Business Recorder/26-11-2019 KARACHI: With profound concern and vision aimed at reducing the climate change impact by converting Karachi’s municipal solid waste into indigenous and renewable resource of energy, K-Electric and Engro Energy signed a memorandum of understanding (MoU) to advance a 50MW Solid Waste to Energy Plant at an estimated cost of $175 million. Moonis […]

Business Recorder/26-11-2019 KARACHI: 12 wind power projects of total capacity 610 megawatts electricity are being set up at the Wind Corridor of Sindh. The Energy Minister of Sindh, Imtiaz Ahmad Shaikh said these environment-friendly projects are being set up with Public-Private Partnership, as the mandatory prerequisites, including acquisition of Letter of Interests, Environmental Impact Study, […]

Dawn News/22-11-2019 ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) notified an Rs1.83 per unit increase in electricity tariff under monthly fuel price adjustment for electricity consumed in September to generate Rs24 billion revenue to ex-Wapda distribution companies (Discos). The additional fuel cost will be charged to consumers in the coming billing month of December. […]

The Express Tribune/22-11-2019 KARACHI: The Port Qasim Authority (PQA) Chairman Hasan Nasir Shah urged that two new offshore liquefied natural gas (LNG) terminals would be constructed at Port Qasim on build, operate and transfer (BOT) basis by private consortiums, led by foreign companies, over the next 24 months in addition to the two existing LNG terminals. While […]

Business Recorder/21-11-2019 ISLAMABAD: The Federal Minister for Power Division, Omar Ayub Khan said that around 8,000MW and 20,000MW clean, environment-friendly and cheap renewable energy (RE) would be added to the system by 2025 and 2030 respectively under the new Alternative Renewable Energy Policy 2019 approved by the federal cabinet. Addressing a press conference with the […]

Pakistan Observer/19-11-2019 KARACHI: The construction processes of K-Electric’s $650 million 900MW RLNG-based Bin Qasim Power Station III will commence in December under the project contracts signed in October 2019 and are anticipated to turn generating electricity by summer of 2021. The project has received all required approvals and is part of KE’s planned initiatives resulting […]

Source: The Express Tribune   Islamabad: The Power Sector Regulator on Wednesday, October 23, reviewed and assessed an upsurge of Rs.1.6615/kWh in the applicable tariff for XWDISCOs on account of deviations in the fuel charges for the month of August 2019. NEPRA in an official press release defined the existing Actual Fuel Charges Component for […]

Source: Dawn News Islamabad: The National Transmission and Dispatch Company (NTDC) in a study titled “Indicative Generation Capacity Expansion Plan 2018-40” profoundly analyzed the Power Market dynamics of the country and emphasized on the notion of accelerating efforts towards power generation, terming it has a key determinant of sustainable economic growth. The study further stated […]

Source: The Express Tribune   Islamabad: The Finance Division has spun down a request of State-Run Pakistan LNG Limited (PLL) for further guarantees worth $150 million in the wake of fiscal constraints and to circumvent violation of loan terms settled with the International Monetary Fund (IMF) under the Extended Fund Facility (EFF) signed in the […]

Source: Business Recorder   Islamabad: The Oil and Gas Regulatory Authority (OGRA) on Wednesday, October 9, notified a surge in prices of imported gas by up to 6.6% for October 2019. The regulator augmented the prices of Re-Gasified Liquefied Natural Gas (RLNG) by 6.43% for Sui Northern Gas Pipelines Limited (SNGPL) and 6.62% for Sui […]

Source: The Express Tribune   Islamabad: The Alternative Energy Development Board (AEDB), in its 46th meeting held under the Chairmanship of Federal Minister for Power Omar Ayub, ratified the draft of Alternative Renewable Energy (ARE) Policy 2019 with a mutual accord of all members. The Federal Government has emphasized on devolving the decision making power […]

Port Qasim Authority has issued a conditional Letter of Intent (LoI) to Energas Terminal (Private) Limited for the construction of a Liquified Natural Gas (LNG). The Build-Operate-Transfer (BoT) program has been given an initial LoI on the basis of satisfied fulfillment of Quantitative Risk Assessment (QRA). The final LoI would be issued upon the completion […]