Author: Admin

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

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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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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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Complexity of Power Supply and Delivery

Admin
power-supply-and-delivery

In addition to the belated notice of the IPPs and the killing capacity payments in PPAs with them, the complexity of the power supply and delivery business is often underestimated.This misunderstanding leads to advice from individuals, including a former minister, to renegotiate or revise PPAs on a “take-and-pay” basis instead of the “take-or-pay” arrangement, treating it as a simple fix.

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