Category: Shortcode

Ownership Dispute Between NPGCL and Wapda Escalates in Faisalabad

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WAPDA-MoUs

Tensions have mounted between the Northern Power Generation Company Limited (NPGCL) and the Water and Power Development Authority (Wapda) over ownership rights to properties in Faisalabad, including the Gas Thermal Power Station (GTPS) and Steam Power Station (SPS). The dispute has intensified following reported encroachment by Wapda security personnel onto NPGCL premises. In a letter addressed to the Chairman of Wapda, CEO Sabeeh Uz Zaman Faruqui expressed serious concern over the intrusion of Wapda security guards onto NPGCL properties in Faisalabad. Faruqui cited actions taken by the Principal of Wapda…

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Gas Shortages Disrupt Cooking in Karachi

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Gas-Prices

Karachi residents are grappling with persistent gas shortages, particularly during the winter months, causing significant disruptions to daily life. The scarcity of gas not only hampers cooking routines but also poses challenges for heating homes economically. Nadia, a homemaker from Rashid Minhas Road, describes the struggle of coping with gas load shedding, enduring up to 16 to 20 hours of unavailability each day. This sentiment is echoed by Farida from Surjani Town and Sahar from Liaquatabad, who express frustration over disrupted cooking schedules and the impact on their children’s meals,…

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SIFC Cancels Letters of Interest for CAT-III Wind Projects

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wind-energy

In Islamabad, the Apex Committee (AC) of the Special Investment Facilitation Council (SIFC) has made significant decisions regarding energy projects and economic initiatives, according to reliable sources. The committee has opted to cancel all Letters of Interest (LoIs) for category-III wind projects, except for the 300-MW project designated for K-Electric (KE), aligning with established policy guidelines. Concerning solar projects, the AC has determined that the National Transmission and Despatch Company (NTDC) will confirm the evacuation capacity for Cat-III solar projects after the finalization of the Integrated Generation Capacity Expansion Plan…

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“Resumption of Fuel Oil Exports Expected as Domestic Demand Declines”

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oil-and-gas

Industry officials have revealed that Pakistan is poised to resume its fuel oil exports after a hiatus of one-and-a-half months, with a local refinery gearing up to ship 50,000 tonnes of the product in the near future. The pause in fuel oil exports, which halted in January, was prompted by a surge in domestic demand for electricity generation amidst reduced hydropower output due to canal closures. Pakistan last exported fuel oil in December 2023, reaching a total export volume of 434,000 tonnes in the first half of the current fiscal…

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“HUBCO Plans Acquisition of 9.5% Stake in SECMC”

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power-hubc

The Hub Power Company Limited (HUBCO), Pakistan’s largest independent power producer, announced on Friday that it has finalized a definitive agreement to purchase a 9.5 percent stake in Sindh Engro Coal Mining Company Limited (SECMC). SECMC, a joint venture between the Sindh government and private entities, oversees the operation of the Thar coal mine, which holds one of the world’s largest coal reserves, situated in the southern province of Sindh. This proposed transaction entails the acquisition of approximately 9.5 percent of SECMC’s issued and paid-up ordinary share capital, currently held…

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