Category: Highlights

KARACHI (May 31): Sindh Energy Minister Syed Nasir Hussain Shah has said that 172 public sector buildings will initially be provided with 47 MW of electricity through solarization in three different phases. He expressed these views today at the Energy Department during a meeting with a delegation of the World Bank’s technical mission. The World Bank mission was led by Senior Energy Specialist/Task Team Leader Dmytro Glazkov while Project Director Sindh Solar Energy Mahfooz Qazi and others were also present on the occasion. Minister Energy gave more details and said…

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Karachi The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has called upon the government to immediately take full advantage of 12 operational clean energy projects in the Jhimpir-Gharo wind corridor in Sindh so that end-consumers of electricity get uninterrupted power supply at the cheapest rates in peak summer.In a statement issued to the media, FPCCI President Atif Ikram Sheikh said that maximising electricity output from these 12 wind power plants, capable of producing electricity at a cheaper rate of just Rs 14.5 per unit, would also encourage more…

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• Investment signals further progress in Aramco’s global retail expansion• Strategic partnership aims to unlock new opportunities for value creation and growth DHAHRAN|MAY 31, 2024 Aramco, one of the world’s leading integrated energy and chemicals companies, has made further progress in its global retail expansion by completing the acquisition of a 40% equity stake in Gas & Oil Pakistan Ltd. (“GO”).GO is a diversified downstream fuels, lubricants and retail store operator in Pakistan with a network of more than 1,200 retail fuel stations. The acquisition, first announced in December 2023,…

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ISLAMABAD: Pakistan’s junk credit rating has become a major obstacle in securing $3.5 billion in debt for the Diamer Basha dam project. In response, the government is simultaneously trying to sell its stake in another power project and persuade Beijing to include the Diamer Basha dam in the China-Pakistan Economic Corridor (CPEC). The Water and Power Development Authority (WAPDA), the sponsor of the Diamer Basha dam project, has urged Islamabad to present the project as a “big-ticket item” to Beijing during Prime Minister Shehbaz Sharif’s upcoming visit, according to government…

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ISLAMABAD: The Central Power Purchasing Agency (CPPA) is seeking an additional Fuel Cost Adjustment (FCA) of Rs3.49 per unit in June’s bills, admitting that “consumers don’t want electricity from the system” as evidenced by a 14-17% drop in consumption in April.

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