Category: Shortcode

The Oil and Gas Development Company Limited (OGDCL) has sent 180 food packages to flood affectees of Ghotki and Sanghar districts of Sindh, it said on Wednesday. In the wake of massive flash floods that wreak havoc in various parts of the country, OGDCL has continued its flood relief activities under its corporate social responsibility, the company said. The recent floods and torrential rains had wreaked devastation in different parts of the country. Responding to the calamity, OGDCL immediately mobilised its resources in the flood affected areas to provide all…

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The National Electric Power Regulatory Authority (NEPRA) on Wednesday hinted at increasing electricity rates by Rs4.34 per unit for the consumers of all distribution companies (DISCOs) except for K-Electric even with the Lahore High Court’s Rawalpindi bench barring the authorities concerned a day earlier from collecting the fuel price adjustment (FPA) charges. In another application, NEPRA has also indicated to reduce power tariff by Rs4.10 per unit on account of FPA for the consumers of the K-Electric. The power regulator held a public hearing at its headquarters on FPA for…

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Oil and gas exploration firms, on Wednesday, announced the discovery of gas reserves at 2.25 million standard cubic feet per day (mmscfd) at Tolanj’s West-2 development, located in Kohat, Khyber Pakhtunkhwa (KP). In a notification to the Pakistan Stock Exchange (PSX), Oil and Gas Development Company Limited (OGDCL) said the discovery had de-risked an exploration play in the deeper reservoirs over Tolanj West D&PL and in TAL Block, leading to new upside opportunities. “This discovery will also help and contribute towards improving the energy security of the country from indigenous…

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Private Power & Infrastructure Board (PPIB) has urged the State Bank of Pakistan (SBP) to facilitate Independent Power Producers (IPPs) in opening Letters of Credit (L/Cs) to timely carry out periodic and breakdown maintenance of generation plants and machinery and to fulfil its contractual obligations, official sources told Business Recorder. The Independent Power Producers, i.e., M/s Attock Gen Limited, M/s Saif Power Limited, M/s Lalpir Power Limited, M/s Pakgen Power Limited, M/s Rousch Power Limited, M/s Atlas Power Limited and M/s Liberty Power Tech Ltd, have written letters to PPIB and…

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K-Electric has registered at least 10 FIRs in different police stations in the last few days against people who attacked the power supplier’s offices and law enforcement authorities have also made several arrests after identifying culprits through various means, such as the CCTV footage from multiple sites of the company. Reiterating strict legal action against those intending to harm the utility and its staff, Spokesperson K-Electric said, “Attacks on KE premises and staff members are condemnable and disrupt the utility’s operations as well as the city. Furthermore, eligible customers seeking…

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