Author: Admin

Power Division Launches Inquiry into NTDC Over PSDP Scheme Deletion

Admin
Power-Division

ISLAMABAD: The Power Division has initiated a fact-finding inquiry against the National Transmission and Despatch Company (NTDC) for the removal of development schemes, including the Electricity Distribution Efficiency Improvement Project (EDEIP), from the Public Sector Development Program (PSDP). This deletion has stalled consultant salaries and delayed new consultancy contracts since the start of the financial year, sources revealed. Special Secretary Power Division, Arshad Majeed Mohmand, has been appointed as the inquiry officer under a directive issued on November 13, 2024. He issued multiple warnings to NTDC Managing Director Waseem Younas…

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PM Directs Power Division to Review Base Load Needs and Accelerate Reforms

Admin
power-energy

ISLAMABAD: Prime Minister Shehbaz Sharif has instructed the Power Division to conduct a thorough review of base load power requirements and analyze the costs of retiring low-efficiency power plants versus transitioning to solar and renewable energy solutions. These directives were issued during a high-level meeting discussing the Integrated Generation Capacity Expansion Plan (IGCEP), solar power projects, floating solar initiatives, Saudi Arabia’s ACWA Power projects, and the decommissioning of generation companies (Gencos). The prime minister emphasized the need for weekly updates from Minister for Power Awais Leghari on electricity off-take under…

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Cabinet Advocates Uniform Gas Prices to Stabilize Fertiliser Market

Admin
oil price

ISLAMABAD: The federal cabinet has proposed introducing uniform gas prices for fertiliser manufacturers to eliminate alleged favoritism and market distortions. The move aims to ensure a level playing field as discrepancies in current gas tariffs have led to uneven profit margins among manufacturers. At present, some urea manufacturers pay lower gas tariffs while others incur higher costs. Despite this, all companies sell fertilisers at uniform prices to farmers, allowing those with lower tariffs to generate higher profits. During a recent cabinet meeting, members emphasized the need for equitable gas tariffs…

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Pakistan joins fossil-fuel non-proliferation coalition

Admin
fossil fuel

ISLAMABAD: Pakistan has joined a coalition of climate-vulnerable countries advocating for a global fossil-fuel non-proliferation treaty, which seeks an equitable transition away from coal, oil, and gas. The proposed treaty, designed to complement the Paris Agreement, emphasises the need for financial and technological support to ensure fair energy transitions for developing nations. Ranked among the top ten countries most vulnerable to the devastating impacts of climate change, Pakistan is the first nation in South Asia to engage with this initiative, and aims to address its severe climate challenges, such as…

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Middle East share of India’s Nov oil imports at 9-mth high; Russia down

Admin
crude oil

NEW DELHI: India’s November crude imports showed Middle Eastern oil at a 9-month high while Russia accounted for its smallest share in three quarters, ship tracking data obtained from sources showed. Refiners in India have been gorging on cheaper Russian oil despite problems posed by sanctions aimed at reducing Moscow’s oil revenue to fund its war in Ukraine. The world’s third biggest oil importer and consumer in November shipped in 13% less Russia oil compared with October at 1.52 million barrels per day (bpd), about 32% of India’s overall intake,…

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