Category: Recent Post

Islamabad June 06 2021: Special Assistant to Prime Minister on Power and Petroleum said that foreseeing ample capacity government has decided to retire older plants based on Residual Furnace Oil (RFO). This will help to save PKR200 in capacity payments. Government will buy private Independent Power Producers on Net Present Value basis which comes out to be half of the price that government has to pay during the remaining tenor of their Power Purchase Agreement. Giving an example of Hub Power, he said that we have paid them capacity payments…

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The International Maritime Organization (IMO)has certified Byco’s Oil Spill Response (OSR) team for achieving Level II & III professional training and certification. Byco is the only Pakistani oil company having a dedicated Oil Spill Response team capable of managing oil spills, whose members are IMO certified. Mr. Azfar Saeed Baig, Vice President, Byco Petroleum Pakistan Limited, recognizing the achievement, commented: “This achievement reflects Byco’s commitment to safety, strengthens our position as Pakistan’s only oil refinery that is fully equipped to effectively handle oil spills. We aim to create a Centre…

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Getz Pharma Pvt. Ltd. announced today that its new manufacturing facility, named Astola, has been awarded the First LEED Platinum Certification for a pharmaceutical plant in South Asia, by the U.S. Green Building Council. With this achievement, Pakistan has proudly become the first South Asian country to have received the LEED Platinum Level Certification for a pharmaceutical plant. Achieving the highest LEED rating for this state-of-the-art facility is a testament to Getz Pharma’s commitment towards playing its part as a corporate citizen, for preserving and protecting the environment.Getz Pharma believes…

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The National Electric Power Regulatory Authority (Nepra) has revised the seven- month tariff for K-Electric on account of fuel adjustment. It allowed the power utility to increase the rates for July, August, September and December 2020, and decrease the tariff for June, October and November 2020. Nepra issued a decision on Friday relating to revision in tariff for K-Electric on account of fuel adjustment for June 2020 to December 2020 in the matter of K-Electric. NEPRA allowed Rs0.7256 per unit increase for July 2020, Rs0.3078 per unit for August, Rs0.710…

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The government is making its mind to introduce more slabs for electricity consumers to ensure the implementation of targeted subsidies in the next budgetary year 2021-22. “Yes, we are working on it and will carve out slabs starting from 200-300 units 301-400 units, 401-500 units, 501-600 units and 601-700 units and so on for ensuring the targeted subsidy,” SAPM on Power and Petroleum Mr Tabish Gauhar confirmed the development. He said that right now the consumers who use 301 units and 699 units are getting the same subsidy which is…

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