Category: Highlights

Gwadar coal-fired project: Inter-ministerial committee formed to review progress

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cpec

ISLAMABAD: The government is said to have constituted an inter-ministerial committee to review the progress of the 300 MW coal fired project at Gwadar and suggest a way forward to expedite the project or suggest an alternative source of power supply to Gwadar area if Chinese company fails to renew Performance Guarantee (PG) by March 21, 2024, well-informed sources told Business Recorder. Sharing the details, sources said the PPIB is processing a 300 MW coal power project at Gwadar, being developed by M/s CIHC Pak Power Company (Pvt.) Limited (CPPCL). This…

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Petroleum Division strongly denounces vilification campaign in media against SSGC Chairperson, Board of Directors

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SSGC

This is about recent news items circulating in electronic, print and social media concerning Sui Southern Gas Company and its Board of Directors.The Petroleum Division condemns the malicious campaign against the SSGC, its chairperson and its board of directors.Dr. Shamshad Akhter along with the Board members has successfully led the organization since her initial appointment in 2019. Under her visionary leadership, SSGC has achieved significant milestones in crucial areas such as upgrading the technology, improvement of business operations, Human Resources, policy formulation, discipline, risk management and significant reduction of Unaccounted-for…

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OGRA DETERMINES RLNG PRICE

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OGRA

Islamabad. The Oil and Gas Regulatory Authority (OGRA) in accordance with the Policy Guidelines of the Federal Government has determined the Regasified Liquified Natural Gas (RLNG) prices for sui companies with effective from January st, 2024 as under: The decrease in RLNG prices is due to decrease in DES price. The RLNG price notification for the month of January, 2023 is readily available at OGRA website www.ogra.org.pk.(Imran Ghaznavi)Spokesperson

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IT exports surge 23pc y/y to record $303m in December

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IT

KARACHI: The Information technology (IT) exports surged to a record high of $303 million in December, up 17 percent month-on-month and 23 percent year-on-year, industry data showed on Wednesday. The IT exports in December were also higher than the last 12-month average of $222 million, reflecting the strong performance of the sector, brokerage Topline Securties said in a report. The jump in IT exports was attributed to two main factors: the relaxation of the permissible retention limit by the State Bank of Pakistan (SBP) for IT exporters, and the stable…

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330MW Thar coal-fired project: PPIB to conduct ICB for sale of power to KE sans GoP guarantee

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Thar-Coal-Plant

ISLAMABAD: Private Power and Infrastructure Board (PPIB) has decided to conduct International Competitive Bidding (ICB) for an Independent Auction Administrator (IAA) for the 330 MW Thar coal power project for sale of electricity to K-Electric (KE) as a private power purchaser without GoP guarantee, official sources told Business Recorder. Sharing the details, sources said, M/s Siddiqsons Energy Limited (SEL), the developer of 330 MW Thar coal power project, was accorded eight extensions in Financial Closing (FC) date (last of which expired on December 31, 2021), through amendments to Letter of Support…

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