Kuwait’s Enertech to finance power projects in Sindh

KARACHI: Sindh government and Kuwait's national company have signed a memorandum of understanding (MOU) with regard to a major investment in Sindh's power sector. The...

Dr Alvi mulls solar power at presidency

KARACHI: President Dr Arif Alvi on Saturday emphasised the need to exploit alternative sources of energy in order to produce cheap electricity in the country. Addressing...

Italian, Chinese majors vie in Pakistan’s mega LNG tender

LONDON/SINGAPORE: Italian oil major Eni, China’s overseas energy unit PetroChina and two trading houses are vying to supply liquefied natural gas (LNG) to Pakistan...

Power tariff likely to be hiked by another Rs3.5 per unit

The government of Pakistan, following its agreement with The International Monetary Fund (IMF) is likely to increase the power tariff by another Rs3.5 per...

PLL managing director says ‘dual office’ does not contravene any law

ISLAMABAD: The Pakistan LNG Limited (PLL) managing director has said that his employment contract with PLL as well as the Pakistani law...

Engro realises promise of indigenous power production for Pakistan

Engro Powergen Thar (Private) Limited (EPTL) – a majority owned company of Engro Energy – and Sindh Engro Coal Mining Company (SECMC) – a...

Power theft caused financial loss of Rs45bn in FY18: NEPRA

The national exchequer has borne a huge financial loss of more than Rs45 billion due to electricity theft and other damages during...

K-Electric posts Rs10.4bn profit for FY17

The Board of Directors of K-Electric Limited has approved the company’s financial results for the year ended 30 June 2017, a private...

Clean energy production among top govt priorities: PM

ISLAMABAD: Prime Minister Imran Khan said on Tuesday that an increase in the production of clean energy was among top government’s priorities.

Oil production cuts weigh on Saudi growth in first quarter

DUBAI: Saudi Arabia’s economic growth more than halved on a quarterly basis to 1.66 per cent in the first quarter of this year, in...

Rs147mn to be spent on up-gradation of HDIP labs

ISLAMABAD: Hydrocarbon Development Institute of Pakistan (HDIP) would execute two projects worth Rs147.960 million fort up-gradation of its testing laboratories in different cities during the...

SNGPL, SSGCL to lay 13,599km long gas pipelines in 2019-20

ISLAMABAD: Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL), under a strategy to reinforce and expand their transmission network would...

Gas prices to increase from July 1: OGRA

ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) on Sunday issued a notification intimating increase in gas sale prices which would be effective from July 1. As...

No increase in power tariff for consumers using up to 300 units: minister

ISLAMABAD: Power Division Minister Omar Ayub Khan said on Saturday that there would be no increase in tariff for the domestic electricity consumers using up...

NAB initiates inquiry against Sahiwal, Port Qasim power plants

ISLAMABAD: Alarmed by the high tariff granted to Sahiwal and Port Qasim coal-fired power plants, the National Accountability Bureau has initiated an inquiry against the...

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FBR issues notices to 3,950 non-filers in Lahore

LAHORE: The Federal Board of Revenue's Broadening of Tax Base (BTB)-Lahore has issued notices to some 3,950 people who did not declare their assets despite...

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Intel launches first artificial intelligence chip Springhill

JERUSALEM: Intel Corp on Tuesday launched its latest processor that will be its first using artificial intelligence (AI) and is designed for large computing...