Tag: power

ISLAMABAD: The federal government has approved a Technical Supplementary Grant (TSG) of Rs10 billion as budgetary cover for the Thar Coal Rail Connectivity Project, a key initiative aimed at transporting indigenous Thar coal to power plants and major industrial consumers across Pakistan. The project is being implemented by the Ministry of Railways (MoR) in collaboration with the Government of Sindh under a Memorandum of Understanding (MoU) and a Joint Venture (JV) Agreement. It was previously approved by the Executive Committee of the National Economic Council (ECNEC) under the Public Sector…

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ISLAMABAD: Pakistan’s largest Chinese-operated copper and gold mining project has warned that worsening security conditions in Balochistan could force it to suspend operations within a month if disruptions to the transportation of essential supplies continue. According to a Financial Times report, Saindak Metals Limited (SML) has informed the Ministry of Energy that the deteriorating law and order situation in the province has severely affected the movement of critical project cargo. In a letter to the ministry, the company’s managing director warned that continued logistical disruptions could make uninterrupted operations at…

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KARACHI: Demand for electric motorcycles is steadily increasing in Karachi as commuters seek relief from rising fuel prices and lower maintenance costs. However, the city’s deteriorating road infrastructure continues to hinder wider adoption, according to industry stakeholders. The number of electric motorcycle dealerships has expanded significantly across Karachi, particularly on Akbar Road, the city’s largest motorcycle market. Despite the growing interest, dealers say supply remains limited as manufacturers continue to prioritise deliveries to Punjab, where demand is considerably higher and road conditions are more favourable. Auto and motorcycle analyst and…

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ISLAMABAD: Petrosin CNG (Pvt) Ltd has initiated arbitration proceedings against Mari Energies Ltd before the International Chamber of Commerce (ICC) in London, seeking damages of $19.1 million (approximately Rs5.36 billion), along with arbitration costs, over the alleged unlawful termination of a gas supply agreement. According to court documents, Petrosin claims that Mari Energies wrongfully terminated the Gas Sales and Purchase Agreement (GSPA) for gas supplied from the Halini Production Field, resulting in significant commercial losses. The company argues that the agreement was a binding commercial contract governed by Pakistani law…

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Governor calls for clean energy revolution as Sindh emerges as Pakistan’s energy powerhouse Karachi Sindh Governor Syed Muhammad Nehal Hashmi has said that Sindh possesses enormous energy potential and that the effective utilisation of its diversified conventional and renewable resources is imperative for ensuring Pakistan’s long-term energy security, economic prosperity and sustainable development. He stressed that renewable energy, particularly solar and wind power, offers a lasting solution to the country’s energy challenges and urged Pakistan to indigenously manufacture clean energy equipment, including solar panels, wind turbines and battery storage systems,…

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