I think this is just window dressing like everything else. First the govt had to pay 400 billion before they start talking. Where will they find the money and even if the do the London Arbitration stays. That means if the don’t like how the proceedings are going the can invoke London Arbitration. I seriuosly think IPPs will take the…
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PESHAWAR: The provincial government has allocated Rs11.652 billion for the ongoing development schemes in the energy and power sector while Rs1.281 billion will be spent on new projects. It was revealed in the 14th meeting of the Board of Directors of Khyber Pakhtunkhwa Hydel Development Fund held here with Chief Minister Mahmood Khan in the chair, said a statement issued…
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ISLAMABAD: Information Minister Shibli Faraz on Saturday said the government would ensure the supply of affordable electricity by 2023 and accused past rulers of signing agreements with independent power producers (IPPs) at high rates for personal gains. “The government is taking practical measures to ensure the availability of electricity at affordable tariff rates,” he said at a news conference, accompanied…
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ISLAMABAD: In a major breakthrough, the government has ultimately managed to earn credit for paving way towards introducing fundamental changes in the Power Purchase Agreements (PPAs) with the IPPs installed under 2002 power policy. This will ensure huge relief for the end consumers and government. However, talks are in final stages with the IPPs installed under 1994 and 2015 power…
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ISLAMABAD: Federal Ombudsman Syed Tahir Shahbaz has directed Ogra, SNGPL and SSGPL to streamline their complaint management system and resolve all public issues on a priority basis by August 20. “Complaints against gas companies have increased by 120% during 2019 and the first six months of 2020,” the ombudsman said while chairing a high-level meeting here on Tuesday. Ogra chairman…
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ISLAMABAD: In another positive development, the Chinese authorities have also indicated to Pakistan’s top notches that they would also review the power purchase agreements (PPAs) of the independent power producers (IPPs) installed under China Pakistan Economic Corridor (CPEC) umbrella keeping in view the rising circular debt and other power sector financial woes adversely impacting the country’s economy, a senior top…
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The Pakistan International Airlines while actively contributing in the Clean and Green Pakistan initiative of the government is planting 50,000 trees in the current year alone across its different stations in the country. This was disclosed by Muhammad Shoaib, company secretary PIA, while speaking at a tree plantation ceremony at PIA Township to mark the 74 Independence Day of Pakistan.…
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Tankers carrying Iranian fuel cargoes covered by a U.S. warrant for seizure are sailing to the United States after talks between U.S. authorities and ship owners, a U.S. government source and a shipping source said on Thursday. Iran had planned to transport the gasoline to Venezuela, a supply line that both Tehran and Caracas have flaunted in defiance of U.S.…
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The Indian government has directed state-controlled oil companies to register the use of any vessels belonging to bordering countries, in its latest move to curb trade relations with China. All such vessel charters must be registered with India’s Department for Promotion of Industry and Internal Trade (DPIIT). The directive applies equally to shipping firms owned by Pakistan and Nepal —…
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ISLAMABAD: The government has collected about 43 per cent higher petroleum levy on oil products during the fiscal year ending on June 30, 2020 as compared to the previous year despite 13pc to 20pc reduction in local production and 25pc drop in import of major products. The data released by the finance ministry has reported Rs294 billion collection through petroleum…
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