Category: Shortcode

Power sector circular debt tops Rs2.64tr

Admin
power-sector

ISLAMABAD: The power sector circular debt has reached a staggering amount of Rs2.646 trillion by the end of May 2023, registering an increase of Rs394 billion from July 2022 to May 2023, according to a report by the Ministry of Energy. The mounting debt has become a major concern for the government and power sector policymakers, as it indicates monthly inefficiencies in the energy system, particularly in generation and distribution, resulting in an additional burden of Rs35.82 billion ($132.2 million) each month. This comes despite the government’s implementation of a…

Read More

Federal Government’s Controversial Attempt For NEPRA’s Regulatory Capture through an Ordinance to be moved for approval by Acting President of Pakistan

Admin
KE’S- 7-YEAR- INVESTMENT-ROADMAP

Exclusive report by Energy Update The outgoing federal government has moved an ordinance in haste related to amendments in the NEPRA Act during the times when the president of the Pakistan is on the holy journey for the performance of Hajj and in his absence making efforts to get ordinance passed through acting president. In general the proposed amendments, if approved and enacted will results into the regulatory capture as it takes away independence of regulator and creates inefficient environment for power sector and compromise the transparent and independent functioning…

Read More

Jhal Magsi Gas project revived

Admin
Gas-project

KARACHI: The Oil and Gas Development Company Limited (OGDCL) has revived Jhal Magsi Gas project to increase energy production, a statement said on Monday. The gas processing plant, with a daily capacity to produce 13.7 mmscf process gas and 45 bbl/day condensate, will help mitigate escalating energy needs of the country. “The installation of this plant is a testament to OGDCL’s commitment to furthering the exploration and production of oil and gas resources in the region,” OGDCL said in its statement. Besides the commercial operations, the company has underscored its…

Read More

PCJCCI calls for solar projects

Admin
solar-projects

LAHORE: Average utilisation rate of the operational solar photovoltaic (PV) plants is merely 19 percent in Pakistan, far from over 95 percent utilisation rate in China, the country that contributes nearly 87 percent of the total foreign investment in solar PV plants in Pakistan, a statement said on Monday. It was shared during a Chinese delegation’s visit to Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) to discuss importance and need of advancement in solar projects. One of the representatives of the delegation shared that the average utilisation rate…

Read More

660 kV HVDC Matiari-Lahore Transmission Line CPEC project commemorate ceremony to take place today

Admin
CPEC-project

Islamabad-The ceremony to commemorate the energisation of the ±660 kV HVDC Matiari-Lahore Transmission Line CPEC project will take place today (Monday) at the HVDC Converter Station in Balloki and Khurram Dastgir Khan, the Federal Minister for Energy (Power Division) will be the chief guest at the event. This ceremony is part of the decade of CPEC celebrations. Pakistan’s first ±660 kV HVDC Matiari-Lahore Transmission Line Project evacuates power from coal power plants located at Port Qasim, Hub and Thar. The project includes approximately 886-km of HVDC ±660 kV transmission line,…

Read More