Summer load-shedding to persist, despite increased power supply

LAHORE: Despite increasing power supply, consumers are expected to face power outages during the upcoming summer months, reported a private news outlet. The...

PPIB gives extension for financial close of Matiari-Lahore transmission line

ISLAMABAD: An extension has been given in timelines for achieving financial close of various power projects including the high-voltage direct current (HVDC)...

Thar Energy limited to receive equity injection from Fauji Fertilizer, CMEC

LAHORE: In a stock exchange notification forwarded to the bourse by Hubco on Thursday revealed the company had entered into a shareholder...

Pakistan needs to tap potential of off-grid solar industry

ISLAMABAD:  An energy conference organized by the International Finance Corporation (IFC) on Wednesday saw participants emphasizing on taking advantage of Pakistan’s off-grid...

Oil prices steady on back of robust global demand

SINGAPORE: Oil prices held steady on Thursday, supported by healthy global demand but capped by the relentless rise in U.S. production that...

NTDC on verge of default, as it battles severe financial crunch

LAHORE: The National Transmission and Despatch Company (NTDC) is on the verge of default as it halted all payments to its contractors,...

Vitol partnering with Total on setting up LNG import facility in Karachi

LONDON/ISLAMABAD/DHAKA: Vitol is targeting Southeast Asia’s booming liquefied natural gas (LNG) markets to boost sales and catch up with rival commodity traders...

China’s leading company’s power transformers have 70 pc market share in Pakistan

BEIJING: Chint Group, China's leading industrial electrical equipment and new energy enterprise in the private sector has said its power transformers have...

Italian ambassador discusses issues of mutual interests with Miftah Ismail

ISLAMABAD: Ambassador of Italy to Pakistan, Stefano Pontecorvo called on Adviser to Prime Minister on Finance Miftah Ismail here on Wednesday and...

Upgradation of power transmission lines need of hour: Power Minister

ISLAMABAD: The government realises the importance of transmission lines in completing the upcoming power generation projects. The current transmission network needs to be...

Upgradation of $8.2bn ML1 railway project to start within three months

ISLAMABAD: Though the government had shown commitment to start work on one of the most important components of China Pakistan Economic Corridor...

Govt ready to submit National Electric Policy to CCI in April: Leghari

ISLAMABAD: Water and Power Minister Awais Ahmed Khan Leghari on Wednesday said the government is set to submit National Electric Policy next month in...

Pakistan can fortify economy through value addition in agri products: IAEA

FAISALABAD: International Atomic Energy Agency (IAEA) Director General (DG) Yukiya Amano on Tuesday said that Pakistan could strengthen its economy through value addition...

DISCOs, CEO performance to be checked: Leghari

ISLAMABAD: Minister for Power Division Sardar Awais Ahmed Khan Leghari issued directions to assess the performance of DISCOs and its CEO on...

Completion of projects, employees’ welfare top priorities: WAPDA chief

LAHORE: Pakistan Water and Power Development Authority (WAPDA) is overcoming load shedding through completion of delayed projects since the last one-and-a-half year,...