ISLAMABAD: The government on Wednesday introduced the Off the Grid Captive Power Plants Levy Bill, 2025 in the Senate, seeking to impose a new levy on natural gas-based captive power plants operating off the national grid. Deputy Prime Minister and Foreign Minister Ishaq Dar presented the bill as part of the supplementary agenda, drawing objections from Pakistan Tehreek-e-Insaf (PTI) lawmakers. They argued it was inappropriate to table a financial bill on a day reserved to honour the late Senator Prof Sajid Mir. However, Acting Chairman Syedaal Khan clarified that the…
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OGRA reduces imported LNG prices for May
The Directorate General of Petroleum Concessions (DGPC) has provisionally awarded 10 new onshore exploration blocks to MariEnergies, one of Pakistan’s largest exploration and production (E&P) companies. “These blocks have been awarded after competitive bidding on the basis of work units committed by various E&P companies in the Pakistan E&P Onshore Bid Round 2025 (30th April 2025) conducted by the DGPC,” MARI said in its notice to the Pakistan Stock Exchange (PSX) on Wednesday. According to the notice, MARI will operate seven blocks as an operator. At the same time, the…
Read MoreTo protect millions of people from unemployment, social, and economic losses, it is essential to prevent pollution in the sea, Minister EnergyNasirShah
Karachi Minister for Energy, Development, and Planning Sindh, Nasir Hussain Shah, stated that it is crucial to protect the sea from pollution to safeguard millions from unemployment and social and economic losses. In this regard, the Sindh government has taken significant measures and has strictly prohibited the discharge of untreated wastewater into the sea. He expressed these views at the inaugural ceremony of the “International Conference on Marine Biodiversity: Social, Environmental Aspects, and Technology” held at the University of Karachi. Present at the event were Vice Chancellor Professor Dr. Khalid…
Read MoreChinese Firm Seeks Formal Extension of LoS for $2.5 Billion Kohala Hydropower Project
ISLAMABAD: M/s Kohala Hydropower Company Limited (KHCL), a Chinese firm, has formally requested the government to issue a notification extending the Letter of Support (LoS) for its $2.5 billion, 1,124 MW run-of-the-river Kohala Hydropower Project until September 30, 2027, sources told Business Recorder. The Kohala project, a priority initiative under the China-Pakistan Economic Corridor (CPEC), initially received LoS from the Private Power and Infrastructure Board (PPIB) on December 31, 2015, with extensions granted thereafter, the latest approved during PPIB’s 144th Board meeting. In a letter to the Power Division, KHCL…
Read MoreNTDC-KE Interconnection Project to Play Vital Role in Providing Affordable Power to Karachi: Sindh Energy Minister
KARACHI: Sindh Energy Minister Syed Nasir Hussain Shah has said that the interconnection project between K-Electric (KE) and the National Transmission and Despatch Company (NTDC) will play a key role in ensuring the supply of affordable electricity to consumers in Karachi. He made these remarks while chairing a high-level review meeting on the project. The session was attended by KE CEO Moonis Alvi, NEPRA Member (Technical) Rafiq Shaikh, NTDC Managing Director Muhammad Waseem, and other key officials. During the meeting, the KE CEO and NEPRA representative briefed the minister on…
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