Year: 2020

LAHORE: The Multan Electric Power Company (MEPCO) remained very close to its recovery target, followed by Gujranwala Electric Power Company (GEPCO) and Lahore Electric Supply Company (LESCO) by showing their recoveries as 99.8 percent, 98 percent and 97.67 percent respectively during 2018-19, said Performance Evaluation Report of National Electric Power Regulatory Authority (NEPRA) for the fiscal year 2018-19. However, none of the DISCO has achieved the milestone of 100 percent recovery. According to details, against a target of 100 percent, the actual recovery of Peshawar Electric Supply Company (PESCO) stood…

Read More

Karachi — Pakistan may auction unutilized LNG regasification capacity of around 300 MMcf/d available at the government-owned Gasport Terminal in an effort to reduce the financial burden, Abdullah Ghais Paracha, chairman of the All Pakistan CNG Association, told S&P Global Platts. The country’s Economic Coordination Committee in July approved a proposal to give third parties access to its LNG receiving facilities by selling capacity not utilized by the state-run importer, a move industry officials say would encourage more private sector participation in the country’s LNG sector. Ghais said the government’s plan…

Read More

Looming Energy Crisis September 24, 2020 Warnings from both the Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) about confirmed gas shortages for Punjab and Sindh respectively, means that residential consumers and businesses are in for a tough winter. Federal Energy Minister Omar Ayub had, as early as the start of August, informed a Senate standing committee that the problem of gas loadshedding would continue this winter as countrywide demand for gas had risen to 7.5 billion cubic feet per day while supply would fall short…

Read More

Volkswagen will leverage its global footprint to profitably produce a new all-electric SUV called the ID.4. The vehicle, which will be produced at five factories on three continents, targets mainstream buyers, starting at $39,995 when it arrives in U.S. showrooms early next year. Pricing excludes an up to $7,500 federal tax credit to purchase electric vehicles. “This is truly a breathtaking global car,” Scott Keogh, CEO of Volkswagen Group of America, said during a media briefing ahead of the vehicle’s online reveal Wednesday. “I think the upside of that is it’s…

Read More

KARACHI: As textile exporters continue to face gas shortages, Sindh Government Spokesperson and Adviser to Chief Minister Barrister Murtaza Wahab on Tuesday urged the federal government to immediately resolve gas shortage issues being faced by Karachi-based industrialists. Addressing Korangi Association of Trade and Industry (Kati) members on Tuesday, he said that Sindh has first right on the gas which is discovered from the province but the federation has deprived the city and province of this right. He said that industry is our top priority and Sindh government is ready to…

Read More