Category: Highlights

Oil and gas firms to be allowed to sell 50pc gas to private sector: minister

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Energy-minister

ISLAMABAD: The government is going to allow the country’s oil and gas exploration and production (E&P) companies — OGDCL, PPL, GHPL, Mari gas, and foreign companies — to directly sell 50 percent of gas to the private sector and 50 percent to state-owned gas companies. This initiative would not only help reduce the financial morass of the E&P companies that emerged in the wake of their circular debt because of non-payments by Sui gas companies, but also would have fiscal relief because of selling gas directly to the private sector,…

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The race to get next-generation solar technology on the market

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solar-panel

The race to get next-generation solar technology on the market January 16, 2024 Companies say perovskite tandem solar cells are only a few years from bringing record efficiencies to a solar project near you. In Swift Solar’s lab, more than a dozen pairs of elbow-length rubber gloves hover horizontally in midair, inflated like arms. The gloves are animated by gaseous nitrogen and jut out of waist-high, glass-walled enclosures, designed to keep the workspaces dry and airtight to protect the delicate solar materials inside.  In a corner, technician Roger Thompson slides…

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Türkiye can help Libya use its potential in energy: Minister

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Economy-Summit

Libya is important not only for Türkiye but also for global markets, Bayraktar said in a speech he delivered at the Energy and Economy Summit held in Tripoli on the weekend. The epidemics and wars in recent years have caused disruptions in the global energy markets, the minister stressed, adding that cooperation in the field of energy is needed. Securing the energy supply and providing reliable and affordable energy is becoming more difficult, Bayraktar said. “We definitely need international cooperation to overcome all these challenges.” He said that Türkiye and…

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Iran serves new notice on Pakistan for delay in IP gas line project

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iran-gas-pipeline

Pakistan received the latest notice almost 10 days ago, top government officials told The News ISLAMABAD: Iran has issued a third notice to Islamabad, renewing its intention to move the arbitration court for not laying the pipeline as part of the IP gas line project. The project has been facing delays since 2014. Pakistan received the latest notice almost 10 days ago, top government officials told The News. “Iran earlier asked Pakistan in Nov-Dec 2022 in its second notice to construct a portion of the Iran-Pakistan gasline project in its territory…

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NEPRA awards 10-Year Licence to PPIB to run power auctions in Pakistan

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Nepra-KE-1

ISLAMABAD: The National Power Regulatory Authority (NEPRA) has granted a 10-year licence to the Private Power & Infrastructure Board (PPIB) to act as an independent auction administrator (IAA) in the country’s power sector. The licence will allow PPIB to implement a competitive market regime, known as the Competitive Trading Bilateral Contract Market (CTBCM), to procure electricity through transparent and efficient bidding. PPIB will be intended to facilitate state-run ex-Wapad distribution companies (XW-DlSCOs)/Suppliers of Last Resorts (SoLR) in meeting their capacity obligations by procuring new capacity and energy to fulfill their…

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