Last update: Sat, 13 Feb 2016 05am

Fuel and Energy: Pakistan


Private Power Infrastructure Board (PPIB) has sought a firm and unconditional commitment of RLNG supply to the new small Independent Power Plants (IPPs) as per schedule and on the sites to be finalised by the Ministry of Water and Power, sources close to Managing Director PPIB told Business Recorder. GoP has decided to induct new medium-sized (100-250 MW) power plants with R-LNG as fuel having a cumulative capacity of 1000 MW through private investment, based on International Competitive Bidding (ICB).
Licences of all oil and gas companies failing to start exploration work as per their obligations would be revoked, a senior official of Ministry of Petroleum and Natural Resources said. The government, he said, had tightened the noose around non-performing Exploration and Production (E&P) companies, having the licences, and revoked 11 such permits recently, he told APP.
Pesco Chief Executive Officer Anwar ul Haq has directed the installation of electric meters and cable on emergent basis. He issued these directives while presiding over a meeting of the Khyber Circle of the company here at Wapda House, Peshawar. Chief Engineer (Operation) Mohammad Iqbal Marwat, Superintending Engineer, Khyber Circle, Jamal Uddin, DCM, DDT, XEN Khyber, XEN Nowshera City, XEN Nowshera Cantt, XEN Kohat and XEN Hangu attended the meeting.
Speaker National Assembly Sardar Ayaz Sadiq on Friday announced that parliamentary solar system has generated 80 megawatts electricity out of which 62 megawatts were consumed in the Parliament House and the rest surplus production of 18 megawatts was contributed to the national grid. The speaker made this announcement in the Lower House of the Parliament. He said that the project of 'Solar Energy' at the Parliament House was opened alive.
K-Electric's Operation Burq against defaulters and power thieves continues achieving positive results. KE team along with Federal Investigation Agency and Rangers raided 75 areas including Orangi, Lyari, Federal B Area, Clifton, Bahadurabad, Saddar, Garden, Gulshan-e-Iqbal and Liaquatabad.
Prime Minister Nawaz Sharif on Thursday said Pakistan''s economy has witnessed a great economic turnaround and the progress and development was taking the country forward to a bright future at a fast pace. He was addressing the Pakistani community here during his two-day official visit to Qatar. Prime Minister Sharif shared details of his meetings with the Qatari leadership and said they particularly lauded the role of Pakistani community in the development and progress of Qatar.
The management board of Pakistan State Oil (PSO) has approved the state-run oil importer''s entry into and execution of LNG Sale Purchase Agreement (LSPA) with Qatar Liquefied Gas Company Limited2 (QG2). According to a stock filing, the multibillion dollars deal was signed between PSO and QG2 as, respectively, buyer and seller in Doha, Qatar. The 15-year long-term LSPA envisages PSO importing LNG from Qatar at relatively lower price of 13.37 percent of British Brent.