Wapda demands Rs13 as tariff for Neelum-Jhelum
Consumers to cough up Rs49bn a year over two decades to pay off debts
ISLAMABAD: Neelum-Jhelum Hydropower Company – a subsidiary of the...
NEPRA imposes fine of Rs5m on Genco-III for power breakdowns
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has imposed a fine of Rs5,000,000 on M/s Northern Power Generation Company Limited GENCO-III,...
Oil prices dip as Iran signals support for OPEC production increase
Brent crude futures were at $74.33 per barrel at 0426 GMT, down 41 cents, or 0.55 percent, from their last close
Chinese company to establish solid waste power plant
A subsidiary of Chengdu Xingrong Environmental Co, Lahore Xingzhong Renewable Energy has expressed interest in establishing a municipal solid waste power plant at a projected cost of $140 million
Circular debt rose Rs40 billion since start of June
HUBCO CEO told the parliamentary panel the previous PML-N government had paid Rs200 billion but after that, no payments had been made to decrease circular debt
Previous government approved surcharges to pay off power sector liabilities
During the ECC meeting, it was proposed Rs50 billion should be obtained in loans from commercial banks to be arranged via Government Holdings Private Limited (GHPL)
Country’s oil import bill surges by 30.43pc to $12.928bn
KARACHI: Pakistan’s oil import bill rose nearly 30.43 per cent year-on-year to $12.928 billion in July-May 2017-18 owing to an increase in...
EU looks into extending import controls on Chinese solar panels
BRUSSELS: The EuroÂpean Commission is examining whether to extend measures to control imports of solar panels from China, a move that could...
Opec oil ministers discuss production increase
VIENNA: The oil ministers of the Opec cartel were gathering on Tuesday to discuss this week whether to increase production of crude...
NEPRA allows K-Electric use of RLNG in power production
KARACHI: NEPRA, the power-sector regulator, has allowed K-Electric to use imported gas – re-gasified liquefied natural gas (RLNG) – for power generation as...
Second unit at Neelum-Jhelum hydro project commences power production
LAHORE:Â In a major development on the power generation front, the second unit of Neelum-Jhelum hydroelectric power project has started generating power to...
Shell likely to invest $15m in retail stations to meet enhanced demand
KARACHI:Â Shell Pakistan has planned to invest $15 to $16 million in its retail stations in the wake of expectations of an increase...
Pakistan aiming to sign cheaper fresh LNG import deals
With LNG replacing furnace oil in power plants, Pakistan is anticipating savings of around $2 billion annually through more efficient power generation...
Oil prices slip on expectations of rising OPEC, Russian supplies
Brent crude futures, the international benchmark for oil prices, were at $78.05 per barrel at 0021 GMT, down 29 cents, or 0.4 percent, from their last close
Bahria Foundation to establish RLNG terminal at Sonmiani
Sources revealed the previous government had given go-ahead to the gas pipeline project from Sonmiani to Nawabshah by ISGS on condition that Bahria Foundation conducts the feasibility study as the leader of the project