A new Indicative Generation Capacity Expansion Plan (IGCEP) has been submitted by the National Transmission and Despatch Company (NTDC) for the regulator’s approval. There are some questionable recommendations made in the model that we will discuss in this space. Should we adopt the recommendations because a computer model has been used or we should apply our minds, analyse and evaluate…
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Karachi (June 04, 2021): On the occasion of World Environment Day, Coca-Cola reiterated its commitment to protect natural ecosystems across Pakistan as part of its sustainability agenda for which Water, Waste and Women are the three core focus areas. Over 10 million beneficiaries have been positively impacted by the company’s interventions through water stewardship, 85 percent of plastic waste is collected…
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WORLD Environment Day today has kick-started a decade of ecosystem restoration. As a global host for World Environment Day, 2021, it is an important opportunity for Pakistan to revisit environmental priorities that it has followed for the last 50 years and reset the direction for the decade ahead. The 1972 Stockholm Declaration inspired Zulfiqar Ali Bhutto to begin Pakistan’s environmental…
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The National Electric Power Regulatory Authority (Nepra) intends to enhance the renewable energy footprint to 30 per cent over the next 10 years from the current 3pc of Pakistan’s overall generation capacity of over 35,000MW, Nepra Chairman Tauseef H. Farooqi said on Friday. Addressing a live webinar on “Pakistan’s Energy Transition and the Road Ahead” hosted by K-Electric and Nepra,…
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ISLAMABAD: The government on Friday completed Rs89.2 billion transactions as the first instalment of payments to 20 independent power producers (IPPSs) from the Rs403bn committed under a settlement agreement with 46 IPPs signed in February. Payment to other IPPs suffered delay as the National Accountability Bureau (NAB) had decided to examine the deal. “The government has completed the first payment…
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The National Electric Power Regulatory Authority (Nepra) on Friday allowed K-Electric to charge an additional fuel cost adjustment (FCA) of average 26 paisa and 10 paisa per unit in June and July, respectively from its consumers to add about Rs500 million to its revenue. The regulator has worked out the increase in rates on the basis of seven months (June…
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The State Bank of Pakistan (SBP) has recommended to the government to eliminate gas subsidies to ward off formation of circular debt and encourage greater participation of the private sector in LNG trade to develop an efficient LNG market to cope with the growing gas shortages in the country. In a special section on LNG sector inserted in its quarterly…
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The Oil Companies Advisory Council (OCAC) has rung alarm bells telling the government that the depleted condition of KPT oil piers can disrupt the import supply chain of petroleum products, especially Crude Oil and Mogas (petrol) resulting in potential dry out in the country. In a letter sent on May 25, 2021, to Federal Energy Minister Hammad Azhar and Petroleum…
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The efforts made by state-run gas companies to maintain their monopoly over the liquefied natural gas (LNG) market have put an additional burden of $99 million on gas consumers for the idle terminal capacity. The issue seems to be more serious compared to the capacity payments made to independent power producers (IPPs). Though the private sector has been ready to…
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SINGAPORE: Six companies have placed the lowest offers for a buy tender by Pakistan LNG for nine liquefied natural gas (LNG) cargoes to be delivered in July and August, according to a document posted on the company website. Vitol placed the lowest offer for three cargoes, while Qatar Petroleum Trading placed the lowest offer for two cargoes, according to the…
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