Rs135bln paid to 20 IPPs as second installment

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The government has released second installment of Rs135 billion to 20 Independent Power Producers (IPPs) against their total outstanding receivables for selling electricity to Central Power Purchasing Agency (CPPA), it said on Tuesday. The released amount is 60 percent of total outstanding receivables as the government had paid 40 percent in first installment in June this year, thus repaying IPPs…

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Talks begin with Canadian firm to settle Reko Diq dispute

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The Government of Pakistan (GoP) and M/s Barrick Gold PLC Canada are said to have started negotiations to settle the dispute on Reko Diq as M/s Antofagasta of Chile is seeking financial settlement of their share in the award of $6 billion, well informed sources told this correspondent. Sharing the details, the sources said, on July 17, 2019, a Tribunal…

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Cabinet Rejects Audit Report on Covid-19 Spending

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The federal cabinet on Tuesday rejected the recently-released audit report which hinted at billions of rupees of irregularities in Covid-19 expenditure, vaccination process and Ehsaas relief programme. The cabinet meeting presided over by Prime Minister Imran Khan also asserted that the Election Commission of Pakistan (ECP) was bound to hold the next general elections on the basis of electronic voting machines (EVMs)…

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NTDC to Boost Transmission Capacity to 27,000mw Before Summer

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With easing of bottleneck in the national grid, NTDC will be able to supply around 27,000mw of power by June 2022 against earlier volume of 25,000mw. “We are working on these technical limitations in order to ensure smooth power supply to major load centers”, he said and adding priority has been given to the augmentation work involving 13 different segments…

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OGRA Reduces LPG Price by Rs168.91Per 11.8-KG Cylinder

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ISLAMABAD (Dunya News) – Oil and Gas Regulatory Authority (OGRA) on Tuesday issued a price-revision notification of Liquefied Petroleum Gas (LPG) for the month of December, decreasing the commodity price by Rs168.91 per 11.8-KG cylinder. According to the notification, the authority reduced the locally produced LPG price by Rs14.31 per kilogram. After the revised price, the LPG cylinder would be…

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Latest Petrol Price in Pakistan From Dec 1

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The government on Tuesday decided to leave the prices of petrol, kerosene, and light diesel unchanged till December 15, a notification from the Finance Division read. According to the notification, the new prices will be effective from December 1. The petrol price will remain unchanged at Rs145.82 per litre, and the price of diesel will remain Rs142.62 per litre as…

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Why the Energy Transition Will Be So Complicated

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To appreciate the complexities of the competing demands between climate action and the continued need for energy, consider the story of an award—one that the recipient very much did not want and, indeed, did not bother to pick up. It began when Innovex Downhole Solutions, a Texas-based company that provides technical services to the oil and gas industry, ordered 400…

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Byco Petroleum Pakistan Limited is now Cnergyico Pk Ltd.

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Karachi, December 01, 2021: Byco Petroleum Pakistan Limited (BPPL), Pakistan’s largest oil refinery in terms of both design and installed capacity, has announced that it would change its name from Byco Petroleum to Cnergyico Pk Limited. Commenting on the occasion Mr. Amir Abbassciy, Chief Executive Officer – Cnergyico Pk Ltd, said, “The journey from Bosicor to Byco and then Cnergyico…

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China-Pakistan Belt and Road Initiative Hits Buffers

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In Gwadar, a developing port town in southwest Pakistan, Adam Qadir Baksh had been hoping for a major leap forward in his automobile spare parts business since 2015, but it has not happened in the absence of the vital Chinese tailwind once promised. “There has been no benefit from the China-Pakistan Economic Corridor for local parts vendors and other suppliers,”…

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Sungrow Power Day Seminar 2021 – Karachi Chapter

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The Sindh government with its aim to utilize massive solar energy potential of the province is working to unveil a policy to establish mini/micro grids to energies the off-grid villages at the most affordable cost in partnership with the private sector.Sindh government’s Secretary for the Energy Department, Abu Bakar Madani, stated this while speaking as the chief guest at the…

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