In order to improve overall gas supply situation, SSGC has taken major steps against industries involved in unethical and unfair practices. Governor Sindh Imran Ismail has shown keen interest in resolving this matter by personally intervening in it. SSGC intends to support the businesses but will not in any way tolerate unethical practices. So far, the Company has identified 189…
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Pakistan government will need to update its investment laws, reduce burdensome regulations, align them with global best practices, and structure the investment policy document accordingly, besides, synchronise its monetary, fiscal, and trade policies to promote a business-friendly trade environment, says the Asian Development Bank (ADB). The Bank in its report, Economic Corridor Development in Pakistan Concept, Framework, and Case Studies,…
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esterday New Englanders had reason to feel a little more … European than usual. that’s because according to Department of Energy data they were paying a spot price of $30.5 per million British thermal units for natural gas. This is an absurd price, in line with what Europeans, facing their worst energy crisis in a generation, have been suffering in recent months. To put…
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The petroleum products sale registered a growth of 19 per cent on a year-on-year basis to reach 1.80 million tonnes in January 2022, a report issued by Arif Habib Limited showed. On a month-on-month basis, the sales of petroleum products showed a growth of 20 per cent, it added. The growth in sales is attributable to the massive growth in…
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CEO K-Electric Moonis Alvi stated that renewable energy has to be integrated into the power sector in a way that adds versatility to the system, calling a resilient power network the “backbone of a resilient city. These comments were made while addressing a global virtual audience at the Future of Energy webinar titled “Strengthening Climate Action: Role of the Power…
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Massive energy projects, executed by Chinese firms in Pakistan, not only ended power outages in the country but also introduced the most advanced technologies in the power sector. These include the underground hydropower projects as well as the ultra-critical coal-fired power plants. In 2018, China Gezhouba Group Corp (CGGC) completed the construction of first-ever underground powerhouse in Pakistan, ie Neelum-Jhelum…
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Earlier, Economic Coordination Committee had formed a body to settle the issue of mounting circular debt in the oil and gas sectors. At present, all oil and gas companies like Pakistan State Oil (PSO), OGDCL, SNGPL, PPL, PLL, and SSGC are trapped in circular debt. The gigantic circular debt is posing a serious threat to the entire oil and sectors…
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Electricity rates are likely to be jacked up by Rs3.12 per unit after a request for the same by Central Power Purchasing Agency (CPPA) has been made to the National Electric Power Regulatory Authority (NEPRA). The request to approve an increase of Rs3.12 per unit in electricity prices on account of Fuel Charges Adjustment (FCA) for December 2021, will be…
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he National Electric Power Regulatory Authority (Nepra) Tuesday agreed, in principle, to increase Discos’ tariff by Rs 3.09 per unit for December 2021 under monthly Fuel Component Adjustment (FCA) mechanism to recover additional cost of Rs 26.6 billion from consumers except lifeline consumers. This understanding was reached between the regulator (Nepra) and power purchaser- Central Power Purchasing Agency- Guaranteed (CPPA-G)…
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The Cabinet Committee on Energy (CCoE) today (Wednesday) would discuss revised Circular Debit Management Plan (CDMP) prepared by the Power Division. According to the sources, the Finance Ministry said, the Power Division should use realistic assumption to see the impact on stock and flow of circular debt and accordingly, further mitigation measures may be proposed, if required. The country’s circular…
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