Day: February 21, 2021

The federal government has proposed a liquefied petroleum gas (LPG) policy that may leave the least developed province disadvantageous. Daily Times has obtained policy recommendations of a subcommittee of the Cabinet Committee on Energy, which canvass policy shift designed to defeat land imports of LPG with the objective of benefiting imports by sea. “As the land import does not attract any port charges and other related costs, except for border operation charge (around 1,300 Rs/t), a Regulatory Duty equivalent to PL on domestic LPG is recommended, only for land imports,…

Federal Minister for Energy Omer Ayub Khan on Friday said present government was clearing liabilities of the previous regimes in the power sector that had been incurring huge losses to national exchequer. Taking part in the debate in the National Assembly regarding inflation, he said that the previous government had somehow planted “landmines” in the foundation of economy. He said that the annual capacity payment to the Independent Power Producers (IPPs) was Rs185 billion in 2013, Rs468 billion in 2018 and Rs860 billion in 2020, and it would surpass Rs1,455…

The government is planning to issue a $500 million green bond in the next few months to help boost its development of hydroelectric power. The bond, denominated in euros, will be the government’s first to fund environmental goals, Malik Amin Aslam, Adviser to Prime Minister Imran Khan on Climate Change, said in an interview with Bloomberg. It is set to be issued through the country’s state-owned Water & Power Development Authority, with JPMorgan Chase & Co. advising, he said. “We’ve got a lot of hydro potential in Pakistan,” he said…

HYDERABAD: Although blessed with the Indus River, lakes, mountain streams and subsoil water, Sindh and its people continue to face myriads of water-related problems, ranging from shortage of water supply to contamination. Keeping this in view, the provincial government embarked upon the gigantic task of formulating an all-encompassing water policy, covering urban to rural water supply and drainage, over three years ago. However, questions still remain as to how comprehensive and enforceable the policy is going to be as a team of experts collects suggestions and ideas with the stated…

ISLAMABAD: The electricity rates for consumers of 10 distribution companies (Discos) of ex-Wapda may go up by about 93 paisas per unit on account of monthly fuel cost adjustment for January due to higher than estimated power generation cost. The National Electric Power Regulatory Authority (Nepra) will take up for public hearing on Feb 25 the Discos’ petition seeking increase in consumer tariff. The higher electricity rates, on approval by the regulator, would be recovered from consumers in the upcoming billing month (March). The petition for tariff increase has been…