The Petroleum Division is said to have recommended recovery of financial losses of billions of rupees from power consumers due to purchase of expensive RLNG or its non-availability for the power plants, well informed sources told Business Recorder. “Volume and pricing of RLNG is ring-fenced whereby RLNG consumers have to bear the full cost of supply. Any tariff differential and/or…
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The Council of Common Interests (CCI) decided on Monday to include hydel power in the renewable energy targets and directed the Power Division to finalise the “wheeling” policy so that it could be rolled out immediately. Chairing the 48th meeting of the CCI, Prime Minister Imran Khan directed the Power Division to employ technology-based solutions at the distribution companies level…
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With Pakistan suffering an “unprecedented dry” year, both the dams have started depleting fast before getting filled properly, as national inflows drop exceptionally and water planners now fear this dry cycle will continue and extraordinarily impact the Rabi crops. Although the Indus River System Authority (Irsa) was able to fill Tarbela Lake on Sept 1 after some jugglery with the…
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The government has asked all six oil refining facilities in the country to provide full details of Deemed Duty (DD) collected on petroleum products since its inception two decades ago along with third party audits of its utilisation. In a letter, the Petroleum Division has asked managing directors of six major refineries — Pak Arab Refinery Ltd, National Refinery Ltd,…
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The Competition Commission of Pakistan (CCP) is said to have initiated a probe into the shadowy affairs of M/s Hascol as the company allegedly presented tailored accounts for acquisition of M/s Vitol Dubai Limited, well-informed sources told Business Recorder. “CCP has the power to scrap or change the merger’s approvals of M/s Hascol Petroleum Limited and M/s Vitol Dubai Limited…
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The Council of Common Interests (CCI) has approved the IGCEP (Indicated Generation Capacity Expansion Plan) model, which will allow efficient usage of electricity, said Minister for Energy Hammad Azhar on Monday. Azhar, in a series of tweets, said that the model, which was pending since 2005, would only allow power generation to be added when it is needed i.e. based…
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The economy is treading its path in the recovery phase. It has started to experience challenges on the external front. Although there is a slight uptick in the statistics of exports, imports have outpaced exports by a great margin. Provisional statistics of August 2021 shows that trade deficit has crossed the $4 billion mark, which is quite unprecedented. Remittances have…
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At the moment, Pakistan gas supply risk is increasing due to depletion of domestic gas resources and increasing reliance on imported liquefied natural gas (LNG). It is expected that reliance on LNG will increase with the continuous depletion of local fields and increasing demand. Several times, reportedly, the line pack pressure has increased beyond safe levels, risking the system. Pakistan…
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Expressing concern over long delays, the National Electric Power Regulatory Authority (Nepra) has directed the power sector entities concerned to immediately include hydroelectric power in the definition and scope of renewable energy and submit a compliance report at the earliest. In a letter to managing director of the National Transmission & Despatch Company (NTDC), managing director of the Private Power…
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History made in Pakistan Sports asPakistan Water and Power Development Authority (WAPDA) athlete Haider Ali won gold medal for Pakistan in Discus Throw at Tokyo 2020 Paralympic Games by throwing the Discus to a distance of 55.26 meter. This is the first-ever gold medal for Pakistan in the history of Paralympic Games. Meanwhile, WAPDA Chairman Lt Gen Muzammil Hussain (Retd)…
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