Category Archives: Energy

Work on Pakistan’s biggest hydropower project kicked off

Work on Pakistan’s biggest hydropower project kicked off

DASU: Prime Minister Muhammad Nawaz Sharif performed the ground-breaking ceremony of the 4320 (MW) Dasu  Hydro-Power Project here on Wednesday. Speaking at the ceremony, the Prime Minister termed it  a historic day not only for Pakistan but also for the ...

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Gas pipeline top on Sharifs Iran agenda

Gas pipeline top on Sharifs Iran agenda

Pakistan prime minister begins Iran visit today as government issues force majeure.  The government has issued a ‘force majeure and excusing event notice’ regarding the Iran-Pakistan gas pipeline project to stave off hefty fines by citing  threat of American sanctions ...

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PSO to buy 100,000 mt of 87 RON gasoline for Mar at higher premium

PSO to buy 100,000 mt of 87 RON gasoline for Mar at higher premium

State-owned retailer Pakistan State Oil is set to buy a total 100,000 mt of 87 RON gasoline for March from European trading house Gunvor at a premium higher than its last purchases, a source close to the matter said Monday. ...

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ADB provides $900 mln for Jamshoro Power Project

ADB provides $900 mln for Jamshoro Power Project

ISLAMABAD: Pakistan and Asian Development Bank (ADB) here Wednesday signed a loan agreement under which the bank would provide US$ 900 million for Jamshoro coal-fired power generation plant. The loan agreement was signed by the Secretary, Economic Affairs Division Nargis ...

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FIA detects over Rs 2.7 billion power, gas theft

FIA detects over Rs 2.7 billion power, gas theft

The Federal Investigation Agency (FIA) has detected electricity and gas theft amounting to Rs 2.78 billion and arrested 648 people in 676 cases during the ongoing crackdown against power and gas pilferers across the country. A senior FIA official told ...

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Nepra approves hike in power tariff by 27 paisa per unit

Nepra approves hike in power tariff by 27 paisa per unit

A notification of new increased power prices has been issued by the Nepra. The National Electric Power Regulatory Authority (Nepra) approved on Thursday an increase of 27 paisa per unit in the electricity tariff on account of fuel adjustment for ...

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Iran to Supply 1,000 MW to Pakistan

Iran to Supply 1,000 MW to Pakistan

FNA TEHRAN: Iran and Pakistan are set to sign an initial deal for the supply of 1,000 megawatts of electricity to overcome the crippling energy crisis in Pakistan. Sources told Express Tribune that Pakistan’s Ministry of Water and Power was ...

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China commits $6.5bn loan for N-power plants in Karachi

China commits $6.5bn loan for N-power plants in Karachi

REUTERS ISLAMABAD: China has committed $6.5billion to finance the construction of a major nuclear power project in the port city of Karachi as it seeks to strengthen ties with its strategic partner, Pakistani officials said. Prime Minister Nawaz Sharif broke ...

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IHC suspends govt order to close CNG stations in Punjab

IHC suspends govt order to close CNG stations in Punjab

ISLAMABAD: The Islamabad High Court (IHC) on Monday issued a written order regarding the Compressed Natural Gas (CNG) case. The written order calls for the suspension of the government’s order to shut down CNG stations in Punjab for three months, stating that CNG ...

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Iran cancels $500m loan to Pakistan for gas pipeline project

Iran cancels $500m loan to Pakistan for gas pipeline project

AP Iran says it has canceled a planned $500 million loan to Pakistan to build part of a pipeline to bring natural gas from Iran. Deputy Oil Minister Ali Majedi says Iran has no obligation to finance the Pakistani side ...

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