Category: Latest News

SIFC Facilitates Resolution of Feasibility Cost Reimbursement for 135MW Taunsa Hydropower Project

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Hydropower-Project

ISLAMABAD: China Three Gorges South Asia Investment Ltd (CSAIL) has expressed appreciation to the Special Investment Facilitation Council (SIFC) for its support in resolving the long-pending issue concerning reimbursement of the feasibility study cost of the 135MW Taunsa Hydropower Project in Punjab. According to a testimonial issued on behalf of CSAIL, SIFC played a key role in facilitating the resolution of the matter through proactive engagement and effective coordination among relevant federal and provincial stakeholders. Liu Yonggang, Assistant Chief Executive Officer of China Three Gorges South Asia Investment Ltd, said…

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Power Division rejects news report on new IPP agreementsIslamabad:

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power-division

Ministry of Power Division has strongly rejected a report published in daily Jang titled “Claims of getting rid of IPPs on one hand, new 30 to 40-year agreements on the other,” terming it contrary to facts. According to the spokesperson, the Government of Pakistan has completely ended the practice of entering into new agreements with IPPs or undertaking government power purchase commitments following the approval of the Integrated Generation Capacity Expansion Plan (IGCEP) 2025-35 and the launch of a free electricity market in the country.The spokesperson clarified that the Jamshoro…

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Govt hikes petrol by Rs5.02, diesel by Rs5.28 for fifth straight review

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petrol

The government continued to raise petrol and high-speed diesel (HSD) prices at its final review of the week on Friday, increasing them by Rs5.02 and Rs5.28 per litre, respectively, for a fifth straight hike in petroleum prices. The new prices will remain effective from Saturday, September 12, till Monday, September 14, 2026. It was the fifth consecutive increase in petroleum prices in Pakistan. In last five days, the government has increased the petrol price by Rs29.95 and diesel by Rs25.27 per litre. According to a notification issued by the Ministry…

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PM Shehbaz orders two-hour limit on power cuts

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Prime Minister Shehbaz Sharif on Friday took notice of increased electricity load shedding in various parts of the country and ordered authorities to ensure that power outages do not exceed two hours in any area. The prime minister issued the directive while chairing a meeting in Islamabad to review the country’s electricity load management situation. According to the PM Office, the meeting was informed that power generation had declined due to disruptions in the supply of re-gasified liquefied natural gas (RLNG) amid the prevailing regional situation, including tensions around the…

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Govt Pushes “More Consumption” To Fix Power Crisis, But Ignores Core Issues of Losses and Inefficiency: PBC Meeting

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Awais-Leghari

By Staff Reporter The federal government is now banking on increasing electricity consumption to solve the power sector’s cost crisis, rather than directly tackling losses and mismanagement, a meeting between Energy Minister Sardar Awais Ahmad Khan Leghari and the Pakistan Business Council (PBC) revealed on Thursday. PBC CEO Javed Kureishi led a delegation that presented a framework projecting an additional 44 to 45 TWh of annual demand over the next 5-7 years. The proposal suggests pushing consumption in sectors like EVs, data centers, agriculture, railways, and industry to spread fixed…

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