Neelum Jhelum Hydel Power Station to resume generation by July
Neelum Jhelum Hydel Power Station is likely to resume electricity generation by the end of July as hectic efforts are underway to complete the remedial works being carried out in the tail race tunnel of the project. This was the crux of the briefing given to Chairman WAPDA Engr Lt Gen (Retd) Sajjad Ghani by…
Adil Aziz
Denmark to cooperate Pakistan in developing green energy infrastructure
Foreign Minister Bilawal Bhutto Zardari and Danish Minister for Development Cooperation and Global Climate Policy Dan Jorgensen agreed to enhance cooperation in building climate-resilient green energy infrastructure including wind energy to overcome the challenge of climate change and to resolve energy problems in Pakistan. Talking to the media here after exchanging Joint Action Plan under…
Azerbaijan to send LNG cargoes to Pakistan from next month
Azerbaijan will start sending cargo containers of Liquified Natural Gas (LNG) to Pakistan from next month. This is the second major achievement for Pakistan towards fulfillment of energy needs after recently receiving the shipment of crude oil from Russia. During the meeting, PM Sharif informed the Azeri president that the federal cabinet had approved receiving…
ECC allows PPL to execute proposed framework agreement with SOCAR
The Economic Coordination Committee (ECC) of the Cabinet after a detailed discussion allowed Pakistan LNG Limited (PLL) to execute the proposed framework agreement with the State Oil Company of Azerbaijan Republic (SOCAR) Trading. The ECC, which met here with Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar in chair, considered a summary of…
Relief for masses on cards as Russian crude oil arrived in Pakistan: Musadik Malik
Minister of State for Petroleum Musadik Malik said the deal struck by Pakistan with Russia for crude oil import would help the government pass on financial relief to the masses who had been bearing brunt of inflation stemmed from the previous government’s flawed economic policies. “This is the history since it is the first time…
Pakistan PM says first discounted Russian crude oil cargo arrives in Karachi
PAKISTAN’S Prime Minister Shehbaz Sharif on Sunday (Jun 11) said the first cargo of discounted Russian crude oil arranged under a new deal struck between Islamabad and Moscow had arrived in Karachi. “Glad to announce that the first Russian discounted crude oil cargo has arrived in Karachi and will begin oil discharge tomorrow,” Sharif tweeted….
Govt specifies Rs 107,413 Million for power sector in PSDP 2023-24
The government has earmarked a sum of Rs 107413.044 million for various ongoing and new schemes of the power sector in the Public Sector Development Programme (PSDP) for the financial year 2023-24. According to the budgetary document, out of the total allocation, the government allocated Rs 81,774.431 million from the local component while Rs 25,638.613…
TAPI project to strengthen energy security of Pakistan, region: PM
The prime minister, in a meeting with a high ranking delegation from Turkmenistan, said the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas project was manifestation of Pakistan-Turkmenistan strategic cooperation in the energy sector. The delegation was headed by State Minister and Head of TurkmenGaz Maksat Babayev. Welcoming the delegation, the prime minister said Pakistan and Turkmenistan enjoyed brotherly relations…
Oil rises on Saudi plan to deepen output cuts from July
OIL prices rose after the world’s top exporter Saudi Arabia pledged to cut production by a further 1 million barrels per day (bpd) from July to counter macroeconomic headwinds that have depressed markets. Brent crude futures settled up 58 cents at US$76.71 a barrel, after touching a session high of US$78.73. US West Texas Intermediate…
Thar coal can ensure Pakistan’s energy security alone: CEO SECMC
Chief Executive Officer (CEO) Sindh Engro Coal Mining Company (SECMC) Amir Iqbal has said that Thar coal alone can ensure the energy security of Pakistan besides reducing power tariffs significantly. He said that unlocking indigenous Thar coal reserves could generate approximately 100,000 megawatts (MW) electricity for the next 250 years. Coal was considered a cheap…