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The National Electric Power Regulatory Authority (Nepra) has once again questioned the use of expensive furnace oil instead of re-gasified liquefied natural gas (RLNG) for electricity generation in December 2020. The regulator has also questioned the diversion of gas from power plants to other sectors during the month. At a public hearing of a petition of the Central Power Purchasing…
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With claims of charging 300% higher port charges on liquefied natural gas (LNG) vessels, the Petroleum Division has approached the Cabinet Committee on Energy (CCOE) with a proposal to reduce the charges. Two state-run energy companies – Pakistan LNG Limited (PLL) and Pakistan State Oil (PSO) – have pointed out that LNG vessels were still facing problems in navigating despite collection of…
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ISLAMABAD: Socar Trading — a commercial arm of the State Oil Company of Azerbaijan Republic — has offered supply of petrol and LNG cargoes to Pakistan LNG Ltd (PLL) and Pakistan State Oil (PSO) round the year on credit under a government-to-government (G2G) arrangement to build upon strategically friendly relationship between the two countries. A Socar Trading spokesperson told Dawn that Azerbaijan…
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ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Wednesday hinted at increasing electricity tariff by about Rs3.50 per unit over the next few days. At a public hearing on monthly fuel price adjustment (FPA) for distribution companies of ex-Wapda, the case officers of Nepra explained that Rs1.95 per unit increase in base tariff would be notified in a few…
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ISLAMABAD: Pakistan launched construction work on the Torkham-to-Nowshera portion of the $1.17 billion Central Asia-South Asia Regional Trade and Transmission Project (CASA-1000) on Wednesday. A virtual launching ceremony was hosted by Dr Bandar Hajjar, president of the Islamic Development Bank (IsDB), and Energy Minister Omar Ayub Khan. The state-run National Transmission & Despatch Company (NTDC) will undertake construction of a…
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Pakistan is now faced with a new and unfamiliar problem of too much electricity generation capacity after spending decades tackling power shortages, Bloomberg reported. After having too many coal and natural gas-fired plants built – most financed under the Belt and Road Initiative, launched by Chinese President Xi Jinping in 2013 – within a short span of time, Pakistan found…
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ISLAMABAD: After recent surge in power tariff by Rs1.95 per unit and twice increase in prices of petroleum products in the current month, January, now the government is set to further increase the prices of petrol by Rs1.03 to whopping Rs110.23 per litre and diesel (high speed diesel) by Re0.95 per litre to Rs114.14 per litre. The Petroleum Division has…
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ISLAMABAD: Amid falling international market, Pakistan on Wednesday received significantly cheaper bids for three cargoes of liquefied natural gas (LNG) to be delivered in March under an urgent tendering process. The state-run Pakistan LNG Limited (PLL) had last week cancelled bids for LNG deliveries in March for three windows as prices in the international spot market started to crash. For…
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The government is considering establishing a separate electric vehicle (EV) board, similar to the Engineering Development Board (EDB), in a bid to promote environment-friendly vehicles in the country. In that regard, Federal Minister for Science and Technology Chaudhry Fawad Hussain met Prime Minister Imran Khan to discuss his ministry’s role in promoting EVs in Pakistan. He apprised the premier of…
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