Category: Shortcode

Private Power & Infrastructure Board (PPIB) has urged the State Bank of Pakistan (SBP) to allow import of necessary equipment to M/s Rousch Power to avoid potential negative financial/ legal implications for both the GoP and the company. In a letter to Executive Director, Exchange Policy Department of SBP, Managing Director PPIB, Shah Jahan Mirza has given the reference of previous letters written by to M/s Rousch (Pakistan) Power Limited of October 17, 2022 and PPIB’s own letter of August 25, 2022 in this regard. PPIB argues that the matter…

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Federal Minister for Power Engr. Khurram Dastgir Khan laid foundation stone of 500 kV Maira Switching Station near Kahuta on Thursday.While addressing the ceremony, he said that the present government is fully committed to provide affordable electricity to the end consumer. The Switching Station would cost around PKR 7 billion and will be constructed over an area of 80 acres land. This will be the second such switching station to be added to the system in the last three years. Maira Switching Station was commissioned in March-2019.The Switching Station has…

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Oil and Gas Development Company Limited (OGDCL), the largest oil and gas exploration company in Pakistan, on Thursday announced the discovery of oil reserves from its exploratory well in Punjab. In a notice sent to the Pakistan Stock Exchange (PSX), the company announced that OGDCL “being operator of Toot Mining Lease with 100% working interest has made oil discovery from Lokhart Formation at Toot Deep-I well which is located in Attock District, Punjab Province, Pakistan”. OGDCL said that Toot Deep # 01 well was spudded-in on December 25, 2020, and…

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The National Electric Power Regulatory Authority (Nepra) on Wednesday allowed ex-Wapda Distribution Companies (Discos) to charge about nine paise per unit higher rates to their consumers under monthly fuel cost adjustment (FCA) for electricity consumed in September. At a public hearing presided over by Nepra Chairman Tauseef H. Farooqui and members Rafique Shaikh and Maqsood Anwar Khan, the regulator took up a petition from Central Power Purchasing Agency (CPPA) on behalf of 10 Discos for about 20 paise per unit increase in FCA to mop up about Rs2.5 billion additional…

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Dialogue on Energy Crises October 27, 2022 Former PM Shahid Khaqan Abbasi for adopting emergency measures to resolve inefficiencies in energy sector to save economy Islamabad: Former prime minister Shahid Khaqan Abbasi has said that inefficiencies in the energy sector have to be addressed on an emergency basis to save the national economy from an utter crash.While addressing a dialogue on “Energy crises and way forward” organized by the Energy Update here at the Islamabad Club, the former PM said that inefficient working of the power and gas sectors had…

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