Month: December 2020

Cabinet to review gas shortfall mitigation plan today

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ISLAMABAD: The top leadership of Petroleum Division (PD) will sensitize the federal cabinet that meets today (Tuesday) about the ongoing gas crisis and its gas shortfall mitigation plan, apprising it that RLNG supply to the power sector for January 2021 will be curtailed to 200 mmcfd (million cubic feet per day) against the demand of 240 mmcfd. The authorities on Monday stopped the RLNG supply indefinitely to the CNG sector from today (Monday) and for captive power plants for general industry, it has already been closed. Earlier, the CNG sector…

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HESCO BoD Reconstituted For A Period Of 3 Years

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HYDERABAD, (APP – UrduPoint / Pakistan Point News – 28th Dec, 2020 ) :The Federal Ministry of Energy, Power Division, has reconstituted the Board of Directors (BoD) of Hyderabad Electric Supply Company (HESCO) for a period of three years. According to the notification issued on Monday, the board consists of eight independent Directors, three Non-Executive Directors and an Executive Director. Engr Shaikh Jamil Gul has been appointed as board’s Chairman in the capacity of an Independent Director. The five other independent directors include Engr Irfan Ahmed, Syed Zahir Hussain Rizvi,…

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Inconsistent Policies Keep Investors at Bay

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LAHORE: Creating jobs should be the top priority of this government. Poor governance has been the main hindrance in job creation as investors need strict adherence to rules and regulations that are regularly flaunted. Good governance must start from the top. If the ruling elite strictly followed rules, governance would automatically improve. The man at the top should give a policy guideline on all affairs. The ruling party should opt out of managing postings and transfers. Let these functions be performed according to the procedures laid down in the book.…

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PM given briefing on energy sector, ML-1

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ISLAMABAD: Prime Minister Imran Khan has emphasised the importance of energy sector for the economy, and stated that it was the government’s responsibility to meet the energy requirements of all sectors. The prime minister made these remarks while chairing a meeting to review the energy sector on Monday, and received a detailed briefing on the current situation of the energy sector – electricity and gas from the concerned ministry and the Petroleum Division. The Minister for Energy Omer Ayub, Special Assistant to the Prime Minister Tabish Gohar, and secretary Ministry…

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KE owes Rs122bn to SSGC

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KARACHI: SSGC has once again reiterated that the only GSA signed between SSGC and KE was for 10 mmcfd and despite less gas being injected into SSGC’s system from the gas fields, regardless of the season, SSGC has always provided much more gas to KE than the GSA allocated amount so as to avert power outages in the city of Karachi.Currently SSGC is providing on average 70 to 100 mmcfd gas to KE while the Company has provided 270 mmcfd plus gas to the power company in summers this year…

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