12092016Fri
Last update: Fri, 09 Dec 2016 12pm

Fuel and Energy: Pakistan

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Apropos the news items circulating in various sections of national media about Competition Commission of Pakistan (CCP) imposing penalty on PSO on an alleged complaint of deceptive marketing, PSO would like to clarify that the issue under consideration requires retrospective implementation, as PSO has already discontinued its Premier XL brand and is already in the process of introducing new brand for diesel. PSO is considering to challenge the CCP's order, for which its legal team is currently reviewing the matter.
Chairman Liquefied Petroleum Gas (LPG) Distributors Association Pakistan, Irfan Khokhar and Minister for Petroleum and Natural Resources, Shahid Khaqan Abbasi have agreed to feasible the import of in order to provide consumers with cheap gas. In a statement issued here on Thursday, Irfan Khokhar said, "The Minister Petroleum has ensured to cut off tax on import of LPG for which I am thankful to him." "It's our priority to provide economic gas to LPG consumers," he added.
Neelum-Jhelum hydropower project would start generation of electricity on January 30, 2017. Chairman National Assembly Standing Committee on Planning Development and Reforms, Abdul Majeed Khan told this to Business Recorder here on Thursday. The chairman said the committee during its second day visit examined various sections of the Neelum-Jhelum hydropower project. He said that work on the project is in the completion stage. He said the project director and engineers have assured the committee that work would be completed by the end of December.
Water and Power Development Authority (WAPDA) has indicated further increase in the cost of Neelum-Jhelum Hydropower Project by 23.6 per cent (Rs 95 billion) to Rs 500 billion from Rs 404.331 billion estimated in 2015, sources close to Chairman WAPDA told Business Recorder.
China's Shanghai Electric plans to spend $9 billion overhauling electricity infrastructure in Karachi, a minister told AFP, just months after the multinational revealed it was buying a Pakistan power company. China is ramping up investment in its South Asian neighbour as part of a $46 billion project unveiled last year that will link its far-western Xinjiang region to Gwadar port with a series of infrastructure, power and transport upgrades.
German Ambassador to Pakistan Ina Lepel said that Germany has always considered Pakistan as its important ally in South Asia and would boost co-operation in energy sector of the country. This was stated on Tuesday during her visit to 500 kV Grid Station Nokhar near Gujranwala, a project of National Transmission and Despatch Company Limited (NTDC), completed earlier with funding of German Bank. Ina Lepel was flanked with First Secretary Sabastian Ernest and KfW team comprising of Dr Flank Albert, Wolfgang Moellers and Dr Parvaiz Naim.
Pakistan Petroleum Limited (PPL) has achieved a major milestone in November with net PPL production once again crossing the 1 bcfe/day-mark, resulting in an overall production increase of more than 10 percent during the current year as compared to 2014-2015. This has been made possible largely due to the company's structural reorganisation to an asset-based hybrid set-up in mid-2015, enabling renewed focus to optimise reserve replacement and production from mature assets and fields.