The government will give 10 percent deemed duty to the oil refineries, placing upper cap at 80 dollars and lower cap of 50 dollars per barrel of crude oil in revised formula to upgrade the petroleum products meeting international standards. Advisor to Prime Minister on Petroleum and Natural Resources Dr Asim Hussain confirmed during a press conference here on Thursday.

The private sector companies of Britain are considering to invest in high potential power generation sector in Pakistan to help overcome countrys energy crisis, British High Commissioner in Islamabad, Robert Brinkley said on Friday.

Pakistan and Germany on Friday discussed the possibilities of funding eight ongoing and new hydropower projects worth billions of dollars, official sources told Business Recorder on Friday. These projects came under consideration at a meeting between visiting German Minister for Economic Co-operation and Development Heidemaire Wiegoreak Zeul and Prime Ministers Advisor on Finance Shaukat Tarin.

The Sixth Engineering Asia and Third Power and Alternative Energy Asia exhibitions simultaneously with Third International Conference on Alternative Energy and Power will be held from March 28-30 at Expo Center Karachi.

Water in all major reservoirs of the country is still at dead level despite heavy showers across the country in the last few days.

Karachi Electric Supply Company (KESC) Wednesday signed an agreement with ABB, a Japanese firm to help the consumers for electricity conservancy to minimise the ever-increasing power demand in the metropolis.

Pakistan contributes little to greenhouse gas emission and global climate change. Its total energy-related carbon dioxide emission, measure about 100 million tons, out of which, 46 percent is from oil-related emissions, 45 percent from gas and 9 percent from coal, an Asian Development Bank Study report said.

Advisor to Prime Minister on Petroleum and Natural Resources Dr Asim Hussain on Wednesday said that Pakistan is vigorously pursuing TAPI (Turkmenistan-Afghanistan-Pakistan and India) gas pipeline and other gas import projects to meet the growing energy demand of the country.

BEIJING (March 25 2009): A foreign banks consortium, comprising BNP Paribas, HSBC Bank plc, the Export-Import Bank of China, has signed a Sinosure buyer credit facility agreement of 150.151 million dollar with Northern Power Generation Company Limited for construction of 425 MW combined cycle power project at Nandipur, Finance Director of the company Ijaz A. Babar told APP.

To Pakistan with love: UAE will donate a 320 mw power plant to Pakistan to help tackle the energy crisis in the country. Pakistan has been facing 12 hour-long power cuts. Pakistan