Day: June 25, 2020

KARACHI: Ministry of Finance has made clubbed amendments to the NEPRA Act with the Finance Bill 2020-21 to get it passed before July 1, 2020 as per agreement with the International Monetary Fund (IMF) aimed at empowering the regulator to pass on the cost of the inefficiencies of the power sector to the consumers through imposition of the Debt Servicing Surcharge (DSS), says a press release issued by the Towel Manufacturers Association of Pakistan. The benchmark of transmission and distribution losses are 4.30% annually, but a NEPRA report, published in…

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Pakistan LPG Marketers Association has warned of imminent shortage of liquefied petroleum gas (LPG) in the country following discontinuation of an agreement between Sui Southern Gas Company (SSGC) and Jamshoro Joint Venture Limited (JJVL). “We have noted with great concern that production has been shut down at JJVL. Many of our member LPG marketing companies were receiving LPG from JJVL. This will disturb the entire supply chain and create gaps and shortages,” the association said in a letter sent to Petroleum Secretary Mian Asad Hayauddin. It requested that a meeting…

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ISLAMABAD, (APP – UrduPoint / Pakistan Point News – 24th Jun, 2020 ) :The government has so far released funds amounting to Rs287.289 million to execute seven petroleum projects under the Public Sector Development Programme (PSDP 2019-20) against the total allocation of Rs304.997 million. According to the official data as of June 19 that showed a slight readjustment in funds’ allocation and releases, an amount of Rs10.553 million has been provided to explore and evaluate coal in Nosham and Bahlol areas of Balochistan. While Rs35 million have been released for…

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The Cabinet Committee on Energy (CCOE) has approved the abandoning of the proposed 700-megawatt Datang coal-based power project of K-Electric. The power project had been designed to run on local coal, once it is commercially available. Sources told The Express Tribune that in its letters written to the Ministry of Energy, the power utility had requested for a notification of the tariff approved by the National Electric Power Regulatory Authority (Nepra) on August 11, 2016 and November 7, 2018 in respect of Datang Pakistan Power Generation (Private) Limited. K-Electric said…

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The Islamabad High Court (IHC) rejected on Tuesday an oil marketing company’s plea to stop the Federal Investigation Agency (FIA) from taking action against it in the fuel crisis case. Hearing the petition filed by Attock Petroleum, IHC Chief Justice Athar Minallah issued notices to the Ministry of Energy, Oil and Gas Regulatory Authority (Ogra), the government’s recently formed fuel crisis committee and the FIA for June 25. The petitioner’s lawyer maintained that the government had not set up the inquiry commission under the Petroleum Products Inquiry Act. To this…

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