Federal Minister for Water and Power, Raja Pervez Ashraf has said that the government would facilitate and provide investor friendly environment to the Chinese companies in Pakistan. He said that the Chinese interest to invest in the hydel and wind power generation projects would help meet countrys future power requirements at affordable prices.

Pakistan has urged Iraqi oil and gas exploration companies to enter into joint ventures with Pakistan Petroleum Limited (PPL) and the Oil and Gas Development Company Limited (OGDCL) to explore oil and gas reserves in this country.

The National Electric Power Authority (Nepra) has announced simplification of licencing procedures and a major cut in the licence fee for small scale renewable energy projects.

Participants of a multi-topic international symposium have overwhelmingly demanded reversal of the Karachi Electric Supply Company (KESC) privatisation, observing that the private management has failed to enhance the utility

New petroleum policy would help bring positive changes in the energy sector, enabling the country to meet the growing demand of oil and gas by achieving autarky in this sector, renowned expert on energy, Dr Gulfaraz Ahmed said on Thursday.

National Electric Power Authority (Nepra) has announced simplification of license procedures and a major cut in the license fee for small scale renewable energy projects. Private investors intending to set up renewable energy projects with power generation capacity of 500KW would now be required to pay Rs 24,000 while applying for generation licence.

The federal cabinet has approved the Pakistan-Iran gas pipeline project under which Pakistan will import a billion cubic feet of gas for power generation in the country.

The government of NWFP is likely to sell the 18-mega watt electricity of the under construction Pehur Hydro Power Project (PHPP), District Swabi to private sector, sources told Business Recorder on Wednesday. The matter had been discussed in a meeting of Provincial Committee on Investment (PCOI), headed by the Chief Minister NWFP.

The Karachi Electric Supply Company (KESC) has failed to improve the power situation in the metropolis since its privatisation. To meet the immediate need of power for Karachi the company should install "barge mounted power plants", which can be secured and inducted in the grid system without any serious difficulty.

The plan, expected to be approved by Prime Minister Yousuf Raza Gilani soon, contains several suggestions contrary to government policies, like allowing import of second-hand refineries and offering them a tax holiday.