Tag: energy sector

Kyrgyz President due today: MoU on energy cooperation to be signed

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Kyrgyz President

ISLAMABAD: Pakistan and Kyrgyzstan are all set to sign Memorandum of Understanding (MoU) on cooperation in energy during the two-day visit of Kyrgyz President Sadyr Nurgojo uulu Japarov starting from Wednesday (Dec 3), well-informed sources told Business Recorder. The ministers of the two countries will sign the pact aimed at enhancing bilateral cooperation in power sector. On November 29, 2205, the federal cabinet approved a summary of Power Division titled “MoU between the Ministry of Energy of the Kyrgyz Republic and the Ministry of Energy of Pakistan in the field…

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Power Division, QESCO Clash Over Funding for Third-Party Validation of Subsidised Tubewells

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Pakistan-power-sector-target-of-ADB-funding

ISLAMABAD: A dispute has emerged between the Power Division and the Quetta Electric Supply Company (QESCO) over the release of funds for third-party validation of subsidised agricultural tubewells in Balochistan, with QESCO raising serious concerns over the consultant’s verification process. On *October 28, 2025, the Power Division instructed all power distribution companies to release payments to **ICore Business Solutions, the firm engaged for third-party verification. However, QESCO has objected, arguing that under *Clause VI of the Memorandum of Understanding (MoU) between the federal and Balochistan governments for the *solarisation of…

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PSO Cleared to Finalise LNG Cargo Diversion Deal with Qatar by November 15

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LNG

ISLAMABAD: The government has authorised Pakistan State Oil (PSO) to finalise a key agreement with Qatar by *November 15, allowing the diversion of up to *24 LNG cargoes in 2026 under a net proceeds differential formula. In a recent meeting, the Petroleum Division informed the Economic Coordination Committee (ECC) that PSO needed approval to conclude discussions with Qatar Energy before the deadline. It proposed authorising PSO and the Petroleum Division to finalise the Annual Delivery Programme (ADP) for 2026 with a cargo range of 24 to 29. The ECC approved…

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OGDCL, Power Division Clash Over Uch Gas Field Utilisation in Draft IGCEP 2025–35

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OGDCL-Project

ISLAMABAD: A dispute has emerged between the Oil and Gas Development Company Limited (OGDCL) and the Power Division over what OGDCL terms the “minimal consideration” given to the capacity utilisation factors of the Uch-I and Uch-II gas fields in the draft Indicative Generation Capacity Expansion Plan (IGCEP) 2025–35, sources close to the NEPRA Chairman revealed. In a letter to the NEPRA Chairman, OGDCL Managing Director and CEO Ahmed Hayat Lak criticised the Independent System and Market Operator of Pakistan (ISMO) for proposing sharply declining utilisation factors for the Uch plants…

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Thar Coal Development: TCEB Approves Strategic Tariff and Policy Measures to Strengthen Indigenous Energy Sector

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Thar Coal Development

KARACHI (July 30) – Sindh Chief Minister Syed Murad Ali Shah chaired the 29th meeting of the Thar Coal and Energy Board (TCEB) at CM House, where several pivotal decisions were taken to accelerate coal-based energy development in the Thar region. Highlighting the impact of Thar’s coal power projects, the CM revealed that since 2019, over 2,600 MW of affordable electricity has been added to the national grid at just Rs 4.8 per unit—compared to Rs 19.5 per unit from imported coal—saving Pakistan nearly \$1.3 billion in foreign exchange. During…

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