Author: Admin

OGDCL Commences Gas Production from Uch-35 Well in Balochistan

Admin
Gas-OGDCL

KARACHI — The Oil and Gas Development Company Limited (OGDCL) has announced the start of gas production from its Uch-35 development well. Drilled to a depth of 1,345 meters using in-house expertise, the well taps into the hydrocarbon-rich Sui Main Limestone (SML) formation, as disclosed in a statement to the Pakistan Stock Exchange on Wednesday. The Uch-35 well is producing 5 million standard cubic feet per day (mmscfd) of gas and has been connected to the OGDCL Uch Gas Processing Plant via a newly laid 8-inch, 1.2-kilometer flow line. This…

Read More

NTDC Concedes Delays in Power Plan Implementation Amid Rising Costs

Admin
Power project

ISLAMABAD — The National Transmission and Dispatch Company Limited (NTDC) acknowledged significant delays in executing the power distribution and transmission enhancement investment program, which is funded by multilateral and bilateral partners. Citing challenges in land acquisition and procurement, NTDC stated that these delays are escalating costs and leading to additional commitment charges. During a Senate Standing Committee on Economic Affairs meeting chaired by Saifullah Abro, officials reviewed the status of power sector projects. The committee called for greater transparency from NTDC, expressing concern over delayed projects that could prevent system…

Read More

Delay in EV Charging Tariff Hits Investors and Consumers Alike

Admin
electric-vehicles

ISLAMABAD — Government delays in finalizing a tariff for Electric Vehicle (EV) charging stations are hindering progress for both investors and consumers, according to sources. The National Electric Power Regulatory Authority (NEPRA) and the National Energy Efficiency and Conservation Authority (NEECA) have yet to agree on a tariff framework, leaving companies like Attock Petroleum Limited (APL) in limbo. APL has appealed to NEECA, citing a government meeting on September 27, 2024, which emphasized the role of Oil Marketing Companies (OMCs) in establishing EV stations nationwide as part of a clean…

Read More

ADB Meets Minister: Investment Sought to Ready Discos for Privatisation

Admin
Asian-bank

ISLAMABAD — Minister for Power Sardar Awais Khan Leghari has called on development partners, including the Asian Development Bank (ADB), to invest in preparing Pakistan’s power Distribution Companies (Discos) for privatisation. The minister shared this proposal during a meeting with an ADB delegation led by Country Director Xiaoqin (Emma) Fan. Discussions centered on energy sector collaboration, with Leghari commending ADB’s contributions to Pakistan’s energy development, especially in transmission infrastructure. The minister outlined the government’s reform plans, noting the establishment of the Power Planning and Monitoring Company (PPMC) to provide policy…

Read More

Global CO2 Emissions to Reach Record High in 2024, Escalating Climate Risks

Admin
Global-CO2

BAKU, AZERBAIJAN — Global carbon dioxide emissions are projected to reach an unprecedented 41.6 billion metric tonnes in 2024, intensifying the risks posed by climate change, scientists warned at COP29. The Global Carbon Budget report, released at the UN climate summit, highlights a 1 billion tonne increase from last year’s emissions of 40.6 billion tonnes. Emissions from fossil fuels—coal, oil, and gas—will contribute 37.4 billion tonnes, up by 0.8% from 2023. The remaining emissions stem from land-use factors like deforestation and forest fires. Compiled by over 80 institutions and led…

Read More