Author: Admin

Pakistan Diverts Another LNG Cargo Amid Gas Transmission Pressure

Admin
Pakistan-LNG

ISLAMABAD: The government has redirected another long-term LNG cargo to the international market to prevent strain on the national gas transmission system, which is experiencing line pack pressure fluctuating between 4.9 and 5 BCF. A senior Petroleum Division official confirmed that Pakistan had earlier requested Qatar to defer 10 LNG cargoes to 2026, of which only five were accommodated under the flexible clause of the 15-year contract. However, Qatar declined to defer the remaining five cargoes. Key Developments:Three LNG cargoes from ENI—an Italian trading company—have been diverted so far, following…

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World Bank Warns of Impending Water Conflicts in Pakistan

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Water-Conflicts

ISLAMABAD:* Pakistan could face severe conflicts over water resources in the near future if urgent measures are not taken to regulate *water distribution and extraction, warned **Basharat Ahmed Saeed, Senior Water Specialist at the *World Bank Group. Speaking at a seminar on water security organized by the *Pakistan Institute of Development Economics (PIDE), Saeed highlighted that at the **current rate of groundwater consumption, *Pakistan could face groundwater depletion by 2030 and surface water depletion by 2037. Key Concerns: Saeed warned that if mismanagement continues, *Pakistan could witness riots over water,…

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Govt, Banks Near Rs 1.23 Trillion Deal to Resolve Power Sector Circular Debt

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Circular-Debt

ISLAMABAD: The government and commercial banks are reportedly finalizing a Rs 1.23 trillion loan agreement aimed at resolving Pakistan’s power sector circular debt. The deal includes Rs 5.23 billion in fresh exposure and the restructuring of Rs 700 billion in existing loans at a lower interest rate, according to sources. A Power Division team recently held talks with commercial banks in Karachi, emphasizing the urgency of the situation. Following the discussions, banking representatives met with Finance Ministry officials to negotiate terms. Key Details of the Deal:Loan Consortium: 15-20 commercial banksRepayment…

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DISCOs Seek 30-Paisa Per Unit Tariff Reduction for February FCA

Admin
power-unit

ISLAMABAD: Electricity consumers may see a 30-paisa per unit reduction in power tariffs as distribution companies (DISCOs) have requested a downward adjustment in fuel charges adjustment (FCA) for February 2025. The National Electric Power Regulatory Authority (NEPRA) has scheduled a public hearing on March 26 at NEPRA Tower, with online access available for stakeholders. The request, filed by the Central Power Purchasing Agency Guarantee Limited (CPPA-G) on behalf of DISCOs, proposes a reduction of Rs0.2984 per unit, bringing the FCA below the reference fuel cost of Rs8.5276 per unit. February…

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Thar Coal Power: Cheaper Than Hydropower, Says SSRL CEO

Admin
Thar-coal

KARACHI:* Power generation from Thar’s Block-1 is significantly more cost-effective than hydropower, with a production cost of just *Rs5.52 per unit, stated *Sino Sindh Resources Pvt Ltd (SSRL) CEO Li Jigen during a public hearing held by the Thar Coal and Energy Board (TCEB) on Thursday. The hearing, conducted by *TCEB Managing Director Tariq Ali Shah, **Presiding Officer Ammar Habib Khan (Member Finance/Power), and **Dr. Fahad Irfan Siddiqui (Member Mining Thar Coal Tariff Determination Committee), focused on SSRL’s petition for determining the *commercial operations date (COD) stage tariff for its…

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