The National Electric Power Regulatory Authority (Nepra) on Wednesday increased power tariff by Rs1.53 per unit on account of monthly fuel charges adjustment (FCA) for December 2020. The increase will be applicable to consumers of all power distribution companies, except for K-Electric. The power distribution companies would collect the amount from consumers in the bills for February 2021. The regulator…
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ISLAMABAD: Rejecting a request for 123 per cent increase, the Oil & Gas Regulatory Authority (Ogra) on Wednesday allowed Rs13.42 per unit (2pc) raise in the prescribed price for Lahore-based Sui Northern Gas Pipelines Ltd (SNGPL). The increase was determined on the request of gas utility on the basis of its estimated revenue requirement (ERR) for 2020-21. The regulator said…
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Says talks with banks under way to double their debt repayment tenure with IPPs• Four Discos to be given to private sector to curtail losses ISLAMABAD: The government on Wednesday said the National Accountability Bureau (NAB), National Electric Power Regulatory Authority (Nepra) or Securities and Exchange Commission of Pakistan (SECP) would be free to proceed against independent power producers (IPPs)…
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The Sindh government has decided to set up a 200-megawatt power plant based on solid civic waste as primary fuel in Karachi as the city of ports generates around 8,000 tons of waste every day. The decision was taken at a meeting chaired by Sindh Minister for Local Government, Information, Religious Affairs and Forests Syed Nasir Hussain Shah and Sindh…
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LAHORE: Pakistan LNG Limited (PLL) has warned the Ministry of Energy (MoE) of massive disruption in the liquefied natural gas supply chain in near future if Rs6.5 billion payments are not released by the Sui Northern Gas Pipelines Limited (SNGPL). The PLL, which already defaulted with the United Bank Limited (UBL) for LNG supply payment last week, has in a…
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THE government has extracted concessions worth several hundred billion rupees in future payments to the 47 independent power producers (IPPs) set up between 1990 and 2013 by forcing their hand but the ‘deal’ has left a bad taste in the mouths of their investors. The government has secured the lucrative deal in exchange for promises of payment of Rs403 billion…
Read MoreThe Cabinet Committee on Energy (CCOE) has approved a report of the sub-committee that recommended the allocation of pipeline capacity for liquefied natural gas (LNG) imports on a three-month rolling basis. A meeting of the cabinet body was held under the chairmanship of Federal Minister for Planning, Development and Special Initiatives Asad Umar on Monday. The CCOE approved the report…
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ISLAMABAD: In the latest development, Chinese company Pak Matiari- Lahore Transmission Company (PMLTC), which completed ±660kV Matiari-Lahore HVDC Transmission Project with investment of $2.2 billion in two years time, has threatened to move the international arbitration court against the government-owned company National Transmission Dispatch Company (NTDC) for creating hurdles in the commissioning of the project. The Chinese company has asked…
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KARACHI: The Thar Coal Block-1 project, which is an important part of China Pakistan Economic Corridor (CPEC), is making rapid progress despite all odds, says a top official. At the office relocation ceremony of Sino Sindh Resources Private Limited (SSRL), Li Jigen, Chief Operating Officer of SSRL, a subsidiary of Shanghai Electric, said that despite the Covid-19 pandemic and other…
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ISLAMABAD (Web Desk) – Special Assistant to Prime Minister (SAPM) on Petroleum Nadeem Babar has said that the government has made significant progress towards energy reforms despite challenges caused by the COVID-19 Pandemic. He said this during a virtual meeting with Asian Development Bank team in Manila. The Special Assistant informed the forum that government has prepared framework of regulatory…
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