Govt considering fixed Rs20 per litre GST on petroleum products
As oil prices decline in the international market, the government in a bid to protect its revenues is considering setting the General...
ECC ignored advice of Petroleum Division on preempting supply shortage of petroleum products
The Economic Coordination Committee (ECC) of the Senate is to blame for the current shortage of petroleum products as it rejected a...
Committee for negotiations with IPPs notified
ISLAMABAD: The Ministry of Energy has notified the constitution of a five-member sub-committee to negotiate with Independent Power Producers (IPPs), asking it...
Power Division set to clear circular debt through Rs200bn Sukuk
Govt formulates plan to make payments to 79 IPPs and GENCOs
12,464MW electricity to be added to national grid through IPPs’ projects
ISLAMABAD: As many as 12,464 megawatts of electricity would be added to the national grid through 25 projects of Independent Power Producers...
ECC asks energy ministry to explain Sukuk disbursement method
ISLAMABAD: The Economic Coordination Committee (ECC) on Friday directed the energy ministry to furnish the "disbursement methodology" of circular debt.
Adviser to Prime...
Total needs to cover $12bn shortfall due to crisis: CEO
PARIS: French energy major Total now faces a revenue shortfall of at least $12 billion (£9.76 billion) due to the crash in oil...
Oil drops as surprise US stock build douses demand recovery hopes
Oil prices slid for a second consecutive session on Thursday as US industry data showed a steep and surprising build-up in crude...
Record drop in energy investment, warns International Energy Agency
The coronavirus crisis is causing the biggest fall in global energy investment in history.
Before the pandemic, funding was set to rise 2%,...
NTDC energises 500kV transmission line for Faisalabad west grid station
The National Transmission and Despatch Company (NTDC) is completing its ongoing projects on a fast-track basis through effective utilization of resources despite...
NESPAK-led JV wins Diamer Bhasha Dam’s consultancy contract
Lahore: A National Engineering Services Pakistan (NESPAK)-led joint venture has won the consultancy contract of Diamer Bhasha Dam Project through competitive bidding.Â
The...
Repair of Tower: NTDC to partially suspend power in Islamabad, Rawalpindi areas
LAHORE: The repair work on the tower of 500kV Rawat–Neelum Jhelum Transmission Line will be carried out on May 20-21, the spokesman...
Oil prices hit one-month highs on output cuts, demand signs
SINGAPORE: Oil prices climbed by more than $1 a barrel on Monday, supported by output cuts and signs of gradual demand recovery...
IEA still sees record 2020 oil demand fall but easing lockdowns helping
LONDON: Oil demand is still set for a record fall in 2020, the International Energy Agency (IEA) said on Thursday, but it...
NTDC energises first 500kV HVAC transmission line
The National Transmission and Despatch Company (NTDC) has connected the High Voltage Direct Current (HVDC) system with High Voltage Alternating Current (HVAC)...