Category: Highlights

As many as six new projects worth Rs1,775.857 million will be executed in petroleum sector during the current fiscal year 2021-22 in order to achieve self-sufficiency in the energy sector. According to official documents, the government has allocated Rs40 million in the Public Sector Development Programme (PSDP 2021-22) for a new project, under which development of Strategic Underground Gas Storage (SUGS), hiring of consultancy services for bankable feasibility study and transaction advisory services (PC-II) would be carried out. Similarly, a sum of Rs30 million has been specified for Legal Consultancy…

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The government has suffered a loss of over Rs25 billion because of the sate-run Pakistan LNG Limited’s (PLL) failure in making timely arrangement for the import of the commodity, the Public Accounts Committee (PAC) was informed on Wednesday. During the last few months, the PLL had cancelled cargoes and then awarded them to LNG traders after a few days at higher rates. The PAC meeting, held under the chairmanship of Rana Tanveer Hussain at the Parliament House, was further told that the PLL had failed to arrange LNG imports when…

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Islamabad: Cabinet committee on energy (CCoE) on Thursday approved the Indicative Generation Capacity Expansion Plan – known as IGCEP 2021-30 which puts a major focus on clean energy (hydel, Solar, Wind, Nuclear) by the year 2030. It also puts emphasis on generating new electricity projects with the least cost basis. IGCEP envisions the commissioning of a portfolio of new generation projects including many hydropower projects, Thar coal-based projects, K-3 nuclear power plant, and over 4,000MW of solar and wind-based renewable energy projects. The Cabinet Committee on Energy (CCOE) held a…

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The National Forum for Environment and Health (NFEH) has joined hands with the Security Papers’ Ltd (SPL) to undertake a tree plantation campaign at the latter’s premises.An NFEH delegation led by its President Naeem Qureshi visited the SPL to launch the tree plantation drive.The delegation was warmly received by the senior officials from the IMS as well as HR and Administration Departments of the SPL.Mr. Khalid Farooque, Chairman Horticulture Committee at the SPL briefed that the Gulmohar plant also known as Flame Tree was specially selected for the plantation drive…

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And the failure of the government in retaining the new FSRU will also cause maximum gas loadshedding in the winter season as it will not be able to use the additional capacity of 180mmcfd of FSRU Sequoia, said a senior official who attended the meeting held on August 19 in Islamabad on utilization of additional capacity available at both LNG terminals. The meeting participants also discussed the worst scenario of Engro LNG terminal shutdown that is to emerge after the government’s failure. In the winter season, the demand swoops up…

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