Month: June 2021

 Islamabad: Byco Petroleum Pakistan Limited is set to buy Puma Energy, an oil marketing company, to expand its retail outlets’ operations. It has also made a turnaround and has ambitious plans to set up upgradation plants, but it also focuses on enhancing its retail outlet to capture market share. Byco Petroleum has also turned into an impressive Net Profit of Rs. 2.17 Billion during the first nine months of the ongoing financial year. It has displayed strong growth by jumping up 4.5 times a year yearly to Rs 5.47 billion for nine months of…

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Whatever the real reasons for the nationwide power distribution/generation bottlenecks and however much the shortfall, it is the duty of the government of the day to answer for them as well as to address them. Yet the way in which Minister for Energy Hammad Azhar deflected criticism in the House, even from Pakistan Tehreek-e-Insaf’s (PTI’s) own MNAs, inspired little confidence and showed that the ruling party’s game plan still doesn’t extend beyond blaming opposition parties, especially the last two to form governments in the centre, for just about everything that…

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National Transmission and Despatch Company (NTDC) said on Tuesday that the country will continue to face power load-shedding in the coming years due to system constraints and other factors. This presumption was shared during a public hearing on Indicative Generation Capacity Expansion Plan (IGCEP), 2021-30, held in Nepra and attended by over a dozen energy sector experts, representatives of Planning Commission, the Sindh government and other organisations also attended the hearing through video link. The 10-year IGCEP will be reviewed each year. Chairman Nepra, Tauseef. H. Farooqi, Rafique Ahmad Shaikh,…

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Residents of Karachi are suffering due to the fight between Sui Southern Gas Company (SSGC) and K-Electric, said National Electric Power Regulatory Authority (Nepra) chairman in remarks over delay in signing of a gas supply agreement between the two companies. Nepra Chairman Tauseef H Farooqi, while presiding over a hearing on the quarterly tariff adjustment for K-Electric, expressed displeasure over load-shedding in the night in Karachi. “We have asked you not to carry out night-time load-shedding in Karachi, then why are you doing it,” he asked. K-Electric has filed a…

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While reserving its judgement on tariff increase, the National Electric Power Regulatory Authority (Nepra) on Tuesday expressed displeasure over night time power cuts in Karachi owing to administrative and financial disputes of K-Electric and Sui Southern Gas Company Ltd (SSGCL). Presiding over the a public hearing on quarterly adjustment of KE’s petition for 37 paisa per unit increase in tariff, Nepra Chairman Tauseef H. Farooqi observed that it was unfortunate that people of Karachi were suffering due to a fight between SSGCL and K-Electric. He was referring to inordinate delays…

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