Author: Admin

Senate Slams Power Division Over Loadshedding, Circular Debt, and IPP Contracts

Admin
IPPs-Project

ISLAMABAD: The Senate Standing Committee on Power voiced strong criticism on Wednesday over ongoing power outages despite surplus electricity, the unchecked rise in circular debt, and the increasing financial burden on consumers. Chairing the meeting, Senator Mohsin Aziz expressed dismay at the absence of Power Minister Sardar Awais Leghari, who was expected to address critical issues—particularly the controversial contracts with independent power producers (IPPs), which Aziz labelled as unfair to the public. Senator Shibli Faraz accused the Power Division of inefficiency and blamed it for passing inflated project costs and…

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Oil Sector Warns Furnace Oil Levy Will Devastate Industry, Urges Govt to Withdraw

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Refineries-Urge

KARACHI: The oil industry has raised alarm over the imposition of a hefty petroleum levy (PL) of Rs82,077 per metric tonne on Furnace Oil (FO), effective July 1 under the Finance Act, warning of severe economic consequences. In a letter to the Special Investment Facilitation Council (SIFC), the Oil Companies Advisory Council (OCAC) expressed grave concerns about the PL, coupled with an existing Climate Support Levy (CSL) of Rs2,665 per metric tonne. The OCAC warned that the combined burden could lead to an 80% surge in FO prices, crippling domestic…

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Sindh Energy Holding Company Meets Revenue Target, Plans Expansion Amid Investment Surge

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New-Project4

KARACHI: Sindh Energy Minister Syed Nasir Hussain Shah has announced that the Sindh Energy Holding Company Limited (SEHCL) has successfully achieved its revenue target of Rs113 million for the financial year 2024–25. Chairing a high-level meeting of SEHCL on Tuesday, the minister revealed that a higher revenue target of Rs266 million has been set for the fiscal year 2025–26. SEHCL’s Chief Operating Officer, Tufail Ahmed Khoso, informed the meeting that the company expects to maintain an annual profit of Rs250 million over the next four years, driven by strategic investments.…

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Turning Sunshine into Power: Rooftop Solar Revolution in Islamabad, Pakistan

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growatt-news

In Islamabad’s bustling neighborhoods, rooftops are no longer just shelters—they’re becoming power stations. As electricity prices soar and energy demand climbs, homeowners are turning to solar solutions to secure their futures. Two distinct residential projects in the capital illustrate how solar technology is reshaping lives, blending financial gains with environmental stewardship—with one standing out for Growatt’s home solar energy solution. A 15kW grid-tied solar project in DHA Islamabad’s upscale enclave redefines simplicity and performance with Growatt’s MOD 15KTL3-X inverter. This high-efficiency powerhouse combines user-friendly design with robust engineering. Its 98.6%…

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Pakistan Seeks to Offload Surplus LNG Amid Supply Glut, Faces \$378 Million in Losses

Admin
Pakistan-LNG

KARACHI/SINGAPORE (Reuters):Pakistan is exploring options to sell excess liquefied natural gas (LNG) cargoes as a growing supply glut threatens to cost domestic gas producers up to \$378 million annually, according to an official presentation and government sources. The country currently has at least three surplus LNG cargoes—imported under a long-term contract with top supplier Qatar—and limited domestic demand, forcing authorities to sell gas at steep discounts to local users. Gas-fired power generation, historically a major consumer of LNG, has steadily declined over the past three years, with solar power gaining…

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