Policymakers have approved power subsidy reform measures under which subsidy for 8 million consumers will come to an end in the first phase. As part of reforms, the government will increase the ceiling for lifeline consumers from 50 units to 100 units per month. At present, 22 million electricity consumers are getting subsidy. However, it will be limited to 13.9…
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ISLAMABAD: A recently completed US government-assisted pilot project will help the Peshawar Electric Supply Company (Pesco) save Rs1.3 billion annually by overcoming the issues of theft, billing problems and power supply in the provincial capital. Under the project, the US Agency for International Development (USAID) installed 157-km anti-theft cable and 5,000 smart meters in various areas covered by Pesco, including…
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ISLAMABAD: The government on Monday decided not to increase the prices of petrol and high-speed diesel (HSD) by adjusting taxes, but increased the rates of kerosene and light diesel oil. “Despite very limited fiscal space, the government has decided that the prices of petrol and HSD will remain the same,” said the Ministry of Finance. On the other hand, it…
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LAHORE: The Gwadar GasPort Limited (GGPL) plans to invest $94.04 million in a ‘virtual pipeline’ to deliver imported liquefied natural gas (LNG) at the doorsteps of the industrial and other private sector consumers at competitive prices via cryogenic bowsers. “We hope to commission the terminal as early as October/November subject to issuance of a provisional licence from the Oil &…
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ISLAMABAD: The government on Monday approved a plan under which the base electricity tariff across the country will further increase by a cumulative Rs5.36 per unit (more than 34 per cent) in at least three phases over the next two years. The Circular Debt Management Plan (CDMP) was approved during a meeting of the Cabinet Committee on Energy (CCoE) presided…
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The debate has raged across the world over the past few years (and not only in the expert community) as to the priorities for energy development at the national, regional and global levels. Moreover, the West has extended this discussion beyond engineers, economists, energy sector specialists and investors to form an entire expert movement that conveys a particular opinion to…
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Special Assistant to Prime Minister (SAPM) on Climate Change Malik Amin Aslam on Friday said that planting trees was our national duty and people must take full part in the tree plantation campaign for the welfare of the country’s future generations. He expressed these views while addressing at a ceremony of the 10 billion Tree Tsunami Project organised under contribution…
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Most factories in Karachi and across Sindh lack basic safety equipment and protocols. In many set-ups, there are no trained personnel to deal with emergency situations. Over the years this has resulted in several lethal accidents in industrial plants. More often than not, it is an insufficient number of emergency exits and construction of industrial buildings contrary to the approved…
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ISLAMABAD: The government may have to increase electricity tariff for consumers two times before December, in addition to making monthly fuel price adjustments and diverting substantial funds from taxpayers’ money to the power sector, to keep the International Monetary Fund programme going, according to sources. Background discussions with government officials suggested the exact sizes of and schedule for tariff increases…
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KARACHI: An investment plan of approximately Rs3.7 billion has been finalised for the captive requirements of industrial zones in the city, K-Electric (KE) said on Saturday. The overall load-requirement and enhancement of captive power plants (CPPs) that will be connected to the grid is around 747 MW, spread across 743 customers, the statement said, citing surveys conducted by the utility.…
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