5,407 MW additional electricity being added in system: Abid
ISLAMABAD: Minister of State for Power Chaudhry Abid Sher Ali Wednesday said that around 5,407 megawatts (MW) additional electricity would be added...
Electricity Transmission system poses threats for zero load-shedding claims
LAHORE: Surprises await PML-N government for relying on unreliable and ineffective electricity transmission system that lacks a crucial ingredient required for energy...
NTDC suffers Rs400m loss due to suspicious bidding process
Lahore: The avoidance of open biddings for purchase of insulators by National Transmission and Despatch Company (NTDC) seems to have cost an...
Oil prices decline second day running due to oversupply worries
Tokyo: Oil prices fell on Tuesday, declining for a second day and sapping more strength from a third-quarter rally, amid signs that...
Provinces oppose Central govt’s way of pushing gas sector reforms
Islamabad: As provinces oppose gas sector reforms being pushed by the government, the coming of Shahid Khaqan Abbasi into the Prime Minister’s...
18.5% power tariff hike to disrupt market equilibrium: PIAF
LAHORE: The Pakistan Industrial and Traders Associations Front (PIAF) chairman Irfan Iqbal Sheikh has feared that the proposed hike in industrial and commercial power...
Minority shareholder demands NEPRA to review MYT determination for K-Electric
KARACHI:Â Since the issue of Multi Year Tariff (MYT) determination for KE dated March 20, 2017, by NEPRA, the market capitalisation of KE...
CPEC: Pakistan will have to pay China $100 billion for loans obtained by 2024
Islamabad: China-Pakistan Economic Corridor (CPEC) is not all bell and whistles, as Pakistan would be required to payback China $100 billion for...
Oil prices decline after registering 20pc rise in third quarter
Tokyo: Oil prices fell on Monday, pausing for breath after posting gains of as much as 20 percent in the third quarter,...
Mari Petroleum potential growth momentum to pick up further
LAHORE: Production enhancement along with latest significant exploration activities are set to boost growth momentum for Mari Petroleum (Mari) for FY18, officials...
First unit of Neelum-Jhelum Hydropower project to start generation in Feb 2018
Lahore: Neelum-Jhelum Hydropower project is said to be on the verge of completion as dry testing of electromechanical equipment and switch yard...
Siemens signs agreement order for supply of 50MW wind farm in Pakistan
Lahore: The German company Siemens Gamesa has secured an order from the independent power producer Zephyr Power for the Engineering, Procurement and...
Rs2.12b recovered from Chinese firm for 2008 power project
Islamabad: In good news, the government has been successful in recovering Rs2.12b from Chinese firm Songfang Electric Corporation Limited (SECL) reported a...
ICSID refused key witness testimony in Karkey RPP case
Islamabad:  Senior government officials said International Centre for Settlement of Investment Disputes (ICSID) had ignored Pakistan’s corruption claims and refused a key...
Ogra proposes Rs2.36 per litre increase in petrol price
ISLAMABAD
After notifying due authorities the Oil and Gas Regulatory Authority (OGRA) has sent a summary to the Ministry of Petroleum and Natural...