The commission board has given two minimum floor rates to the Cabinet Committee on Privatisation (CCOP) for taking a decision, said an official of the privatisation ministry after the meeting. It has recommended setting the minimum price at Rs22.3 per share by giving a 7.5% discount on the three-month weighted average price of PRCL. The second option is that the…
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Pakistan hit an all-time high power production level at 16,078 Gigawatt hours (GWh) in a month in August on the back of strong demand for energy from industries amid expansion and households adding appliances and gadgets in their daily usage. The growth in electricity generation is in line with the government’s policy to make maximum utilisation of the surplus power…
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The CPPA said Discos had charged consumers a reference fuel tariff of Rs4.73 per unit in August while actual fuel cost turned out to be Rs6.805 per unit, hence the additional fuel cost of Rs2.07 per unit should be charged to consumers in coming month. Interestingly, the major contribution of almost 35pc power supply came from hydropower resources at no…
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The government of Pakistan is planning to build solar plants on top of canals spread across the region of Punjab, which hosts several canal irrigation systems. The Punjab Power Development Board (PPDB) is currently seeking consultants to conduct a feasibility study for the deployment of solar plants on canals spread across the Gujranwala division, which is an administrative division in…
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Some foreign consultant must have told this gas thing to CCoE in English, otherwise we have been telling this to them since 2015. Still it is not energy efficiency they are striving for but to utilize excess “must run” capacity they have contracted. Unfortunately their thinking is outdated and they would be trading one evil with the other. The increase…
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The launch of the ‘Adapting to Salinity in the Southern Indus Basin (ASSIB’) project, funded by the Australian government through the Australian Centre for International Agricultural Research (ACIAR), took place at a local hotel in Karachi today by way of a stakeholder inception workshop attended by representatives from government, academia, NGOs, and communities living in salinity-affected areas of Pakistan. The…
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Khalid Mahmood, Managing Director and CEO Getz Pharma Pvt. Ltd Executive Director, IBA Karachi, Dr. S. Akbar Zaidi, signed a joint MoU to provide financial assistance to deserving students. Getz Pharma (Pvt) Ltd, Pakistan’s leading pharmaceutical company and the Institute of Business Administration (IBA), Karachi, the country’s prestigious higher education institution, have partnered to establish Getz Pharma Endowment Fund. The…
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What has triggered the energy market crisis?The UK’s wholesale energy markets have reached record highs in recent weeks. The trouble stems from a global surge in demand for gas following a cold winter that left gas storage facilities depleted, plus a rebound in post-lockdown energy demand across Asia. A race to refill gas stores before the return of colder temperatures…
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This is the final article in a series that examines Environmental, Social, and Corporate Governance (ESG) programs in the oil industry, with an emphasis on how some companies are using hydrogen to improve their metrics. Previous articles were: Today I want to talk about specific examples of how various companies are incorporating hydrogen into their businesses. Alerian on Midstream ESGThe…
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Pakistan is suffering from circular debt, mostly due to high capacity charges, which have been further aggravated due to excess capacity and its underutilisation. One of the solutions that have been discussed and even partly implemented is tariff reforms. A logical argument is that electricity utilisation will increase if tariff is brought down. The risk, however, is that the utilisation…
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