Author: Admin

Nepra Flags Legal, Operational Concerns Over Amendments to NE Plan and SEC Rules

Admin
Nepra

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has raised serious objections to proposed amendments in the National Electricity (NE) Plan 2023–27 and Supplier Eligibility Criteria (SEC) Rules, 2023, warning that the changes could obstruct the rollout of the Competitive Trading Bilateral Contract Market (CTBCM). In its response to an Office Memorandum issued by the Ministry of Energy (Power Division) on April 21, 2025, Nepra highlighted that the framework for recovering stranded costs—a cornerstone of market liberalisation—must be embedded within the NE Plan itself. Relying on secondary documents, the Authority…

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China Empowers Pakistan’s Hydropower Sector Through Dam Training Program

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Hydropower-Sector

RIZHAO: A 28-day training program on hydropower technology and management for Pakistani water conservancy professionals concluded on August 2 at the Shandong Water Conservancy Vocational College, China. The initiative aimed to strengthen Pakistan’s capacity in dam development, with a particular focus on the Kurram Tangi Dam project. Tailored to meet Pakistan’s hydropower needs, the training covered five key areas: mechanical and electrical equipment, automation systems, hydraulic structures and design, dam safety management, and hands-on experience at hydropower stations. Participants also toured seven major hydropower sites, including the Changgou Pumping Station…

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Chairman WAPDA briefed about water, power projects

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WAPDA

Says on time completion of under construction projects,fast-track restoration of NJHP foremost priority August 6, 2025: Chairman WAPDA Lt Gen Muhammad Saeed (Retd) presided over a meeting today at WAPDA House. During the meeting, the Chairman was briefed about WAPDA’s mandate, the mega projects it has executed in water and power sectors since its inception, the role it has been playing in socio-economic development of the country, and the progress on under-construction projects. Members of the Authority, General Managers and other senior officers attended the meeting. Speaking on the occasion,…

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Saudi Aramco Posts 22% Profit Decline Amid Lower Oil Prices

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Saudi-Aramco

RIYADH – Saudi Aramco reported a 22% drop in its second-quarter profit, totaling 85 billion riyals (\$22.67 billion), as lower crude and refined product prices continued to weigh on revenues. The state-owned oil giant, a key pillar of the Saudi economy and the world’s largest oil exporter, has now recorded profit declines for 10 consecutive quarters following record earnings in late 2022. “The decrease in revenue was mainly due to lower crude oil prices and lower refined and chemical product prices,” Aramco stated in its latest quarterly report. Aramco’s shares…

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Oil Prices Rebound from 5-Week Low Amid Trump’s Threats Over Russian Crude Trade

Admin
Oil prices

TOKYO: Oil prices bounced back on Wednesday following a sharp dip, as market participants weighed potential supply disruptions triggered by U.S. President Donald Trump’s fresh threats of tariffs on India for its continued imports of Russian crude. Brent crude futures rose 29 cents, or 0.4%, to \$67.93 per barrel by 0119 GMT, while U.S. West Texas Intermediate (WTI) gained 28 cents, or 0.4%, reaching \$65.44 a barrel. Both benchmarks had plunged more than \$1 on Tuesday to hit their lowest levels in five weeks amid concerns of oversupply following OPEC+’s…

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