ISLAMABAD: National Electric Power Regulatory Authority (Nepra) Chairman Tauseef H Farooqi has said that the regulator is working on an inclusive Corporate Social Responsibility (CSR) development model. He was addressing a webinar cum seminar at Nepra Headquarters envisioning developing a CSR culture with its CSR drive of “Power with Prosperity”. The event was attended by a number of senior representatives…
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NEPRA has recently issued its determination on the applicability of Open Access (OA) charges applicable on OA consumers and has rejected the petition of CPPAG in this respect connected with the wheeling charges. Buyers or consumers’ choice and competitions are the basic tenets of capitalist markets. Under Open Access, the consumer has a choice of procuring or generating his own…
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ISLAMABAD: The government has sought urgent tenders for liquefied natural gas (LNG) deliveries in third and fourth week of February to fill the gap arising out of a default by Emirates National Oil Company (ENOC) on its supply commitment. A senior official at the Ministry of Energy (Petroleum Division) confirmed that two cargoes had been sought from the international market…
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The Peshawar Electric Supply Company (PESCO) recovered Rs1.24 million from defaulters in Abbottabad and Haripur districts during ongoing efforts to recover arrears, a spokesperson shared on Tuesday. He said that Hazara circle teams along with Pesco and the police checked various areas and replaced 45 defective metres on the spot. The operation against power stealers intensified in the province while…
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ISLAMABAD: The involvement of state companies in the liquefied natural gas (LNG) business has exposed financial risk to Pakistan as Gunvor – a supplier of the LNG – has filed a case against the Pakistan State Oil (PSO) in an international court. The PML-N government had involved the private sector in setting up LNG terminals in Pakistan. But it involved state companies like…
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ISLAMABAD: The Central Development Working Party (CDWP) has approved two development projects at the cost of Rs3.82 billion. According to the sources, the CDWP also approved WAPDA as executive agency for Greater Karachi Water Supply Scheme (K-IV) project. They said that the Sindh government had this project but it could not execute it then the project was handed over to…
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ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) determined weighted average re-gasified liquefied natural gas (RLNG) price of $8.7316 per mmbtu for the Sui Northern Gas Company (SNGPL) consumers and $8.4687 per mmbtu for the Sui Southern Gas Company (SSGC) consumers for January 2021. The regulator computed the prices of January based at 11 cargoes of LNG. The Pakistan State…
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ISLAMABAD: Amid growing number of suppliers competing for pipeline and terminal capacity, the Cabinet Committee on Energy (CCoE) on Monday constituted a subcommittee to examine in detail the availability of pipeline capacity and how to allocate it for transportation of re-gasified liquefied natural gas (RLNG). Informed sources said the CCoE met briefly under the chairmanship of Minister for Planning and…
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THE LNG spot prices have spiked to a multi-year high in recent weeks over the fuel’s rising demand in Asia as winter temperatures in Japan, China and Korea drop to below average levels. The surge in demand for the super-chilled fuel has also led to shortages of LNG cargo vessels, interrupting the supply chain and pushing freight rates to new…
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Car assemblers have said that electric vehicles will remain out of the reach of people as these are 140% more expensive than conventional cars despite a recent reduction in taxes, urging the government to instead promote hybrid cars. In a briefing to the National Assembly Standing Committee on Finance on Monday, two big players also blamed the government’s taxation and…
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