Over commitment to energy projects might prove to be very expensive: LUMS
A report on Pakistan’s Electricity Outlook 2020-25 prepared by Lahore University of Management Sciences Energy Institute suggests that average per kWh electricity generation cost in the country will increase from Rs10.87 in FY2018-19 to Rs12 in FY2024-25, showing a 10 percent increase in just six years and a 67 percent increase since FY2015-16. Director LUMS […]
EETL and Excelerate to work on LNG terminal expansion
Engro Elengy Terminal (EETL) has signed a Heads of Agreement (HoA) with an American firm Excelerate Energy for the expansion of the EETL Liquefied Natural Gas (LNG) import terminal located in Port Qasim, Pakistan. Under the agreement, Excelerate will exchange its existing Floating Storage and Re-gasification Unit (FSRU) Exquisite with a new build FSRU, Hull […]
Thar coal project worth $497 million achieves financial closing
The documents for the financial closing of 330MW mine-mouth lignite coal power project at Thar Block-II were signed by Managing Director of Private Power & Infrastructure Board (PPIB) Shah Jahan Mirza and Thar Energy Ltd (TEL) chief executive Saleemullah Memon. Energy Minister Omar Ayub Khan was also present on the occasion. The project will be […]