KARACHI: The government has decided not to include cross-subsidy and stranded costs into the electricity wheeling charges on industrial connections, it was learnt on Tuesday. This will promote healthy competition and pressurise distribution companies to improve their performance. Nepra said imposition of such costs would not only discourage wheeling regime in Pakistan but at the same time would also provide…
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KARACHI: Byco Petroleum Pakistan Limited, Pakistan’s largest oil refining company, reached a key milestone in its Upgrade 1 project by beginning civil works construction on January 9, 2021 at the site earmarked at its refining complex for the construction of the project. In an Extraordinary General Meeting held on April 2, 2020, Byco had announced its plans to upgrade its…
Read MoreISLAMABAD: In a historic first, Pakistan allows its private sector to import Liquefied Natural Gas (LNG) as the oil and gas regulatory body has Tuesday issued import licenses to at least two companies, ARY News reported. Pakistan’s Oil and Gas Regulatory Authority (OGRA) has reportedly issued today 10-year term LNG importing licenses to at least two private sector companies. The…
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Hydrogen holds hope for many nations as they seek to implement the Paris Agreement and its decarbonisation targets. Pakistan has recognised the potential also. There are several properties that make hydrogen an excellent energy vector and its deployment is complimentary to an energy mix that is high in renewables. Generation of electrical power from renewable sources such as wind, solar…
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For the fifth month running in FY21, the monthly Fuel Cost Adjustment (FCA) allowed by the regulator has fallen short of what was requested by the Central Power Purchasing Agency (CPPA). On the surface, this totals to a disallowance of Rs15 billion in five months and may not look a great deal. But as is the case with most things…
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KARACHI: While Chief Minister Syed Murad Ali Shah blamed the federal government for an acute gas shortage as well as plundering the province’s resources, Energy Minister Imtiaz Shaikh told the Sindh Assembly on Tuesday that the province would run out of natural gas in the next 12 years. Tuesday’s proceedings witnessed uproar and a chaotic situation when Speaker Agha Siraj…
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ISLAMABAD: Special Assistant to PM on Power Tabish Gauhar, who earlier tendered the resignation, is back at work after meeting with Prime Minister Imran Khan here on Tuesday. In the meeting, the prime minister refused to accept his resignation, assuring Tabish Gauhar his full support against the power sector’s unscrupulous elements. The premier extended his all-out support to Tabish for…
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ISLAMABAD: Overriding all objections from some private companies, the Oil & Gas Regulatory Authority (Ogra) on Tuesday granted marketing licences to Energas and Tabeer Energy for sale of regasified-liquefied natural gas (RLNG) to their customers. The licences would be valid for 10 years, starting Jan 8, 2021. Both applicants are stated to have their own customers in the private sector…
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The coldest winter in China since 1966 has sent coal and gas prices soaring as power demand surges. Gas prices hit a three-year high, Bloomberg reported, while coal prices ticked up by 4 percent this week. Reuters noted that despite record liquefied natural gas imports, the cold spell caused a supply crunch. China went on an LNG-buying spree last year…
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ISLAMABAD: In a new development, as many as six important IPPs have asked the MoU Implementation Committee, headed by Federal Minister for Finance and Revenue Dr Hafeez Shaikh, to constitute an experts panel headed by a Supreme Court judge to look into the charges if they have made excess profit of Rs53 billion. They urged the government not to send…
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