Germany to provide €22.4m for development projects in Pakistan
ISLAMABAD: Pakistan and Germany on Friday signed a financial agreement worth €22.4 million to support existing projects in the areas of renewable energy,...
Total plans $5bn in asset sales as second-quarter profit falls
PARIS: French energy giant Total will sell around $5 billion worth of assets, mostly from its upstream exploration and production business, as...
OGDCL discovers oil and gas reservoir in Sindh
The Oil and Gas Development Company Limited (OGDCL) has revealed the discovery of oil and gas reservoir in district Sanghar, Sindh.
According to...
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...
Dr Alvi mulls solar power at presidency
KARACHI:Â President Dr Arif Alvi on Saturday emphasised the need to exploit alternative sources of energy in order to produce cheap electricity in...
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)...
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...
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.
“Production...
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...
Rs147mn to be spent on up-gradation of HDIP labs
ISLAMABAD:Â Hydrocarbon Development Institute of Pakistan (HDIP) would execute two projects worth Rs147.960 million fort up-gradation of its testing laboratories in different cities...
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...