy ministry official said. A high-level Pakistani delegation led by caretaker Energy Minister Muhammad Ali is attending the Future Minerals Forum (FMF), a platform to promote mineral value chains in…

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Category–III wind projects: NPCC asked to devise wheeling mechanism

Admin
k-electric

ISLAMABAD: An inter-organisation committee has directed National Power Control Centre (NPCC), the system operator, to formulate wheeling mechanism for evacuation of power from category –III wind projects, well informed sources told Business Recorder. The meeting was held in the office of Private Power and Infrastructure Board (PPIB) to discuss options for evacuating power from existing wind projects and Category-III wind projects through the K-Electric system and was attended by the officials of PPIB, K-Electric, CPPA-G, NTDCL and NPCC. The meeting decided that a quantum of approx. 250MW to 350MW from Category-III…

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PM says govt, KE to ensure smooth power supply to Karachi

Admin
Anwaarul-Haq

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar said on Monday that an uninterrupted power supply to Karachi will be ensured with mutual cooperation of the government and K-Electric. According to the Prime Minister’s Office, Kakar stated this while talking to a delegation of K-Electric led by Monis Abdullah Alvi, chief executive officer of Karachi Electric (KE) which met with the premier and thanked him for solving the long-standing problems of KE. The delegation thanked the Prime Minister for the Rs390 billion investment plan for K-Electric and approval of rates (tariff) for…

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