Pakistan to Start Receiving Oil from Saudi Arabia on Credit Facility Next Month

As part of the Saudi financial package aimed at baling Pakistan out of its current financial crisis, the country is expected to start receiving oil from the Kingdom on deferred payment in January. Media reports said that the agreement regarding the facility has been completed and a revised draft has been sent to Riyadh for …

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Sindh energy dept resolves to address investor concerns on wind energy projects

The Sindh government has held out the firm assurance that it could do its best to resolve, in the shortest possible time, the key issues of investors doing wind energy projects in the province to prove that Pakistan is fully capable of utilising its massive potential to generate clean electricity through renewable energy means. The …

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Pakistan on the verge of becoming one of the top 10 oil producing countries in the world

Islamabad – We may be on the verge of discovering massive oil reserves in Pakistan, according to the caretaker minister for maritime and foreign affairs, Abdullah Hussain. Mr. Hussain mentioned that ExxonMobil, the US-based energy company, is on the verge of discovering huge oil reserves close to the Pakistan-Iran border, which may be even bigger …

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Karot Hydropower station to be completed by 2021

Work on the 720 Mega Watt Karot Hydropower Station is going on smoothly and the project is likely to be completed by end of 2021. The project which is a part of China Pakistan Economic Corridor (CPEC) is to be completed at a cost of US$1420 million. According to official sources, the land acquisition award …

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40 MW waste to energy plant approved in Lahore

In line with its efforts to promote renewable and indigenous resources for power generation, Pakistan’s National Electric Power Regulatory Authority (NEPRA) has approved the development of a 40 MW waste to energy plant. The authority has granted a generation licence to Lahore Xingzhong Renewable Energy Company (Private) Limited to construct the waste to energy power …

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