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Author: Admin

Pakistan’s Balancing Act: Encouraging Solar Adoption Amid Grid Challenges

Admin
solar-panel

KARACHI – Pakistan’s government finds itself in a delicate position, aiming to promote renewable energy, particularly solar power, while grappling with constrained grid capacity and economic challenges. The government’s recent consideration to reduce buyback rates for net-metering electricity has sparked debates regarding the balance between incentivizing solar installations and managing grid constraints. The introduction of net-metering was a significant move…

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Pakistan Seeks Chinese Support for Hydropower Projects and Energy Investment

Admin

ISLAMABAD – Pakistan is actively engaging with Chinese leadership to revive over 1800 megawatts of hydropower projects (HPPs) and attract fresh investment from Chinese companies in the country’s transmission and distribution network. This effort is part of the second phase of the China-Pakistan Economic Corridor (CPEC), aimed at bolstering energy infrastructure and collaboration. Efforts are underway to convene a meeting…

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K-Electric’s Proposed Fuel Adjustment Charges Met with Resistance

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karachi-electricity

ISLAMABAD – The National Electric Power Regulatory Authority (Nepra) confronted K-Electric’s request for an additional fuel cost recovery of up to Rs18.6 per unit from its consumers over the past nine months. During a public hearing led by Nepra’s Sindh member, Rafique A. Shaikh, key consumer groups and trade bodies strongly opposed any tariff hikes until consumers receive approximately Rs75…

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POGEE 2024: Energy Sector’s Premier Exhibition Inaugurated in Lahore

Admin

Lahore, Pakistan: The 18th edition of the Pakistan Oil, Gas & Energy Exhibition (POGEE) kicked off with great fervor at the Lahore Expo Centre, showcasing the latest advancements in Oil, Gas, and Power technologies. This year’s event, held alongside the 15th Safe Secure Pakistan (SSP) exhibition, witnessed a notable gathering of industry leaders and participants from both national and international…

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LNG case and other travesties

Admin
LNG-CASE

LET’S take some names today. Former prime minister Shahid Khaqan Abbasi is owed an apology now that the so-called National Accountability Bureau (NAB) has withdrawn its case of alleged corruption in the LNG deal of 2015. All co-accused in that case are also owed an apology: former finance minister Miftah Ismail who had his home raided by the police, Sheikh Imran ul…

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OGDCL Announces Commencement of Oil, Gas Production from Well Togh-2 in Kohat

Admin
OGDCL-new

ISLAMABAD: Oil & Gas Development Company Limited (OGDCL), the operator of the Togh and Togh Bala Development and Production Lease (D&P.L), on Thursday announced the successful commencement of production from the Togh-02 well from Lumshiwal-I Formation. The well is situated in the Kohat district of Khyber Pakhtunkhwa.The Togh-02 well is currently contributing 70 barrels of condensate and 8.0 Million Standard…

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KP Urges Centre to Clear Rs5.48 Billion Electricity Arrears

Admin
power-sector

The Khyber Pakhtunkhwa (KP) government has formally requested the federal government to settle outstanding electricity arrears totaling Rs5,476 million owed to Pakhtunkhwa Energy Development Organisation (Pedo). In a letter to Federal Minister for Energy and Power Division Awais Leghari, KP’s Adviser to Chief Minister on Finance, Muzzammil Aslam, emphasized the urgency of paying these arrears to fulfill obligations to KP’s…

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Deadline Extension Sought for Refinery Upgrades

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refinery

The Petroleum Division has requested a 6-month extension from the Cabinet Committee on Energy (CCOE) for local refineries to finalize Implementation Agreements (IAs) under the amended brownfield refineries’ policy 2023. This move aims to accommodate major players like Pak-Arab Refinery Company (PARCO) and Cenergyico, enhancing refining capabilities but delaying $5-6 billion investments. The initial deadline of April 22, 2024, for…

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Nepra Approves Rs2.8 per Unit Surcharge in May Power Bills

Admin
NEPRA-KE

The National Electric Power Regulatory Authority (Nepra) has sanctioned ex-Wapda power distribution companies (XWDISCOs) to levy an extra Rs2.8372 per unit on consumers’ May 2024 electricity bills. This move, known as the monthly fuel cost adjustment (FCA), comes after power consumers paid less than the actual cost of power generation, particularly from costly imported fuel, in March. Nepra’s decision translates…

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Engro’s Global Expansion Plans: Diversifying Across Energy and Telecom

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engro

Engro Corp, Pakistan’s largest conglomerate, is eyeing international markets for expansion, with a focus on the Middle East, Central Asia, and Africa, according to Samad Dawood, Vice Chairman of Dawood Hercules Corp, Engro’s major investor. In a recent interview with Reuters, Dawood highlighted Engro’s interest in global LNG ventures and hydrogen energy, alongside plans to enter telecom infrastructure markets in…

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