ISLAMABAD: The liquefied natural gas (LNG) supply defaults last week by two foreign state-owned companies — Enoc and SOCAR — came as a blessing in disguise to Pakistan as two urgent replacement tenders for February fetched about 16-18 per cent cheaper rates as international market plunged. The urgent tender floated by state-run Pakistan LNG Limited (PLL) for second half of…
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The Pakistan Tehreek-e-Insaf (PTI) government announced on Thursday Rs1.95 hike in the power tariff, which it blamed on the agreements made by the previous government with “bad-intentions and corrupt practices”. At a joint press conference with Planning Minister Asad Umar and Special Assistant to Prime Minister on Power Tabish Gauhar, Energy Minister Omer Ayub Khan said the government had paid…
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The federal government and K-Electric are putting in place required infrastructure and new generators to lift power supply by 40%, or 900 megawatts, to the city of ports, parts of upper Sindh and Balochistan ahead of the forthcoming summer season. Ongoing efforts to reduce prolonged power outages during sweltering heat may, however, be partly jeopardised. The power utility has expressed…
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The Privatisation Commission (PC) board on Thursday could not take decision on privatisation of power distribution companies due to Ministry of Energy’s failure to improve the poor condition of these companies over the past two and a half years. The Power Division has shown its inability to even prepare a roadmap for the privatisation of power distribution companies, saying it…
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Amid a rising circular debt, the Cabinet Committee on Energy (CCOE) has approved the disconnection of gas supply to industrial units for self-generation of electricity through captive power plants (CPPs) in a bid to divert gas to production of cheaper electricity. The disconnection of gas supply to industrial units will result in diversion of 150 million cubic feet per day…
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ISLAMABAD: The State Bank of Pakistan (SBP) has received requests for Rs610.2 billion until Jan 7 under the Temporary Economic Refinance Facility (TERF) for setting up of new industrial units in order to support sustainable economic growth. Of the requested amount, the approved financing has reached Rs293.5bn under TERF during the end-April to June 7, 2021 period, Commerce Adviser Razak…
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K-Electric’s flagship 900 MW power plant, BQPS-III is progressing on fast track and the Gas Turbine, Generator and Heat Recovery Boiler for the first unit of 450 MW have arrived at the power utility’s Bin Qasim Power Complex. Steam Turbine and Transformers for the first unit are on the way to the site. All relevant civil works are progressing swiftly…
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Foreign Minister Shah Mehmood Qureshi on Thursday announced that China has promised to provide 500,000 doses of a coronavirus vaccine to Pakistan by January 31. In a video message after a phone call with his Chinese counterpart Wang Yi, Qureshi said China offered Islamabad to send an airplane and airlift the vaccines. The minister said he held a detailed conversation…
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The Oil and Gas Regulatory Authority (OGRA) has announced the resumption of issuing CNG licences 12 years after the Authority first slapped a ban on the practice, reported 24NewsHD TV channel. The Ogra got published advertisements in the newspapers asking citizens to apply for CNG licences to be run on RNLG.
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KARACHI: K-Electric’s flagship 900-MW power plant, BQPS-III is progressing on fast track and the gas turbine, generator and heat recovery boiler for the first unit of 450-MW has arrived at the power utility’s Bin Qasim Power Complex, said KE’s CEO Moonis Alvi here at a press briefing. Steam Turbine and Transformers for the first unit are on the way to…
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