Category: Shortcode

NFEH, Energy Update’s joint visit to SECMC

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AEEA-NFEH

NFEH, Energy Update’s joint visit to SECMC November 12, 2024 Empowering Thar: Sustainable Coal Mining and Community Welfare In a notable initiative underscoring the growing emphasis on sustainable development, a joint team from the National Forum for Environment and Health (NFEH) and Energy Update recently visited District Tharparkar in Sindh province.  Hosted by the Sindh Engro Coal Mining Company (SECMC), the visit centered around Pakistan’s largest open-pit coal mining site, located in block-II of Thar coal, within the town of Islamkot. The delegation was taken on an insightful tour of the coal mining site…

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Petroleum Division Misses SIFC Deadline to Address Refinery Challenges

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Petrol-Diesel

ISLAMABAD: The Petroleum Division failed to meet the November 10 deadline set by the Special Investment Facilitation Council (SIFC) to resolve critical issues faced by Pakistan’s oil refineries, a delay that may hinder progress on plant upgrade agreements outlined in the 2023 Brownfield Refinery Policy, sources revealed. In a November 3 SIFC working group meeting, oil refineries expressed concerns regarding obstacles such as lack of sales tax exemptions, petroleum product smuggling, and the Oil and Gas Regulatory Authority’s (OGRA) approval process for high-speed diesel (HSD) imports. According to the Oil…

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Power Division Seeks ECC Approval for Riali-II Hydropower Project Security Package

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Hydropower

ISLAMABAD: The Power Division is set to present a summary to the Economic Coordination Committee (ECC) for approval of the security package documents for the 7.08 MW Riali-II Hydropower Project under the Power Generation Policy, 2015. The Finance Division advised that the Power Division should ensure the documents align with the policy, without imposing additional obligations or guarantees. The 7.08 MW run-of-river project, located on Ghori Nullah in Azad Jammu & Kashmir (AJ&K), recently received an 18-month extension in its Financial Closing Date, extending it to October 12, 2025. The…

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Nepra to Sue DISCOs Over Rs276bn Circular Debt Due to T&D Losses

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NEPRA-Office

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has announced plans to take legal action against Distribution Companies (DISCOs) for contributing Rs276 billion to the circular debt through increased Transmission and Distribution (T&D) losses in FY 2023-24. This move follows a Circular Debt report for June 2024, reviewed by Nepra. The report reveals that DISCOs’ T&D losses rose to 18.31% in FY 2023-24, up from 16.84% the previous year, surpassing Nepra’s target of 11.77% by 6.54%. Despite an allocated investment of Rs163.1 billion to improve infrastructure, DISCOs’ efficiency remains low,…

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POL Sales See 2% Rise; Exports to Europe Up by 16%

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oil and gas

Pakistan’s petroleum product sales and daily oil and gas production recorded a 2% increase during the first four months of the current fiscal year, with POL sales reaching 5.18 million tons from July to October. Data from Petroleum Information Services indicated that the average daily crude oil production for the week ending October 31 stood at 65,582 barrels, up from 64,467 barrels the previous week. Daily gas production also rose, averaging 2,737 MMCFD, an increase from 2,694 MMCFD. Additionally, the State Bank reported a 16.23% increase in exports to Western…

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