Category: Highlights

Power Division has assigned look after charge of CEO, CPPA-G to Chief Financial Officer (CFO) Rihan Akhtar, till the joining of acting CEO, who is on medical leave. The Central Power Purchasing Agency (Guarantee) Limited is a Public Sector Company, working under the administrative control of the Division and registered as the Market Operator in terms of rule 5 of the NEPRA (Market Operator Registration, Standards and Procedure) Rules, 2015. In pursuance of the decision of the Federal Cabinet of June 02, 2020, Power Division was in process of hiring…

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Amid continued promises and claims for good omen, foreign direct investment landscape in Pakistan has been lackluster. While net FDI in 5MFY22 has increased by 12 percent year-on-year, the total tally of around $800 million is trivial. Total FDI inflows in 5MFY22 as per SBP’s recent data is actually down by over 9 percent year-on-year. Though FDI in Nov-21 turned positive from a negative net tally in Nov-20, it wasn’t anything inspiring. And FDI inflows in Nov-21 were down by 30 percent year-on-year. Lower inflows and higher outflows describe the…

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The government should treat wind and solar power as the main sources of power generation as hydrocarbons are actually the alternative means of power production in the country, says a Press release.This was stated by Prof Dr Nasim Akhtar Khan, former vice-chancellor of Hamdard University, while speaking at a seminar as its keynote speaker on solar energy here at a hotel organised by Goodwe Pakistan in partnership with Energy Update. Dr Nasim Akhtar, who is a pioneering figure in introducing the concept of clean electricity in Pakistan, said on the…

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Under one 20-year deal, CNOOC Gas & Power Group will take 2 million mt/year of LNG on a free-on-board basis from Venture Global’s proposed Plaquemines LNG facility that is planned to be built south of New Orleans. Under a second deal, which will last for a shorter duration that the companies did not disclose, state-owned CNOOC, or China National Offshore Oil Corp, will take 1.5 million mt/year of LNG from Venture Global’s Calcasieu Pass facility that is under construction in southwest Louisiana. Production could begin within weeks at Calcasieu Pass.…

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The Multan Chamber of Commerce and Industry has expressed serious concerns over discontinuation of gas supply to the industrial sector particularly to textile sector and demanded the government exempt the textile industry from gas loadshedding. The MCCI has urged the Prime Minister Imran Khan to intervene immediately to ensure supply of electricity and gas to textile mills and warned that if the sector was pushed against the wall and their genuine concerns were not addressed, workers and their families would take to the streets. Talking to reporters on Monday, MCCI…

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