Year: 2021

Power consumers should get ready to bear power price hike by approximately Rs 1.95 per unit and National Electric Power Regulatory Authority (NEPRA) is likely to announce a final decision in this regard very soon. On Thursday, NEPRA conducted a public hearing regarding fuel charges adjustments (FCA) for the month of August 2021 for power distribution companies (DISCOs). However, the authority (NEPRA) has reserved its judgment in this regard. Sources in the power sector said that NEPRA is likely to jack up power tariff by Rs 1.95 under the head…

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Prime Minister Imran Khan Thursday expressed optimism that state-of-the-art Matiari to Lahore transmission line with four percent line losses was the need of the country to lessen the burden of expensive electricity on the consumers, who have been paying the cost of high line losses of the power sector. Speaking after inaugurating Matiari to Lahore 600kV transmission line here Thursday, the premier also touched the issue of inflation and expressed the hope that soon prices would come down in the domestic market because there are prospects of swift recovery from…

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Asian liquefied natural gas (LNG) spot price rose to a record high on Thursday on the back of robust demand for the super-chilled fuel and low supply. A combination of low stocks and strong demand for gas have pushed up prices in Europe, while a colder than expected winter in North Asia is fuelling the price surge. Price agency S&P Global Platts said on Thursday that its Japan-Korea-Marker (JKM), which is widely used as a benchmark for spot LNG contracts, rose to $34.47 per million British thermal units (mmBtu). It…

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China is paying the most on record for the dirtiest type of coal, showing how the power crisis is turbo-charging Asian energy markets. The price of a variety of lignite coal from Indonesia surged to $110 to $120 a ton this week due to rising demand from China and falling production from mines in Kalimantan, said traders who buy and sell the grade. That’s up from last year when some shipments sold for as little as $20 to $25 per ton. The increase in demand for what’s regarded as one…

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