The Oil and Gas Regulatory Authority (OGRA) has announced the resumption of issuing CNG licences 12 years after the Authority first slapped a ban on the practice, reported 24NewsHD TV channel. The Ogra got published advertisements in the newspapers asking citizens to apply for CNG licences to be run on RNLG.
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KARACHI: K-Electric’s flagship 900-MW power plant, BQPS-III is progressing on fast track and the gas turbine, generator and heat recovery boiler for the first unit of 450-MW has arrived at the power utility’s Bin Qasim Power Complex, said KE’s CEO Moonis Alvi here at a press briefing. Steam Turbine and Transformers for the first unit are on the way to the site. All relevant civil works are progressing swiftly for the installation with the target of ensuring that the first unit is ready to be commissioned by the summer of…
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ISLAMABAD: The state-owned electric generation companies (GENCOs) have defaulted on payment of Pakistan State Oil (PSO) by Rs131.581 billion with Sui Northern Gas Pipelines Limited (SNGPL) also failing to clear the LNG payments of Rs107.093 billion. Pakistan International Airlines (PIA) is not behind in the race as it has so far defaulted on payment of Rs20.802 billion, unfolds the financial daily position of the Pakistan State Oil as of January 19, 2021 available with The News. Moreover, HUBCO and KAPCO owe PSO Rs65 billion. The data about the daily financial…
Read MoreISLAMABAD: The government is currently in a fix on LNG bids it received for the month of March and is making its mind either to stick with the bids which are at higher side or go for retendering as the LNG availability in the international market has started improving. The LNG value has tumbled by $2 per MMBTU in recent days. Top sources in the Petroleum Division told The News that authorities concerned are thinking as to whether they should go for retendering or not. They said that although the…
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ISLAMABAD: The government on Wednesday said it would publish the inquiry report on the recent countrywide power breakdown within a few days, insisting that no favour had been given to independent power producers (IPPs) in recent negotiations. “No NRO has been given to the IPPs; it’s all a misconception. We have to look into ways to rationalise the pacts signed under power policies of 1994, 2002 and 2006,” Minster for Energy Omar Ayub Khan told the National Assembly’s Standing Committee on Power. He was responding to the comments by members…
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