January 2022
Day: January 14, 2022
Govt may revise gas priority list to ensure smart use
The Ministry of Energy is seriously considering to amend Merit Order for gas allocation on ability to pay, while assigning priority on the basis of various variables like best tariff, best customer, best use of resource, and financial sustainability,” a senior official told The News. “Such an arrangement will ensure smart use of natural gas, which is a scarce commodity,” he added. The new gas allocation policy will also help in curtailing energy sector circular debt. One of the factors leading to snowballing of circular debt is said to be…
Read MoreNatural gas inflow to Turkish system hit historic high in 2021
Natural gas inflow to Turkey’s gas network saw a year-over-year increase of around 23.2% to 61.6 billion cubic meters (bcm) in 2021, according to data from the Turkish Petroleum Pipeline Corporation (BOTAŞ). In 2020, around 50 bcm of natural gas was distributed through the Turkish natural gas system. As the country’s natural gas export volume is relatively low, it is anticipated that total consumption will be close to the inflow volume. The increase in electricity production from natural gas due to the lack of sufficient generation from hydroelectric power plants…
Read MoreChinese manufacturers mull relocating units to Pakistan: Khalid Mansoor
China-Pakistan Economic Corridor (CPEC) tsar Khalid Mansoor said on Thursday Chinese businesses have shown willingness to relocate their production facilities to Pakistan if the ongoing trade war between China and the United States escalates further. Speaking at a conference of business leaders, the special assistant to the prime minister on CPEC affairs said two to three investors have approached him for the possible relocation of their manufacturing units to Pakistan. “[They said] create a vocational and training institute [as] we’re going to need 100,000 talent of Pakistan in the next…
Read MoreNepra allows Rs4.30 per unit tariff hike
Amid a dissenting note by two of its members and despite 67 per cent of power coming from cheap domestic resources with static prices, the National Electric Power Regulatory Authority (Nepra) on Thursday allowed ex-Wapda distribution companies (Discos) to charge their consumers an additional fuel cost of Rs4.30 per unit during the current billing month to mop up about Rs35 billion additional funds. The “adjustment of an increase of Rs4.3020/kWh shall be applicable to all the consumer categories except lifeline consumers of all the XWDiscos”, said the regulator in a…
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