Day: September 11, 2020

President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Friday said the country will witness a serious gas crisis soon which is resulting in sleepless nights for investors. The successive governments have not done enough to balance supply and demand for gas over the last decade which has make crisis part of the winter in the country, he said. Mian Zahid Hussain said that Prime Minister Imran Khan should take steps to hinder crisis in the making as it will…

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Karachi’s largest electric utility provider K-Electric has said that it experienced an attempted cyber-incident earlier this week. The power company in a statement said all critical customer services including bill payment solutions and 118 call-centre are operational and fully functional, to ensure the integrity of our systems, as a precautionary measure, we have isolated few non-critical services. As such customers may experience some disruption in accessing duplicate bills from the KE website. As an alternate, duplicate bills may be availed from the nearest K-Electric Customer Care Centre. “The KE teams…

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ISLAMABAD: The International Monetary Fund (IMF) has again turned up the pressure on Pakistan, asking it to increase power and gas tariffs for the revival of the stalled $6 billion programme. The global lender has contacted Pakistani authorities to convey its demands, sources said on Thursday. The sources added that the IMF had called for measures to reduce circular debt and power losses. The IMF has also demanded that the National Electric Power Regulatory Authority (Nepra) and the Oil and Gas Regulatory Authority (Ogra) should be allowed to make independent…

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ISLAMABAD: The Power Division is seeking exemption from guaranteed liquefied natural gas (LNG) offtake for three power plants, a move that may aggravate woes of LNG suppliers and hurt gas imports from Qatar. Since Pakistan started importing LNG from Qatar in 2015, the Pakistan Muslim League-Nawaz (PML-N) has been facing criticism from different quarters for striking a long-term LNG deal at high rates, which resulted in lower consumption of the fuel in the power sector. LNG-based power plants were set up during the 2013-18 tenure of PML-N government with higher efficiency…

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ISLAMABAD: The government on Thursday decided in principle to close down about 2,900 megawatts of government-owned old power plants in two phases and get rid of ‘must-run’ status of three LNG-based plants in Punjab of about 3,900MW. Under the decision, various units of about 1,400MW at four generation companies of ex-Wapda would be closed down immediately, followed by another 1,500MW of units by the year 2022. These issues came up for discussion at a meeting of the Cabinet Committee on Energy (CCoE) presided over by Minister for Planning and Development…

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