The contentious proposal to adopt a ‘weighted average cost of gas’ (WACOG) to reduce the rapid build-up of the circular debt in the gas sector is going to receive a “serious push” soon. “It’s a political hot potato… I’m told that within a few months there’s going to be a serious push on the political side to get (WACOG) through,”…
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The boards of directors (BoDs) of some state-owned power sector companies are flouting corporate governance rules-2013 by indulging in day-to-day affairs required to be handled by the executives under the law. The situation is worst at the National Transmission and Despatch Company (NTDC) — the country’s premier entity handling power evacuation, high-powered transmission lines and grids system. “Most of the…
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The government has decided to shift the headquarters of erstwhile Pakistan Electric Power Company (Pepco) from Lahore to Islamabad with a new nomenclature and fresh roles, but rejected the power division’s request to allow an 88 paisa per unit rise in tariff to meet an annual expenditure of Rs880 million. These decisions were taken at a meeting of the Cabinet…
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The International Monetary Fund (IMF) has asked Pakistan to withdraw around Rs300 billion sales tax exemptions to qualify for the next loan tranche of $1 billion, taking the demand for the additional revenue requirements to over Rs525 billion. The tax authorities have shown willingness to take back nearly Rs260 billion sales tax exemptions as a quid pro quo for not…
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China Three Gorges Group (CTG) called on the Pakistani ambassador to China on Friday and showed keen interest in investing in Pakistan’s wind and solar energy sectors. During the meeting, the CTG delegation led by Vice-Presidents Wang Shaofeng and Qin Guobin informed the Ambassador about the current status of its ongoing power projects in Pakistan. They informed that work on…
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A Chinese state company has expressed concerns over the inordinate delay in the launch and completion of the remaining 600-megawatt portion of the 900MW mega solar power project under the China-Pakistan Economic Corridor (CPEC) due to various issues allegedly on the part of the National Electric Power Regulatory Authority (Nepra) and the National Transmission and Despatch Company (NTDC). The firm,…
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The Pakistan Electric Power Company (Pepco) has been revised under a legal arrangement of being a “Managing Agent”. The role of Pepco, briefly speaking, is to monitor and coordinate the operations of DISCOs. There is a mixed reaction to the revival of Pepco. I am in favour of Pepco’s revival and have been writing about it. We will explain the…
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The Cabinet Committee on Energy (CCoE) on Friday approved allocation of pipeline capacity to two new LNG terminal developers to facilitate their investment in the additional gas infrastructure and once again decided to dissolve Pakistan Electric Power Company (Pepco).The company was disbanded twice in the past. A meeting of the CCoE, presided over by Planning and Development Minister Asad Umar,…
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The business community has lambasted the Sui Southern Gas Company (SSGC) for shutting down gas supply for 72 hours to the industrial sector. Businessmen Group (BMG) chairman Zubair Motiwala in a statement on Friday asked the SSGC to immediately restore supply to industries as gas suspension would terribly affect production and it would become difficult to fulfil their commitments. Mr…
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This publication is an authentic source of data and information and a must read for all the stakeholders according to their needs, interest and comprehension. SOI has reported 140 major cases and determinations indicating that Nepra has been quite busy during the outgoing year. SOI highlights a lot of issues which may not mean that it agrees and wants to…
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