Port Qasim Power Plant warns of suspension due to delayed payments of Rs93.5 billion
Outstanding dues of Rs 300 billion remain a major issue for CPEC power projects as shareholders from China and Qatar expressed frustration over the prolonged delays
Seven Independent Power Producers seek tariff cuts under new agreements
Nepra accepts joint tariff reduction application from Nishat Chunian Power, Nishat Power Limited, Narowal Energy, Liberty Power Tech, Engro Powergen Qadirpur, Saphire Electric Power, and Saif Power
Mari Energies makes second gas and condensate discovery at Spinwam-1 well
Well produces 20.485 MMSCFD of gas and 117 BPD of condensate
OGDCL discovers gas and condensate at Soghri North-1 well in Attock
Well yielded a flow rate of 13.95 MMSCFD of gas and 430 BPD of condensate
Govt set to cut power tariff as IPP contract revisions yield Rs1.4tr savings, says power minister
No tax on electricity exported by rooftop solar users, but 18% GST applies to grid consumption, clarifies Awais Leghari
Pakistan’s power generation drops 15% in February, reflecting economic slowdown
Decline in electricity consumption linked to high energy costs and shift towards solar power
Chinese firm denies allegations of unfair coal procurement at Sahiwal power plant
Company calls accusations baseless, urges regulatory authorities to investigate claims
Discos seek minor reduction in power tariff despite lower fuel costs
Consumers may get 30 paise per unit relief in April bills if Nepra approves adjustment
Pakistan diverts third LNG cargo as gas demand declines
Government shifts surplus LNG to international market amid low domestic consumption
Govt, banks move closer to deal on Rs1.23 trillion power sector debt resolution: report
Loan restructuring plan includes Rs700 billion at lower rates, fresh Rs523 billion exposure; repayment of this loan will be covered through a Rs2.83/unit Debt Servicing Surcharge on electricity bills
OMC sector posts 39% earnings growth in 1HFY25 despite lower sales
Finance cost reductions, lower taxation boost profits; PSO’s market share declines
Ogra raises RLNG prices for March; SNGPL at $12.94 per mmBtu, SSGCL at $12.72
RLNG rates increase by up to $0.052 per mmBtu amid import cost adjustments
Pakistan’s power sector struggles with low capacity utilisation despite reforms: report
Report highlights inefficiencies, rising costs, and shift towards renewable energy
OMCs strongly oppose refineries’ push for binding “Take or Pay” clause
Enforcing the "Take or Pay" clause without fair market practices will push many small OMCs into severe liquidity crises, risking supply disruptions and potential market exits, warns OMAP
Govt considers net metering rate reduction to ease financial pressure on consumers
Despite the reduction, new users can still recover their investment within four to five years, assures Leghari