Author: Admin

Power Division Proposes Support Units for Distribution Firms Amid Management Failures

Admin
power-subsidy

ISLAMABAD: The Power Division has acknowledged its inability to address inefficiencies and mismanagement within the energy sector, leading to a circular debt surpassing Rs2.310 trillion. In response, the division is now proposing the establishment of support units for power distribution companies (DISCOs) comprising officials from intelligence and law enforcement agencies to tackle these challenges and reduce the circular debt. As of the current financial year, DISCOs’ receivables have soared to Rs1.786 trillion, rendering the sector financially unsustainable. It is anticipated that these companies may have incurred losses of approximately Rs589…

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President Zardari Urges Comprehensive Plan to Prevent Karachi Urban Flooding

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Asif-Zardari

KARACHI: President Asif Ali Zardari has called for an urgent and comprehensive plan to prevent urban flooding in Karachi amid the ongoing monsoon rains. The city experienced significant waterlogging on Saturday even after light showers, resulting in the tragic deaths of two minor boys. Last week, Sindh Chief Minister Syed Murad Ali Shah directed the Karachi Water and Sewerage Corporation (KWSC) to conduct a master-plan study within six months. This study aims to address urban flooding caused by clogged drains, inadequate outfall infrastructure, and increasing squatter settlements and encroachments. At…

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High Tariffs Suppress Power Demand

Admin
Power-Projects

KARACHI: Pakistan’s power generation dropped by 2% to 127,259GWh (14,504MW) in FY24 compared to the previous fiscal year. This decline is attributed to reduced overall economic activity and lower demand caused by rising power tariffs. Hydropower led the power generation mix, contributing 31% in FY24, up from 28% in FY23. RLNG followed with 19% (up from 17% in FY23), while coal maintained a steady contribution at 16%. Other contributors included nuclear (18%), gas (9%), wind (3%), and furnace oil (2%). Despite the overall decline, hydel and RLNG sources saw the…

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MPCL Addresses National Energy and Food Security with Ghazij Appraisal Success

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mari-petrolium

Mari Petroleum Company Limited (MPCL) announces the successful completion of the appraisal program for Ghazij gas discovery, a significant stride towards addressing Pakistan’s energy needs and enhancing food security.Discovered in January 2023 within the Mari Development and Production Lease area, the Ghazij gas field has unlocked new hydrocarbon opportunities in the mature basins. MPCL’s fast track appraisal campaign, which included drilling of four appraisal wells, has confirmed the field’s potential.All five gas wells (one exploratory and four appraisal) are now connected to the SNGPL network, delivering approximately 30 MMSCFD of…

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FPCCI Energy Committee Demands Audit of IPPs- Malik Khuda Bakhsh

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FPCCI-metting

Karachi FPCCI Standing Committee on Energy, under the chairmanship of Malik Khuda Bakhsh, held an emergency meeting to highlight the devastating impact of exorbitant electric charges on Pakistan’s economy and condemned these high rates. It was stated that the entire burden has been placed on the public to favor 40 IPPs. In the country, 25% of IPPs are closed, and these closed IPPs are receiving monthly payments of Rs 10 billion, causing the national economy to sink further into crisis. Additionally, IPPs are charging capacity charges of Rs 24 per…

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