Govt holds NEPRA responsible for power tariff hike
Finance Minister Umar says tariff increase will generate additional Rs130bn, will not affect 70pc consumers
Asserts no conditions attached to Saudi bailout,...
Oil prices fall one percent amid global stock market slump
Markets have been hit hard this month by a range of worries, including the Sino-U.S. trade war, a rout in emerging market currencies, rising borrowing costs and bond yields, as well as economic concerns in Italy
Govt raises power rates a day after Saudi bailout
ECC approves increase in tariff for consumers using more than 300 units, allows five per cent decrease in electricity rates for...
RLNG-based power generation share climbs to 22.75% in September
In September, Hydel remained the main source of power generation with a share of 34%, RLNG 23%, gas 16%, coal 9%, furnace oil 8% and nuclear 5%
ECC set to decide about increase in power tariff
According to insiders, the PM in the last ECC meeting had instructed the Ministry of Finance to focus on tariff rationalization, theft and line losses instead of burdening the existing customers
Oil edges back from big slump as Iran sanctions return to focus
Front-month Brent crude oil futures were at $76.72 a barrel at 0320 GMT, 28 cents, or 0.4 percent, above their last close
Nepra levies Rs4 million fine on IESCO
Nepra stated IESCO failed to maintain the authorized voltage levels and supply electricity connections within the given time and orchestrated data regarding the number of interruptions, number of complaints and duration of interruptions
Procurement of land for Dasu hydropower project hits snags
An official source said Sigloo, Kaas and Sheikhabad are the areas where main civil works need to be initiated for main Dasu project and 500 acres of land is required in these places.
Master group wins bid to setup 99MW hydropower project
According to Pedo, the bid submitted by Masters Textile Limited and CHEC was greatly responsive in respect of “completeness, competitiveness, reasonableness and has the lowest rank"
PETRA chief calls for utilising Pakistan’s renewable energy resources
LONDON: PETRA Global Energy Group (United Kingdom) President and CEO Sheikh Rehman has stressed upon exploiting the rich potential of renewable energy...
Pakistan’s delayed LNG power plants set for final pre-operations checks in December-January: official
The delays at the three new plants - Haveli, Bhikki and Balloki - have forced Pakistan LNG to divert contracted liquefied natural gas (LNG) shipments
Saudi Arabia has ‘no intention’ of 1973 oil embargo replay: TASS
Several U.S. lawmakers have suggested imposing sanctions on Saudi Arabia in recent days while the kingdom, the world’s largest oil exporter, has pledged to retaliate to any sanctions with “bigger measures”
Asia petrol buckles under supplies; crack at over two-year low
Petrol margins against Brent crude fell 63 percent from the start of the month to $3.04 a barrel on Thursday, the lowest since Aug. 1, 2016, before recovering to $3.55 a barrel on Friday
Work on Mardankhel gas pipeline commences
The mega project is expected to significantly redress energy crisis in the country
ISLAMABAD: Days after the successful commissioning of Mardankhel 2...
Wapda signs Rs4.9b contract for construction of Dasu hydropower infrastructures
The contract is scheduled to be completed in about two years. Dasu Hydropower Project will be completed in two stages