Category: Recent Post

Former Managing Director (MD) of Pakistan State Oil (PSO), Shahidul Islam has been declared an offender by the Accountability Court for his continuous absence in the LNG scam case that also involves former Prime Minister Shahid Khaqan Abbasi. According to details, the decision was taken after the NAB prosecutor apprised the court that the accused has left the country to evade case proceedings. Furious with the revelation, the Accountability Court judge immediately ordered concerned authorities to revoke the CNIC of Shahidul Islam and undertake measures for his extradition. Moreover, NAB…

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Dominion Energy, one of the nation’s largest utilities, in late June erected wind turbines off the Virginia coast — only the second such installation in the United States — as part of a big bet on renewable energy. The company is also planning to build new power plants that burn natural gas. Utilities around the country are promoting their growing use of renewable energy like hydroelectric dams, wind turbines and solar panels, which collectively provided more power than coal-fired power plants for the first time last year. But even as…

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Books can be written on the inefficiencies, incompetence, and irregularities in Pakistan’s energy sector. The PMLN regime tried to address sectoral deficiencies by launching plethora of base-load plants to match the peak load without giving any consideration to heightened capacity charge, transmission, or distribution constraints. Now that the power plants have been commissioned, power generation capabilities are higher than peak demand – but affordability has become questionable. Evacuating it to consumers is an even bigger headache. As per a report in this newspaper, out of allocated 23,940 MW to DISCOs,…

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EDITORIAL: According to a Business Recorder exclusive report, frequent ongoing outages in major cities of the country are due to system constraints rather than a generation shortfall as was the case during previous administrations. Except for K-Electric there is not a single distribution company, including Islamabad Electric Supply Corporation, which has consistently shown high receivables, that has been able to draw the amount of power that was made available to it. A total of 23,940MW of power was allocated to meet estimated demand of 22,626MW, however, 19,321MW was drawn due to system…

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ISLAMABAD: Pakistan and China on Monday signed an agreement for the construction of Azad Pattan Hydel Power Project. Prime Minister Imran Khan, Power and Petroleum Minister Omar Ayub Khan and Special Assistant to PM on Information and Broadcasting & CPEC Authority Chairman Lt Gen (r) Asim Saleem Bajwa witnessed the signing ceremony. Addressing the ceremony, the prime minister said the China-Pakistan Economic Corridor (CPEC) project will prove to be a milestone in the country’s development and prosperity. He said China is emerging as an economic power on the world’s map…

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