Author: Admin

OGRA’s Delay on SSGC Revenue Decision Sparks Controversy Amid Share Price Surge

Admin
Sui-Southern-Gas-Company

ISLAMABAD: A delayed ruling by the Oil and Gas Regulatory Authority (OGRA) on Sui Southern Gas Company’s (SSGC) revenue requirement for FY 2022-23 has ignited major controversy, coinciding with a staggering 600% jump in SSGC’s share price — raising allegations of regulatory favoritism. OGRA approved the Final Revenue Requirement (FRR) for SSGC on October 1, 2024 — nearly a year late. The delay has drawn scrutiny, especially as SSGC’s share price surged from Rs8 on October 21, 2024, to Rs42 by January 1, 2025, without any significant corporate developments. The…

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Chinese Firm Seeks Formal Extension of LoS for $2.5 Billion Kohala Hydropower Project

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Hydropower

ISLAMABAD: M/s Kohala Hydropower Company Limited (KHCL), a Chinese firm, has formally requested the government to issue a notification extending the Letter of Support (LoS) for its $2.5 billion, 1,124 MW run-of-the-river Kohala Hydropower Project until September 30, 2027, sources told Business Recorder. The Kohala project, a priority initiative under the China-Pakistan Economic Corridor (CPEC), initially received LoS from the Private Power and Infrastructure Board (PPIB) on December 31, 2015, with extensions granted thereafter, the latest approved during PPIB’s 144th Board meeting. In a letter to the Power Division, KHCL…

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Biogas Key to Pakistan’s Clean Energy Future: Haroon Akhtar

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New-Project3

LAHORE: Special Assistant to the Prime Minister (SAPM) Haroon Akhtar Khan on Saturday visited the site of Suzuki Company Limited’s proposed biogas plant at Manga Mandi, Lahore. He was warmly welcomed by Hiroshi Kawamura, Managing Director of Suzuki Pakistan. According to an official statement, Khan praised Suzuki’s initiative to develop a biogas facility for vehicles, calling it a crucial step towards Pakistan’s clean energy future. He stressed that biogas holds immense potential to reduce the country’s reliance on expensive oil and LNG imports. Highlighting the prime minister’s Uraan Vision for…

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Centre Expresses Displeasure Over Punjab’s Delay in Tariff Cut for LNG Plants

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LNG

ISLAMABAD: The federal government has conveyed its frustration to the Punjab government over delays in approving tariff reductions for two of its LNG-based power plants — Bhikki and Trimmu — with a combined capacity of over 2,400MW. The proposed tariff revision could save around Rs600 billion over the plants’ remaining operational life of 18 to 23 years. A senior official told Dawn that the Central Power Purchasing Agency (CPPA), a subsidiary of the Power Division, had been consistently following up with Punjab’s energy department to complete formalities necessary to file…

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Heatwave intensifies across Southern Punjab, gastroenteritis cases surge in Multan

Admin
heat-related-deaths (1)

Southern Punjab, including Multan, is experiencing an alarming rise in temperatures with the mercury hitting 43°C, according to the Meteorological Department. Health officials report a significant increase in gastroenteritis cases at Nishtar Hospital, where 120 patients sought treatment within the past 24 hours. “Most patients received initial medical aid and were discharged,” said a spokesperson for Nishtar Hospital. In response to the growing health crisis, authorities have designated a separate ward specifically for gastroenteritis patients at Nishtar Hospital. The Pakistan Meteorological Department has warned that the current heat wave could…

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