ISLAMABAD: Three Wind Power Projects (WPPs) have urged the government to remove constraints on the Gharo Cluster transmission line network system on war footing basis. The three WPPs, Hydrochina Dawood Power (Pvt) Limited, Zephyr Power Limited and Tenaga Generasi Limited, in a joint letter to Registrar National Electric Power Regulatory Authority (Nepra), stated that they are sharing certain matters of…
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ISLAMABAD – The imports of the overall petroleum group contracted by 17.96 percent during the first ten months of the current fiscal year (2022-23) as compared to the corresponding period of the last year, the Pakistan Bureau of Statistics (PBS) reported. The total imports of the petroleum group during July-April (2022-23) stood at $13,974.610 million, as against the imports of…
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Miftah Ismail says IMF programme is “essential” for Pakistan if it is to avoid default KARACHI: Pakistan faces default by October this year without a bailout from the International Monetary Fund (IMF), former finance minister Miftah Ismail said on Thursday. Ismail, who was finance minister from September to October last year, said the delay in the IMF programme had pushed…
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ISLAMABAD: High power tariffs are adversely affecting consumers’ affordability and their consumption patterns. The trend is ultimately causing a sharp decline in the recoveries of distribution companies (DISCOs). Besides, the low recoveries can lead to difficulties in paying for power purchases from the generation companies, maintaining distribution networks and servicing debts. These factors further hinder the ability of DISCOs to…
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