The Cabinet Committee on Energy (CCOE) will decide in the next 72 hours to either delay shut down of Engro LNG Terminal by pending the dry docking of FSRU (Floating Storage Regasification Unit) for one and a half or two months or go as per plan after having opinion of Law Division, Secretary Petroleum Dr Arshad Mehmood, told The News.…
Read MoreYear: 2021
CNG stations may get no gas as crisis worsens
The gas crisis in the country has worsened as Sui Southern Gas Company (SSGC) has decided to disconnect supply to CNG stations and industrial units. According to sources privy to the matter, two gas fields in the Sindh province, Kunnar Pasakhi and Gambat gas fields have been shut for repair works, worsening the already strained supply. “The SSGC after the…
Read MoreKarachi industry seeks restoration of gas supply
Industrial activities come to a standstill in the financial hub of the country due to suspension of gas supply by the Sui Southern Gas Company (SSGC), which may affect industry to meet export orders. Site Association of Industry (SAI) President Abdul Hadi expressing concern over the non-supply of gas to the industries of the Site Area, said that SSGC has…
Read MorePower sector: the regulatory discontent
Public hearings were held by the National Electric Power Regulatory Authority (Nepra) recently on the Indicative Generation Capacity Expansion Plan (IGCEP) and allied issues. There was considerable controversy and discontent. There are two major issues that are under deliberation these days, which have a bearing on each other: Competitive Trading Bilateral Contract Market (CTBCM – a competition framework in the…
Read MorePower generation increases 8.3pc despite costly fuel
Amid hike in fuel cost, the country’s power generation in May 2021 posted growth of 8.3 per cent year-on-year (YoY) to 13,010 GWh while it rose by 24pc month-on-month (MoM) compared with 10,481 GWh in April 2021. The first 11 months of the current fiscal year (11MFY21) saw a 6.7pc jump in power generation to 115,862 GWh from 108,579 GWh…
Read MoreMinistry seeks action over violation of terms for LNG supply
As background engagements continue to call another special meeting of the Cabinet Committee on Energy (CCoE) to allow replacement of Engro’s LNG terminal for maintenance and statutory inspections, the Ministry of Maritime Affairs has demanded imposition of penalties on Engro for “violating the terms and conditions and jeopardising the energy security of Pakistan”. Informed sources said the second special meeting…
Read MorePower Division, GIZ Pakistan sign IA for REEE II project
Power Division and M/s GIZ Pakistan on Friday signed a new Implementation Agreement (IA) under which the latter will conduct Renewable Energy and Energy Efficiency (REEE II) project aimed at providing technical support to Power Division and its associated Alternative Energy Development Board (AEDB). The objective of the project is to contribute effectively to the energy transition in Pakistan. The…
Read MorePM says cheap electricity is key to prosperity
Lauding the efforts of Pakistani and Chinese engineers and workers for the construction of 4,320 megawatt Dasu hydropower project, Prime Minister Imran Khan has said this dam is vital for the development of Pakistan, as it will meet the country’s electricity need at a very reasonable tariff. “The construction of the dam is a difficult task for which I pay…
Read MoreChina launches probe into coal prices, will crack down on speculation
China’s state planner and market regulator have jointly launched an investigation into coal prices and will crack down on speculation and hoarding, the country’s economic planning agency said on Friday. Reuters last week reported that a team of inspectors from five government departments, including the National Development and Reform Commission (NDRC) planning agency and the state market regulator, visited major…
Read MoreJapan to tighten rules on coal power exports to meet G7 vow
TOKYO, June 18 (Reuters) – Japan will tighten its rules on support for exports of new coal power plants, in line with a pact by the Group of Seven nations (G7) to halt new government backing for “unabated coal power” by the end of 2021, a government official said on Friday. The G7 pledged on Sunday to rapidly scale up…
Read More