Month: February 2021

Govt may sublet unused capacity at LNG terminals

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ISLAMABAD: The government is likely to sublet unutilised and surplus capacity at existing Lique­fied Natural Gas terminals to cut LNG tariff and restrict their further expansion to give a clear signal to private parties for investments in commercial terminals. An inter-ministerial committee, led by Planning Commission’s deputy chairman Dr Jahanzeb Khan and also comprising secretaries of finance, petroleum and maritime affairs, appointed by the federal cabinet, arrived at this conclusion though it linked a final decision on the quantity of surplus or excess capacity and its viability to a technical…

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MEI report: Circular debt to hike up to Rs4,936b by 2025

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ISLAMABAD: The circular debt is set to alarmingly increase up to Rs4,936 billion by financial year 2025 with an increase of 2.04 times from the current level of Rs2,400 billion, highlights the report on Pakistan’s Power Sector Circular Debt Causes, Consequences, and Remedies prepared by Pakistan’s leading economist Sakib Sherani of Macro Economic Insights (MEI). Sherani served as Member, Prime Minister’s Economic Advisory Council, and Principal Economic Adviser, Ministry of Finance, Government of Pakistan. The stock of circular debt is still projected by MEI to increase to over Rs3,000 billion…

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Podcast: Karachi BRT to use bio-methane as fuel for 200 buses

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KARACHI: Karachi’s Red Line BRT project will be using bio-methane made from cow dung to fuel more than 200 buses. The biomass fuel project is supported by the Asian Development Bank (ADB) and can be harnessed to power vehicles on the roads of Pakistan’s biggest city. The Express Tribune’s Fatima Sheikh sits down with Masood Alam Farooqui, an expert on renewable energy, to discuss sustainable transport and how exactly cow dung would help run the buses of the Karachi Breeze Red Line.

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Azerbaijan: Changing energy map of Eurasia

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THE “landscape” of the South Caucasus has now been drastically changed with the “miraculous” victory of Azerbaijan over Armenia. The “largest” economy of the South Caucasus in terms of GDP has been further advanced in terms of “diversification” of energy resources (production, supply, route) and socio-economic development. It has successfully changed the “energy map:” of Eurasia. The Republic of Azerbaijan has once again achieved another “milestone” by “supplying” natural gas to Europe through the “Trans Adriatic Pipeline (TAP)”. It is indeed a “giant step” towards greater “regional energy” “security” and…

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Govt jacks up power tariff by Rs1.95

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The federal government drops electricity bombshell on the people as the power tariff goes up by Rs1.95 per unit in a bid to implement uniform tariff across the country. The announcement comes as the National Electric Power Regulatory Authority (Nepra) allowed Rs1.95 per unit increase electricity rates on Friday. In line with the uniform tariff policy, the federal government also notified the increase of Rs1.95 for K-Electric customers as well. Two weeks ago, the government had announced Rs1.95 per unit tariff hike. Earlier, the regulator had allowed an increase of…

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