ISLAMABAD: Ministry of Planning, Development and Special Initiatives (M/o PD&SI) has proposed increase in benchmark competitive tariff of solar IPPs to Cents 5/kWh from Cents 3.4108/kWh determined by Nepra to replace costlier thermal power through large scale solar IPPs, well informed sources told Business Recorder. According to M/o PD&SI, power generation capacity of Pakistan has significantly increased in the last…
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WASHINGTON/KARACHI: The International Monetary Fund (IMF) has included Pakistan on its Executive Board agenda for January 11, as reported on its updated website. During this meeting, the board is set to deliberate and potentially grant final approval for the disbursement of the next $700 million tranche under the existing $3 billion Stand-By Arrangement (SBA). According to the IMF Executive Board…
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KARACHI: Pakistan exported a record amount of fuel oil in the first half of the current financial year, surpassing the total exports of the previous year, as domestic demand plunged due to a shift to cleaner energy sources, data from the oil sector showed on Monday. The country exported around 600,000 tonnes of fuel oil from July to December 2023,…
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ISLAMABAD: The entire country is facing hours of load shedding due to massive shortfall in generation owing to frequent tripping in South Punjab and faults in Guddu Thermal Power House. According to Power Division, due to dense fog, NTDC faced tripping of 500 kV and 220 kV Transmission Lines in the vicinity of Guddu. “One of the poles of 500…
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ISLAMABAD: National Transmission and Despatch Company (NTDC) has supported conversion of M/s Lalpir (LP) and Pakgen (PG) into Thar coal, saying that operating LP and PG would certainly improve voltage stability and increase short-circuit power in the Mepco region. In a letter to Managing Director, PPIB, Deputy Managing Director- System Operator (SO), Ali Zain Banatwala stated that the technical and…
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Islamabad, January 01, 2024: The Oil and Gas Regulatory Authority (OGRA) has notified the maximum Price of LPG, effective January 01 2024, as under 2. The LPG price Notification for the month of January 2024 is readily available at OGRA website www.ogra.org.pk. 3. The LPG producer price is linked with Saudi Aramco-CP and US$ dollar exchange rate. As compared to…
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ISLAMABAD: Kuwait will buy stakes in the 1,450 MW Ghazi Barotha Hydropower Project (GBHP) and to this effect, EnerTech, which is a wholly-owned subsidiary of the Kuwait Investment Authority, and Wapda would appoint transaction advisers for the smooth divestment of 30 percent shares in the mega project. The government wants to raise $800-900 million by selling out 30 percent of…
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Minister says work on water project will continue at ‘full speed’ RAWALPINDI: The Daducha Dam, an indispensable water project for the people of Rawalpindi previously marred by years of delays, is back ‘on track’ with its completion planned in less than two years. These remarks were made by the provincial Minister for Primary and Secondary Healthcare and Population Welfare Dr…
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ISLAMABAD: Dr Shamshad Akhtar’s performance as finance minister is “B negative” and her predecessor Ishaq Dar’s is “C negative”. This assessment was made by Dr Hafiz Pasha while speaking on Paisa Bolta Hai with Anjum Ibrahim on Aaj television. He said the PML-N’s economic wizard Ishaq Dar, he added, caused a great damage by trying to fix the exchange rate through ‘artificial’…
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ISLAMABAD: The Central Power Purchasing Agency-Guaranteed (CPPA-G) has made payments of Rs 205 billion to different power producers, including government-owned power plants just two days before the end of 2023. According to sources, Rs131 billion has been paid to government-owned power plants recently approved by the government whereas Rs 74 billion has been released to other power producers. Of Rs74…
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