Year: 2021

High use of furnace oil to raise electricity bill

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As hydel generation from Tarbela dam has dropped alarmingly due to low water inflows, the consumption of furnace oil by power plants has reached to a peak level that will lead to higher electricity rates on account of fuel adjustment for the month of July. The price of furnace oil had hiked by Rs17,000 per ton following growing demand in the local market in the wake of fluctuation in global oil prices. The cost of furnace oil amounted to Rs75,000 per ton before tax,which has jumped to Rs92,000 per ton…

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Affordable power supply top priority

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Special Assistant to Prime Minister (SAPM) on Power and Petroleum Tabish Gauhar has vowed to ensure an inexpensive and reliable power generation and distribution system under the newly approved National Electricity Policy (NEP) 2021. “Seamless power supply at an affordable rate with efficient distribution is one of the top priorities of the government,” he said while speaking at the inaugural consultative session of the National Electricity Plan 2021 on Monday. He said that the approval of NEP by the Council of Common Interests (CCI) was an important development. The NEP provided goals,…

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NEPRA allows 26.44 paisa cut in power tariff

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The National Electric Power Regulatory Authority (Nepra) on Monday slashed power tariff by 26.44 paisa per unit on account of fuel cost adjustment for the month of May 2021. It allowed the Central Power Purchasing Agency-Guarantee (CPPA-G) to return 26.44 paisa per unit, which it had overcharged from electricity consumers during the month of May. The CPPA-G had requested Nepra to allow refund of the overcharged tariff of 12.5 paisa per unit to the consumers of distribution companies for May 2021 under the fuel cost adjustment (FCA) mechanism. In a statement, Nepra…

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Iran to provide more electricity to Pakistan

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Iran is ready to deliver more electricity to Pakistan and necessary infrastructure in this regard is being built, announced Iranian Ambassador to Pakistan Seyed Mohammad Ali Hosseini. During a meeting with Federal Minister for Energy Muhammad Hammad Azhar, matters relating to cooperation between the two countries in the energy sector came under discussion. Highlighting the importance of Iranian electricity import to the neighbouring districts of Balochistan, especially Gwadar, Azhar said that it was playing a pivotal role in the provision of electricity to these areas. Read More: Govt adds 1,200MW…

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FPCCI calls for equal tax on LNG

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Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Senior Vice President Khawaja Shahzeb Akram on Tuesday called for equal taxation for imported and locally-produced liquefied petroleum gas (LPG) to provide local industry a level playing field. “The FPCCI is not against the import of LPG. Still, it is against disparities in taxation,” he said while talking to the Pakistan LPG Marketers Association (PLPGMA) delegation at the FPCCI Regional Office Lahore. LPG imports should continue until local producers meet the demand in full. Local industry was under tremendous pressure against…

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