Year: 2020

Huge relief soon as changes made to PPAs with IPPs

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ISLAMABAD: In a major breakthrough, the government has ultimately managed to earn credit for paving way towards introducing fundamental changes in the Power Purchase Agreements (PPAs) with the IPPs installed under 2002 power policy. This will ensure huge relief for the end consumers and government. However, talks are in final stages with the IPPs installed under 1994 and 2015 power policies. The government is also in talks for maximum relief through some alternation in the PPAs of the IPPs (coal based power plants and RLNG based power plants) installed under…

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Gas companies directed to resolve public issues by August 20

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ISLAMABAD: Federal Ombudsman Syed Tahir Shahbaz has directed Ogra, SNGPL and SSGPL to streamline their complaint management system and resolve all public issues on a priority basis by August 20. “Complaints against gas companies have increased by 120% during 2019 and the first six months of 2020,” the ombudsman said while chairing a high-level meeting here on Tuesday. Ogra chairman and heads of SNGPL and SSGPL were in attendance. The ombudsman directed the heads of all three agencies to implement all decisions passed by it by August 20, said a…

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Positive vibes from China for review of PPAs with IPPs

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ISLAMABAD: In another positive development, the Chinese authorities have also indicated to Pakistan’s top notches that they would also review the power purchase agreements (PPAs) of the independent power producers (IPPs) installed under China Pakistan Economic Corridor (CPEC) umbrella keeping in view the rising circular debt and other power sector financial woes adversely impacting the country’s economy, a senior top official at Power Division told The News. The official said the coal-based Port Qasim Power Plant, Sahiwal Power Plant, Hubco Power Project, Hub Balochistan, Engro Thar and UEP wind power…

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PIA is planting 50,000 trees across country in current year

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The Pakistan International Airlines while actively contributing in the Clean and Green Pakistan initiative of the government is planting 50,000 trees in the current year alone across its different stations in the country. This was disclosed by Muhammad Shoaib, company secretary PIA, while speaking at a tree plantation ceremony at PIA Township to mark the 74 Independence Day of Pakistan. The tree plantation ceremony at PIA Model Secondary School was jointly organized by the Federation of Pakistan Chambers of Commerce & Industry, PIA, and National Forum for Environment and Health…

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Tankers ship Iranian fuel cargoes to U.S. for seizure

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Tankers carrying Iranian fuel cargoes covered by a U.S. warrant for seizure are sailing to the United States after talks between U.S. authorities and ship owners, a U.S. government source and a shipping source said on Thursday. Iran had planned to transport the gasoline to Venezuela, a supply line that both Tehran and Caracas have flaunted in defiance of U.S. sanctions. Washington has imposed sanctions on both countries to choke oil exports and deprive their governments of their main source of revenue. Iranian action against another ship on Wednesday in…

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