Pakistan, Germany sign Rs700mn agreement on renewable energy
ISLAMABAD: Germany will provide technical assistance, worth Rs700 million, to Pakistan in the field of renewable energy and energy efficiency.
An agreement was...
Karachi to receive additional 1,400MW electricity by 2023: Asad Umar
ISLAMABAD: Planning, Development and Special Initiatives Minister Asad Umar said on Monday that Karachi city would receive additional 1,400MW electricity by 2023.
He...
Govt likely to allow petrol stations to set their own prices
As consumers across the country face difficulties due to petrol shortage, the government is currently contemplating completely deregulating pricing and marketing of...
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...