Month: February 2021

Power tariff hiked by Rs1.53 per unit

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The National Electric Power Regulatory Authority (Nepra) on Wednesday increased power tariff by Rs1.53 per unit on account of monthly fuel charges adjustment (FCA) for December 2020. The increase will be applicable to consumers of all power distribution companies, except for K-Electric. The power distribution companies would collect the amount from consumers in the bills for February 2021. The regulator allowed the increase as the power distribution companies charged less than the actual cost of electricity generated from different fuels in December. The Central Power Purchasing Agency-Guarantee (CPPA-G), on behalf…

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Ogra allows Rs13.4 rate increase to SNGPL

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ISLAMABAD: Rejecting a re­­quest for 123 per cent increase, the Oil & Gas Regulatory Authority (Ogra) on Wednesday allowed Rs13.42 per unit (2pc) raise in the prescribed price for Lahore-based Sui Northern Gas Pipelines Ltd (SNGPL). The increase was determined on the request of gas utility on the basis of its estimated revenue requirement (ERR) for 2020-21. The regulator said it provisionally determined the shortfall in revenue required for the SNGPL at Rs4.35bn. “Accordingly, the revenue required for SNGPL is provisionally determined at Rs228.7bn and prescribed at Rs644 per million…

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NAB, Nepra to keep an eye on IPPs: minister

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Says talks with banks under way to double their debt repayment tenure with IPPs• Four Discos to be given to private sector to curtail losses ISLAMABAD: The government on Wednesday said the National Accountability Bureau (NAB), National Electric Power Regulatory Authority (Nepra) or Securities and Exchange Commission of Pakistan (SECP) would be free to proceed against independent power producers (IPPs) for any misdeed or criminality even after they agreed to give about Rs770 billion discount over the remaining 20-year life of their contracts. At the same time, the government is…

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Sindh govt to set up 200MW power plant

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The Sindh government has decided to set up a 200-megawatt power plant based on solid civic waste as primary fuel in Karachi as the city of ports generates around 8,000 tons of waste every day. The decision was taken at a meeting chaired by Sindh Minister for Local Government, Information, Religious Affairs and Forests Syed Nasir Hussain Shah and Sindh Minister for Energy Imtiaz Ahmed Sheikh on Wednesday. The meeting decided to develop the project at a fast pace and make it “operational as soon as possible”, said a statement…

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Energy ministry warned of LNG supply chain disruption

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LAHORE: Pakistan LNG Limited (PLL) has warned the Ministry of Energy (MoE) of massive disruption in the liquefied natural gas supply chain in near future if Rs6.5 billion payments are not released by the Sui Northern Gas Pipelines Limited (SNGPL). The PLL, which already defaulted with the United Bank Limited (UBL) for LNG supply payment last week, has in a recent communication to the MoE complained that the SNGPL has failed to release payment on an urgent basis despite repeated requests. “Please refer to our letter No. PLL/FA/2021/01/25-01 of Jan…

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