Year: 2021

The augmentation and upgradation plan of transmission and distribution networks in Punjab will be submitted to the Cabinet Committee on Energy (CCoE) next week to make it loadshedding-free province by the coming summer, said sources. Under the plan, the transmission and distribution networks of both the National Transmission & Despatch Company (NTDC) and five distribution companies (DISCOs), including IESCO, LESCO, FESCO, GEPCO, and MEPCO, would be upgraded to meet the five percent growth in the demand for electricity by the next summer, sources added. According to the sources, the ministry…

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Secretary Energy and Power Khyber Pakhtunkhwa, Imtiaz Hussain Shah here Thursday stressed to complete ongoing projects of energy sector within stipulated time and said that negligence and dereliction of duties shall not be tolerated. He said this in a briefing after assuming charge of Secretary Power and Energy on Thursday. He said that officials should make efforts to complete energy sector projects within time and avoid using tactics to increase their service tenure by delaying and prolonging these schemes. He said that productivity of energy department would be increased and…

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K-Electric has requested the National Electric Power Regulatory Authority (Nepra) to increase the per unit price of electricity by Rs3.45 for the month of September. The Nepra will hear the appeal from K-Electric on November 3. If the request is approved, the increase will mean an additional burden of Rs6 billion on Karachi consumers. A day earlier, the Central Power Purchasing Company (CPPC), too, sent an application to the Nepra demanding increase in the electricity tariff by Rs2.65 per unit under the fuel adjustment price. It argued that the increase…

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Pakistan has succeeded in securing cargoes of liquefied natural gas (LNG) from Qatar at competitive price to meet winter demand amid unprecedented surging energy costs for the consumers. “We have got most LNG cargoes in line for November, December and January period,” said Federal Minister for Energy, Hammad Azhar on Thursday. The government has been able to source LNG cargoes for winter months from Qatar under long term deal. “Some of the import shipments are from the new Qatar agreement at 10.2 percent of Brent,” Azhar added. The minister confirmed…

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The Senate Standing Committee on Finance has recommended to the Federal Board of Revenue (FBR) to immediately withdraw its new instructions with regard to attachment of the bank accounts for recovery of tax and intimate the chairman secretariat in this regard. The finance committee also strongly opposed mandatory condition of the corporate sector to make payments through digital payment mode. The meeting presided over by Senator Talha Mahmood after hearing the view point of the Member Operation FBR, Qaiser Iqbal, and input of the members of the committee unanimously, decided…

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