Category: Recent Post

Economic Coordination Committee of the Cabinet (ECC) has approved payment of first installment to 35 Independent Power Producers (IPPs) out of total 47 whereas payment to the remaining 12 IPPs (under Power Policy 2002) may be withheld owing to the NAB investigation. Federal Minister for Finance and Revenue Shaukat Tarin chaired the meeting on Wednesday. Power Division presented a summary before the ECC regarding release of first installment of payment to IPPs. Secretary Power Division briefed the Committee about the recommendations of the sub-committee constituted during ECC last week. “The…

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KARACHI: KARACHI: Pakistan Petroleum Limited (PPL) has commenced commercial gas production from Benari Development and Production Lease (Benari D&PL) in Shah Bandar Block with effect from May 3, 2021, a bourse filing said on Tuesday. The block is located in districts Thatta and Sujawal, Sindh and lies in the southernmost part of the Lower Indus basin. Benari X-1 well in Benari D&PL is the first exploratory well drilled in Shah Bandar block, which is operated by Pakistan Petroleum Limited (PPL) with 63 percent working interest (WI) along with its joint…

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The government was taking tangible measures to resolve issues pertaining to low voltage and frequent disruption of power supply in Malakand division. As part of such efforts, three projects would be undertaken in different districts of Malakand division to improve voltage and provide uninterrupted power supply to domestic, industrial and agricultural consumers. Engr Malik Luqman Khan, KP Energy Department’s senior planning officer told APP that 500 KV transmission line from Chitral to Chakdara besides 500 KV, 220 KV and 132 KV grid stations in Chitral and Chakdara Lower Dir would…

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Karachi: Total loans under the SBP’s financing scheme for renewable energy amounted to Rs36 billion as of February as the scheme has evolved over time and received strong response, the central bank governor said on Tuesday. As of February 2021, financing of around Rs36 billion have been extended for 521 projects producing approximately 850 megawatts, the State Bank of Pakistan (SBP) Governor Reza Baqir said addressing a webinar. In June 2016, SBP issued financing scheme for renewable energy to promote renewable energy projects and doubled scope of concessional financing last…

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KARACHI: Sindh governor Imran Ismail on Tuesday visited K-Electric’s Bin Qasim Power Station-III (BQPS-III) project to review the progress on the latest addition to Karachi’s power network. The visit followed a meeting between KE’s senior leadership and the Governor Sindh where KE presented an update on the company’s preparedness for Ramazan and the 2021 summer season, said a spokesperson of Governor. According to the presentation, BQPS-III is a $650 million project which will be adding 900 MW of generation capacity to KE’s existing network. This mega-project is progressing on the…

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