Author: Admin

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

Admin
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

Admin
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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President SAI demands rationalization of power tariff

Admin
KCCI-Power

KARACHI: President of SITE Association of Industry Muhammad Kamran Arbi has, in a press statement, demanded the government to seriously look into the matter of exorbitant electricity tariff for all categories of consumers, particularly export and general industries tariff and rationalize the same taking into consideration the actual cost of per unit production. He said that there is much unrest amongst business community due to very high electricity bills. The high energy tariff is fast making industries – export oriented, and otherwise – uncompetitive in the international markets where Pakistan’s…

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