The National Electric Power Regulatory Authority (Nepra) on Friday approved reduction from 17 to 12-13 per cent in the Return on Equity (RoE), Return on Equity during Construction (RoEDC), Operation & Maintenance and Insurance components of a total of 12 renewable independent power producers (IPPs) under renegotiated tariff contracts with the government. The regulator said the reduction in tariffs will…
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A year after the COVID-19 pandemic, the construction sector has shown robust growth and contributed to the revival of economic activity in Pakistan. The housing and real estate activity has taken off on the back of an incentive package and low-cost housing projects announced by the government. Till October last year, a total of 127 projects had been registered at…
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The Safety Day was observed all over the country on Thursday to highlight the issues of Electricity/Wapda workers. The Safety Day was observed under the aegis of All-Pakistan Wapda Hydro Electric Workers Union CBA for the safety of field staff working on electricity lines, grid stations and power houses. Recently, two linemen died of electrocution on Faisalabad Road sub division…
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ISLAMABAD: The federal government has assured the International Monetary Fund (IMF) that it will further increase power base tariff by Rs 1.39 per unit from June 1, 2021 in addition to quarterly and monthly adjustments while acknowledging that adjustments of energy tariffs brought them closer to cost recovery. This was disclosed in the second to fifth staff reviews under the…
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The Punjab government has decided to buy electricity from the private sector.According to the official documents, the provincial government will purchase electricity, produced from solar power, from the private firms which are currently generating 1,300 megawatts of electricity. A grid company would be set up for the distribution and transmission of the electricity after its purchase. Punjab Grid Company would…
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LAHORE: The developed economies are exhausting their resources to minimise the impact of Covid-19 on their citizens, but they have little cash for poor nations who have to cope with Covid-19 impact on their own. At the same time the global commodity rates are on the rise. Steel and other metals prices are increasing. Global food prices registered rise for…
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Oil & Gas Middle East will next month introduce a paywall across its website. Readers will be able to unlock unlimited access to Oilandgasmiddleeast.com for $14.99 per month to enjoy the market-leading content we strive to create. The move is recognition of Oil & Gas Middle East’s status as an authoritative media brand for the Middle East’s upstream sector, informing…
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Chinese scientists on a marine research vessel used China’s home-made “Sea Bull II” drilling system to obtain a sediment core 231 metres (253 yards)long at a depth of 2,060 metres (6,760 feet), the official Xinhua news agency said. The system can help explore natural gas hydrate resources in the seabed, Xinhua added, referring to the solid ice-like crystals formed from…
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International Monetary Fund (IMF) has projected that arrears of state owned gas companies – Sui Northern Gas Pipeline Limited (SNGPL) and Sui Southern Gas Company (SSGC) will rise by 0.6 percent of GDP by the end of financial year 2021-22 due to higher cost-revenue mismatch as more liquefied natural gas (LNG) has recently been diverted from the high price power…
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ISLAMABAD: The government will neither privatize its all electric power distribution companies (DISCOs) nor sell out their shares as well, rather it will hand over management of every company and outsource the high losses feeders to the private sector. This will ensure to make DISCOs efficient by scaling down losses and increasing the recovery of the billed electricity to consumers…
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