Category: News & Announcement

KARACHI: Pakistan aims to generate 30% of its electricity from renewable energy sources by 2030 such as wind, solar, biomass and small-scale hydro. This will complement the 27% of current electricity supply coming from large-scale hydro. To this effect the 271 GE Renewable Energy wind turbines spreading over nine plants have a combined generating capacity of 450 megawatts (MW) – representing more than 36% of the current 1,235-MW total installed wind capacity in the country. “Renewable energy is the future. With global warming happening, it’s good to say you’re working…

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In the K-Electric Board Meeting held on June 25, the Board expressed serious concerns about the inconvenience suffered by KE’s valued customers due to frequent power outages resulting from KE’s inability to procure adequate fuel stock.  The meeting was chaired by Mr. Riyadh S. A. A. Edrees, with other Board members and KE’s Management in attendance. Amongst other matters, the Board laid special emphasis on the recent power disruptions in Karachi. KE management briefed the Board about the furnace oil and gas shortages in the country and unavailability of adequate…

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KARACHI: Ministry of Finance has made clubbed amendments to the NEPRA Act with the Finance Bill 2020-21 to get it passed before July 1, 2020 as per agreement with the International Monetary Fund (IMF) aimed at empowering the regulator to pass on the cost of the inefficiencies of the power sector to the consumers through imposition of the Debt Servicing Surcharge (DSS), says a press release issued by the Towel Manufacturers Association of Pakistan. The benchmark of transmission and distribution losses are 4.30% annually, but a NEPRA report, published in…

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Pakistan LPG Marketers Association has warned of imminent shortage of liquefied petroleum gas (LPG) in the country following discontinuation of an agreement between Sui Southern Gas Company (SSGC) and Jamshoro Joint Venture Limited (JJVL). “We have noted with great concern that production has been shut down at JJVL. Many of our member LPG marketing companies were receiving LPG from JJVL. This will disturb the entire supply chain and create gaps and shortages,” the association said in a letter sent to Petroleum Secretary Mian Asad Hayauddin. It requested that a meeting…

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ISLAMABAD, (APP – UrduPoint / Pakistan Point News – 24th Jun, 2020 ) :The government has so far released funds amounting to Rs287.289 million to execute seven petroleum projects under the Public Sector Development Programme (PSDP 2019-20) against the total allocation of Rs304.997 million. According to the official data as of June 19 that showed a slight readjustment in funds’ allocation and releases, an amount of Rs10.553 million has been provided to explore and evaluate coal in Nosham and Bahlol areas of Balochistan. While Rs35 million have been released for…

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