Author: Admin

Senate Committee Highlights Energy Sector Challenges, Calls for Reforms

Admin
Wind-Power

KARACHI: The Senate Standing Committee on Petroleum held a pivotal meeting at the Pakistan State Oil (PSO) headquarters on Thursday to address the pressing challenges facing the country’s energy sector. PSO Managing Director Syed Muhammad Taha emphasized the urgency of empowering the company’s board of management with regulatory powers to ensure its sustainability and competitiveness. Highlighting the severity of the circular debt crisis, he revealed that 14% of PSO’s circular debt equates to its EBITDA for FY23. He further outlined critical issues, including trapped equity, price competition, investment stagnation, and…

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OGDCL boosts working interest in Qadirpur gas field to 83% 

Admin
ojdcl

Oil and Gas Development Company Limited (OGDCL) has announced a significant increase in its working interest in the Qadirpur Development and Production Lease (D&PL) through a farm-in agreement with KUFPEC Pakistan B.V.  The energy giant disclosed this development through a notice to the Pakistan Stock Exchange (PSX) on Thursday. The move enhances OGDCL’s stake in the gas field from 75% to 82.99%, reinforcing its position in Pakistan’s energy sector. “Oil and Gas Development Company Limited (OGDCL) is pleased to announce the successful execution of a Farm-in Agreement with M/s KUFPEC…

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Pakistan seeks Swedish, EU Green fund assistance for EV conversion

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fund

Minister for Power Awais Ahmed Khan Leghari has invited Sweden Green Fund to assist Pakistan’s small vehicles conversion into electric technology by providing technical and financial assistance. The Minister put the proposal in a meeting with Swedish Ambassador Alexandra Berg Von Linde, who called on him in Islamabad today. Elaborating about the proposal for conversion of existing fossil fuel vehicles specially motorcycles, the Minister said that currently there are over 30 million motorcycles in Pakistan. He said the people in that income group are very good in retiring loans. He…

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Planning for power

Admin
power

Integrated economic planning for Pakistan’s power sector requires a comprehensive approach that addresses the multifaceted challenges faced by the sector today. At its core, this planning should aim to synchronise policies, investments, and operational decisions across all segments of the power sector – generation, transmission, and distribution – while aligning them with the broader objectives of economic growth, industrial competitiveness, and environmental sustainability. Holistic policy frameworks are essential for a unified direction for the power sector. For instance, the US’s Integrated Energy Policy mandates federal and state-level alignment of energy…

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Mari Energies Clarifies False News of Fire at Daharki Plant

Admin
New-Mari1

Mari Energies Limited has issued a clarification regarding the false news circulating on social media about a fire at their Daharki plant. The company has confirmed that no such incident has occurred at any of its sites. As a responsible and transparent organization, Mari Energies assures the public and stakeholders that their operations continue to adhere to the highest safety standards. In a statement, the company emphasized its commitment to transparency and will continue to provide accurate and timely information. MariEnergies has requested the relevant authorities to share this clarification…

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