France provides 100mn Euros for energy sector reform in Pakistan

ISLAMABAD Pakistan and France on Wednesday signed Euro 100 million credit facility agreement for the Sustainable Energy Sector Reform Program. Secretary, Economic Affairs Division...

NTDC makes KEMA testing mandatory for Chinese contractors

ISLAMABAD In a major development, the National Transmission and Despatch Company (NTDC) has introduced the condition of a type tested material mandatory in...

Nepra approves power tariff cut of Rs1.90 per unit for May 2017

Islamabad: The electricity tariff for customers of state-owned power distribution companies has been reduced by Rs 1.90 per unit for May 2017....

Shale gas, oil centre established in Pakistan to facilitate E&P companies

Islamabad: Ministry of Petroleum and Natural Resources has established a Shale gas and oil centre to facilitate interested Exploration and Production (E&P)...

Baloki power plant connected to national grid: NTDC

Lahore: The Baloki (RLNG) based power plant of 1,200 megawatt capacity has been connected to the national grid said the National Transmission...

Haveli Bahadur Shah power plant to start production next week

Lahore: Punjab Chief Minister Shehbaz Sharif inspected the 1,230-megawatt gas power plant in Haveli Bahadur Shah, Jhang during a visit on Monday. He...

China offers to include Bhasha Dam project under CPEC

Islamabad: The National Assembly Standing Committee on Planning, Development and Reform was informed on Monday that China had offered Pakistan to bring...

Foreign companies to invest in Pakistan’s LNG sector

Islamabad: Major players have shown keen interest to invest in Liquefied Natural Gas (LNG) sector of Pakistan after seeing immense business potential...

PSO seeks Rs 60 billion from the govt to clear the loan obtained for controlling the circular debt

ISLAMABAD: Financially starved Pakistan State Oil (PSO) has sought Rs 60 billion from the ministries of finance and power to clears the...

Byco Petroleum to become Pakistan’s largest fuel maker says: Bloomberg

Karachi: In a report filed by Bloomberg, Byco Industries, a Karachi based company is expected to start its operations again in July...

Petroleum Ministry recovers payments of Rs4.7b from exploration companies

Islamabad: The Ministry of Petroleum and Natural Resources has recovered outstanding payments amounting to Rs 4.7 billion from different oil and gas...

ADB to give $300m loan for power sector reforms

Islamabad: The Asian Development Bank (ADB) on Thursday approved a fresh loan of $300m for Pakistan’s ailing power sector which is the...

Energy market seen as vulnerable to prolonged Gulf crisis

Kuwait City: While the Gulf's bitter diplomatic crisis is unlikely to affect energy prices in the short term, a prolonged rift that...

ECC may permit gas utilities to raise Rs175b loan from commercial banks for laying new pipeline

Islamabad: State owned gas utilities are expected to be granted permission to raise Rs175b from commercial banks for the installation of a...

Thar power projects to be completed ahead of schedule

Islamabad: The Thar coal mining and 660MW power project in Thar Block II will be completed ahead of the scheduled time; the...