ISLAMABAD: A team of the Oil and Gas Regulatory Authority (OGRA) has initiated on-site audit of the Sui Northern Gas Pipeline Limited (SNGPL) for the first time. Member Gas Muhammad Arif along with OGRA experts visited the SNGPL where they studied internal business control, systems and procedures adopted by the SNGPL relating to the regulated activity. The team reviewed and…
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More than its quasi-judicial muscle, the power-sector regulator has started operating through backchannels to challenge the bureaucracy’s entrenched practices that have resulted in a black hole of more than 30pc in electricity generation through transmission, distribution and cost recovery. In February this year, a team of the National Electric Power Regulatory Authority (Nepra) led by its top officials reached out…
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Cricket legend Shahid Afridi has appealed to the Sindh Government to join hands with him in his drive called “Educate a Child”. The famous cricketer turned philanthropist made this appeal in a joint statement along with Zahid Saeed who is the CEO of his partner charity Green Crescent Trust (GCT) The SAF has been running the eight charitable school in…
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ISLAMABAD: Overruling the petroleum division’s objections to looming losses to its companies, the federal cabinet has approved doing away with the condition of “minimum 66 per cent take-or-pay commitment of RLNG (re-gasified liquefied natural gas) for three Punjab-based mega power plants” to earn better privatisation proceeds and scale down power sector liabilities of over Rs2.15 trillion. The petroleum division has…
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Only Honda Atlas Cars has been rolling out Euro IV vehicles. Others, including bike assemblers, have been making Euro II vehicles on the excuse that refineries are still producing Euro II fuels. Pakistan has banned imports of petroleum diesel of less than Euro V standard with effect from Aug 1 and Jan 1, 2021, respectively. The shift to higher-standard fuels…
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ISLAMABAD: The Petroleum Division (PD) has planned to auction 27 new Exploration and Production (E&P) blocks for stepping up oil and gas drilling activities in different hydrocarbon potential areas of the country. “The advertisement for the award of 20 E&P blocks will be given in the first week of October, while seven offshore blocks will be offered in December,” a senior…
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When the government first announced that it had renegotiated contracts with independent power producers (IPPs) that it deemed excessively favourable to the power companies, it was almost uniformly hailed as a successful policy achievement. There seemed to be a general consensus that electricity generation in Pakistan was too expensive (it is), and that the supposedly excessive profits of the industry…
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LAHORE: The cost of electricity from a biomass-to-electricity power plant is less than solar and wind power plants, said Pakistan Electric Power Company (PEPCO) sources. They said the Levelized Cost of Electricity (LCOE) for biomass fuelled power plant as determined by NEPRA is approximately US cents 8.28/kWhr and those for coal, RNLG, wind, and solar power plant are US cents…
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KARACHI: Engro Energy Limited CEO Ahsan Zafar Syed estimates that if the DISCO operations are not improved, the inefficiencies in country’s energy sector will take the circular debt to approximately Rs 4 trillion by 2025. He was speaking at the online Corporate Pakistan Group (CPG) Dialogue, organized under the topic ‘Fixing Pakistan’s Power Sector,’ on Friday. The speakers at the…
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ISLAMABAD: Prime Minister Imran Khan has directed Privatisation Commission (PC) to move a summary to the Economic Coordination Committee (ECC) of the Cabinet on issuance of National Security Certificate (NSC) for KE transaction and future line of action, well informed sources told Business Recorder. These instructions were issued by the Prime Minister on September 16, 2020 at a meeting held…
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