Author: Admin

Pakistan to Seek IMF Approval for Power Tariff Rebasing: Aimed at Easing Consumer Burden

Admin
Power Division

ISLAMABAD: Pakistan is set to formally approach the International Monetary Fund (IMF) to gain consent for a planned rebasing of electricity tariffs, a move aimed at mitigating financial pressure on consumers and averting potential public protests. Previously communicated informally to the IMF, the government’s rebasing proposal seeks to address concerns over high electricity rates, which have sparked widespread dissatisfaction. The plan involves revising the timeline for annual tariff adjustments, shifting the effective date from July 1 to January 1, a period of lower electricity demand. Policy guidelines have been issued…

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SolaX Unveils Groundbreaking Energy Solutions at WFES 2025, Paving the Way for a Sustainable Future in the MENA Region

Admin
New-Project

Abu Dhabi – SolaX Power proudly showcased its cutting-edge solar technology at the World Future Energy Summit (WFES) 2025, the MENA region’s first major photovoltaic exhibition of the year. As the leading event for solar innovation, WFES served as the ideal platform for SolaX to reveal a comprehensive range of solutions tailored to meet the energy demands of residential, commercial, and utility-scale applications. At Booth No. 5155, visitors had the opportunity to explore SolaX’s advanced energy strategies that cater to the region’s growing need for sustainable energy solutions. Key among…

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LAUNCHING CEREMONY OF MOBILE APPLICATION – ‘RAAHGUZAR’

Admin
New-Project

Islamabad, January 22, 2025 – The Oil and Gas Regulatory Authority (OGRA), in collaboration with the Federal Board of Revenue (FBR) and the Oil Companies Advisory Council (OCAC), has launched a state-of-the-art mobile application, ‘Raahguzar.’ This innovative app, utilizing Geographic Information System (GIS) technology, enables users to pinpoint legal petrol pumps and outlets across the country, marking a significant step in the digitization of Pakistan’s oil supply chain. The launching ceremony, held at OGRA head office in Islamabad, was attended by senior officials from the Ministry of Energy (Petroleum Division),…

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KP Seeks Re. 1/Unit Hike in NHP Amid Federal-Provincial Standoff

Admin
Power genration

ISLAMABAD: The longstanding debate over Net Hydel Profit (NHP) has reignited, with the Khyber Pakhtunkhwa (KP) government demanding an increase of Re. 1 per unit to ensure the payment of its dues. However, the proposal has faced opposition from WAPDA, Punjab, and Sindh, sources in the Planning Commission revealed. The matter was discussed during an inter-provincial meeting chaired by Awais Manzur Sumra, Secretary of Planning, Development, and Special Initiatives. KP’s Technical Advisor, Himayatullah Khan, emphasised that Article 161(2) of the Constitution mandates the Federal Government to pay NHP to provinces…

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SNGPL Seeks Petroleum Division’s Intervention on Gas Cost Equalisation and RLNG Financing

Admin
SNGPL-Office

ISLAMABAD: Sui Northern Gas Pipelines Limited (SNGPL) has called on the Petroleum Division for urgent support to finalise a gas cost equalisation arrangement with Sui Southern Gas Company Limited (SSGC) and to include the full financing cost of short-term RLNG borrowings in the RLNG price structure to ensure cost recovery. In a letter to the Director General (Gas) at the Petroleum Division, SNGPL’s Chief Financial Officer (CFO) reaffirmed the company’s commitment to meeting its financial obligations, including payments to Pakistan State Oil (PSO). The letter highlighted that accumulated payment shortfalls…

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