Author: Admin

OGDCL Restores Oil Production at Rajian-11, Boosting Output to 1,000 BPD

Admin

ISLAMABAD: Oil & Gas Development Company Limited (OGDCL), Pakistan’s leading exploration and production (E&P) firm, has successfully revived hydrocarbon production at Rajian-11, a heavy oil well located in the Chakwal district of Punjab. In a notice to the Pakistan Stock Exchange (PSX) on Wednesday, OGDCL announced that the well, which had been suspended since 2020 due to formation challenges, is now back in production after the installation of an Electrical Submersible Pump (ESP). “This initiative aligns with OGDCL’s broader strategy to enhance production using advanced artificial lift techniques,” the company…

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Govt Raises Gas Tariffs for Captive Power Plants Under IMF Pressure

Admin
Gas-IMF

Key Points: ‘Grid levy’ on industrial captive power plants (CPPs) to increase incrementally until August 2026. IMF dissatisfied with power sector reforms and privatisation timeline; agricultural tax under review. ISLAMABAD: In a major policy shift, the government has notified a 23% increase in gas rates for industrial captive power plants (CPPs) and postponed a significant reduction in electricity tariffs to continue negotiations with the visiting International Monetary Fund (IMF) staff mission. The move comes as Pakistan seeks the disbursement of approximately $1.1 billion in the coming weeks. A senior official…

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Unlocking Pakistan’s Mineral Wealth: A Pathway to Economic Growth

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New-Project50

Pakistan is endowed with vast mineral resources that hold immense potential for economic growth and industrial development. With abundant reserves of coal, copper, gold, iron ore, chromite, and precious stones, the country’s mining sector has the capacity to become a significant contributor to national progress. However, despite its rich mineral landscape, the sector currently contributes only 3.2% to Pakistan’s GDP, with mineral exports accounting for a mere 0.1% of the global total. With increased exploration, foreign investment, and infrastructure development, Pakistan’s mining industry is poised for substantial growth. Spanning approximately…

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Sindh Energy Department and Pakistan Railways Sign MoU for Thar Railway Line

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Energy-Department1

Karachi: A Memorandum of Understanding (MoU) for the construction of the Thar Railway Line was signed between the Sindh Energy Department and Pakistan Railways at the Energy Department Secretariat. The MoU was signed by Musaddiq Ahmed Khan, Secretary of the Energy Department, and Muhammad Farooq Iqbal, Chief Marketing Officer of Pakistan Railways. Sindh’s Minister for Energy, Planning, and Development, Syed Nasir Hussain Shah, emphasized the significance of this project, stating that it aims to transport Thar coal to power plants across the country. The railway project will establish a 105-kilometer-long…

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LONGi and BNZ Strengthen Partnership with 336MW Solar Agreement in Southern Europe Madrid,

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New-Longi

February 2025 – LONGi Solar Technology, a global leader in solar module manufacturing, has signed a Strategic Framework Agreement with BNZ, a premier independent power producer (IPP), to supply 336MW of advanced solar modules for BNZ’s 2025 pipeline in Europe. This agreement reinforces their long-standing partnership and underscores a shared commitment to expanding renewable energy capacity. BNZ, part of Nuveen Infrastructure’s Europe Clean Energy Fund III, is on track to surpass 500MW of operational solar projects across Spain, Portugal, and Italy this year. With 130MW of BNZ’s existing capacity in…

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