K-Electric (K-E) has sought a national policy from the regulator to sell power at a comparatively higher price to the people residing in areas where line losses and theft through illegal connections (Kundas) are high and recoveries through monthly billing stand low. The company demanded the policy from the National Electric Power Regulatory Authority (Nepra) ahead of the scheduled end…
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Special Assistant to the Prime Minister on Energy and Petroleum Tabish Gauhar, in a letter addressed to Energy Minister Hammad Azhar, has urged that strategies be chalked out and “holistic and structural reforms” made to address energy sector challenges. The four-page letter titled “Beyond The Fire Fighting – Proposed Strategic Workstreams In The Energy Sector”, a copy of which is…
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Reporting about 20 per cent increase in peak summer electricity demand, the government on Wednesday sought approval for an approximately $400 million energy sector loan by the World Bank (WB) by end-September. A senior government official told Dawn that a meeting of WB’s Board of Directors is expected on September 27 and the authorities are making efforts to address outstanding…
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Taking some corrective measures in procurement of Liquefied Natural Gas (LNG), the government on Wednesday ordered its two entities — Pakistan State Oil and Pakistan LNG Ltd — to make public disclosure of bidding results in a timely manner to ensure transparency. “Both the entities are advised to publish the results of the procurement decisions within 24 hours on their…
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Motor Gasoline (Mogas) recorded highest-ever sale of 0.81 million tons in July 2021, which is 14 percent higher on year-on-year basis. This is 7 percent higher on month-on-month basis. This was on the back of rising car sales and increased demand from people travelling up North, analysts said. Furnace Oil (FO) sales also witnessed an increase of 54 percent on…
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he government has charged almost $2,960,000 (Rs473 million) illegally from LNG consumers in the last seven months in the name of margin of PLTL (Pakistan LNG Terminal Limited) despite its merger into Pakistan LNG Limited (PLL) on Jan 1, 2021. The PLTL Board of Directors has been abolished and there is no MD (Managing director) and CFO (Chief Financial Officer)…
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Financial firms, including British insurer Prudential, lenders Citi and HSBC and BlackRock Real Assets are devising plans to speed up the closure of Asia’s coal-fired power plants in order to reduce the biggest source of carbon emissions, five people with knowledge of the initiative said. The novel proposal, which is being driven by the Asian Development Bank, offers a potentially…
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Marine minerals are coming under sharp focus offshore Norway. Analysts suggest it could be a $20 billion annual revenue industry by 2050, which is why many are taking an interest and developing the technology to make it happen. Marine mineral mining has been something of a slow burner in the wider marine world. It has some clear challenges, not least…
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Khyber Pakhtunkhwa’s four 244.4 MW renewable and cheap electricity hydropower projects are stalled due to negligence of the Ministry of Energy (Power Division) and PESCO for the last three years. The projects are pending due to non-approval, notification, import certificates, and purchase agreement. Similarly, Pakhtunkhwa Energy and Development Organisation (PEDO) has an arrear of Rs7,147.604 million in electricity sales to…
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The National Electric Power Regulatory Authority (Nepra) has reserved its decision on the requests of K-Electric to increase tariff by Rs6.52 per unit on account of quarterly and monthly adjustments. However, it sought to reduce tariff by Rs1.50 per unit. The Karachi-based power utility had requested to allow an increase of around 37 paisa per unit in its normal tariff…
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