Energy

In a historic move, the government has reduced the electricity tariff for electric vehicle (EV) charging stations from Rs 71 to 39.70 per unit, marking a 44% reduction. This groundbreaking initiative, spearheaded by the Power Division under the National Energy Conservation Authority (NEECA), has also introduced new regulations for establishing …

The federal cabinet, chaired by Prime Minister Shehbaz Sharif, has approved revised agreements with 14 Independent Power Producers (IPPs), potentially reducing electricity prices by up to Rs11 per unit. Based on the Power Division’s recommendations, the cabinet endorsed renegotiated contracts with these IPPs, leading to a reduction of Rs802 billion …

The Government has approved a new system to provide electricity at a uniform tariff for Special Economic Zones (SEZs) and Industrial Estates to boost industrial development across the country. The approval was granted during a Cabinet Committee on Energy meeting held in Islamabad under the chairmanship of Prime Minister Shehbaz …

The Board of Directors of Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest Exploration and Production (E&P) company, has reappointed Ahmed Hayat Lak as the Managing Director and Chief Executive Officer (CEO) for a term of three years. The listed E&P company informed the Pakistan Stock Exchange (PSX) of …

The officials of the National Electric Power Regulatory Authority (NEPRA) have revealed that the imposition of fixed charges on consumers aims to cover capacity payments, which currently stand at an annual figure of Rs 2 trillion. In a meeting of the National Assembly’s Standing Committee on Power, chaired by Muhammad …

Federal Minister for Power, Awais Leghari, announced that the privatization of the electricity distribution system is in progress, and by 2025, the government will no longer manage the buying and selling of electricity. Addressing a press conference in Islamabad, the minister highlighted that electricity trading between consumers and companies at …

The recent claims regarding the closure of indigenous gas fields in favor of imported RLNG require clarification. The gas was closed in some part of December when Power was not off taking RLNG per its demand. All the gas producing fields are OPEN and producing gas per optimum production. Power …

The Oil and Gas Regulatory Authority (OGRA) has approved an increase in gas prices for the current fiscal year. According to OGRA’s decision, an 8.71% increase has been approved for consumers on the Sui Northern Gas Pipelines Limited (SNGPL) network, while a 25.78% increase has been approved for consumers of …

ISLAMABAD: After getting hundreds of billions of rupees in subsidy from the government, to offset the impact of its high energy cost, K-Electric has once again sought the NEPRA nod for the transfer of its Rs 68.85 billion losses to the government or electricity consumers.In their written comments and during …

Aftab Maken The Federal Minister for Petroleum, Dr. Musadik Malik, is currently facing intense scrutiny from influential quarters in Islamabad for a variety of reasons linked to his leadership of the ministry. The recent transfer of an additional secretary from the ministry has further escalated the situation, turning an already …