Month: June 2020

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Energy economics is complex; any mismanagement could create a crisis. Recent petrol shortage is manifestation of poor planning and monitoring. Expect diesel to be short in the last week of June as hoarding is to peak in anticipation of hefty price increase in July. The impact is cascading down the entire energy value chain. A case of acute electricity shortage in Lahore and Faisalabad is brewing up. The load-shedding due to it might not be significant; but it’s worth pondering on the issue of energy shortages at a time when…

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ISLAMABAD:  With the country witnessing an oil crisis amid the Covid-19 pandemic, the Petroleum Division and the Oil and Gas Regulatory Authority (Ogra) have passed the buck on to each other for forcing oil marketing companies (OMCs) to keep 20 days of oil stocks, which has perturbed government functionaries. Under licensing conditions, OMCs are bound to maintain oil stocks for 20 days to meet demand in case of any emergency. However, during the recent crisis, some OMCs hoarded fuel products whereas others failed to keep stocks for 20 days, which…

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ISLAMABAD: The Cabinet Committee on Energy (CCoE) has directed the Petroleum Division to revise efficiency benchmarks of Captive Power Plants (CCPs) on its own in consultation with stakeholders as most of the plants’ efficiency is below 50 per cent, sources close to Minister for Information and Broadcasting told Business Recorder. Sharing the background of proposal titled “policy guidelines for energy efficiency audit for CPPs”, the sources said that the ECC while considering a summary submitted by the erstwhile Ministry of Petroleum and Natural Resources (now Petroleum Division) on November 11,…

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ISLAMABAD: National Electric Power Regulatory Authority (Nepra) has directed the government to include hydropower projects in the scope of renewable energy, official sources told Business Recorder. In this regard, Deputy Registrar, Nepra, Hafeez Ullah Khan has written letters to Managing Director, Private Power & Infrastructure Board (PPIB), Managing Director, National Transmission and Despatch Company (NTDC) and Chief Executive Officer, Alternative Energy Development Board (AEDB), asking them to implement the directives of the regulator. According to Nepra, it has been observed that hydropower is not being considered under the scope/definition of…

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