Author: Admin

Chashma Nuclear Power Plant Unit-1 Sets National Record with 400 Days of Continuous Operation

Admin
Chashma-Nuclear

ISLAMABAD: In a landmark achievement for Pakistan’s energy sector, Chashma Nuclear Power Plant Unit-1 (C-1) has set a new national record by operating continuously for 400 days — the longest uninterrupted run in the country’s history. The milestone was achieved under the expert oversight of the Pakistan Atomic Energy Commission (PAEC), showcasing the dedication and technical excellence of its scientists, engineers, and technicians. Previously, Chashma Units C-2 and C-4 had each set a record with 365 days of continuous operation. Currently, PAEC operates six nuclear power plants contributing a total…

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Petroleum Division Clarifies CPP Levy Adjustments to Reflect in Future Bills

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Fuel-Cost

ISLAMABAD: The Petroleum Division has clarified that any rebates or adjustments related to the Captive Power Plants (CPP) levy will be incorporated in future billing cycles, aligned with the Fuel Cost Adjustment (FCA) determinations made by NEPRA for the respective month’s power tariff. In a recent communication to Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGC), the ministry elaborated on the implementation of the Grid (Captive Power Plants) Levy Ordinance, 2025. The ordinance mandates the imposition of a levy on gas consumed by CPPs that…

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Power Division Seeks Feedback on Electricity Market Framework Under CTBCM

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Power

ISLAMABAD: The Power Division has invited comments from stakeholders on proposed amendments related to the Competitive Trading Bilateral Contract Market (CTBCM), under the National Electricity Plan (NEP) 2023–27, as part of efforts to liberalise Pakistan’s electricity market. Stakeholders have been asked to submit their input by May 18, 2025. The proposed amendments to Strategic Directive #87 include the initiation of open access with an initial allocation of 800MW capacity for the first five years—subject to revision based on market conditions. The amendments aim to align with Clause 5.5.2(g) of the…

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Hascol Petroleum Appoints Javed Ahmedjee as CEO Amid Restructuring Drive

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Javed-Project

KARACHI: Hascol Petroleum Limited has appointed Javed Ahmedjee as its new Chief Executive Officer (CEO), effective May 5, 2025, the company announced in a notice to the Pakistan Stock Exchange (PSX) on Monday. A seasoned executive and entrepreneur, Ahmedjee brings over three decades of experience in steering business transformations across sectors including energy, banking, pharmaceuticals, healthcare, education, and capital markets. His leadership footprint spans Pakistan, Africa, and Europe, with roles in both Fortune 500 corporations and regional enterprises. Hascol highlighted Ahmedjee’s instrumental role in executing Pakistan’s largest pharmaceutical merger and…

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Petroleum Division Seeks Reconstitution of LNG Import Committee Amid Prolonged Stalemate

Admin
New-RLNG

ISLAMABAD: The Petroleum Division has proposed the reconstitution of the Committee on the import of Liquefied Natural Gas (LNG) following seven years of unsuccessful efforts to build consensus among stakeholders since its inception in 2018, official sources revealed. During a recent briefing to the Council of Common Interests (CCI), the Petroleum Division acknowledged that the previously constituted Committee, despite multiple consultations with stakeholders, failed to produce a consensus or final report. With a change in government, the earlier Committee ceased to function, prompting the Petroleum Division to recommend its reconstitution…

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