Month: January 2022

Deduction in CPP invoice: Hubco serves dispute notice to CPPA-G

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M/s Hubco has served dispute notice to Central Power Purchasing Agency –Guaranteed (CPPA-G) under Power Purchase Agency (PPA) on deductions made in the company’s Capacity Purchase Price (CPP) invoice for the period of July-September 2021, well informed sources told Business Recorder. M/s Hubco’s Chief Executive Officer (CEO), Kamran Kamal, in a letter to CEO, CPPA-G has elaborated on the reasons for sending dispute notice to the power purchaser. According to Kamal, the letter is a continuation of various discussions, WhatsApp messages, Hubco’s letter of November 12, 2021 and subsequent exchange of…

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40pc of Agreed Amount: 12 IPPs Paid Over Rs 60bn as First Installment

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Power Division is said to have paid over Rs 60 billion to 12 IPPs of Power Policy 2002, 40 per cent of total agreed amount as first instalment, well informed sources told Business Recorder. The following IPPs has been paid 40 per cent of the agreed amount: (i) Atlas Power- RFO; (ii) Attock Gen- RFO;(iii) Engro Energy-gas ;(iv) Saif Power- RLNG ;(v) Halmore Power- RLNG;(vi) Hub Power(Narowal) – RFO ;(vii) Liberty Power- RFO ;(viii) Nishat Power- RFO;(ix) Orient Power- RLNG ;(x) Foundation Power (Dharaki)- gas;(xi) Nishat Chunian and (xii) Saphire Electric…

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Govt to protect public health, environment from chemicals’ impact: Zartaj

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Minister of State for Climate Change Zartaj Gul Thursday said the incumbent government is committed to protect public health and environment from devastating impacts of toxic chemicals and hazardous waste materials through their management in scientific manner. Addressing a national event here, the state minister noted that management of hazardous waste materials in improper and unscientific manner over the years in the country and their collection, treatment, and disposal of waste material had been causing significant harm to human health and the environment. “But, now in the light of the…

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Taxing Renewable Energy

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The imposition of 17pc sales tax on solar energy equipment, as proposed in the Finance Supplementary Bill, 2021, runs counter to the prime minister’s vision of boosting the share of renewables in the overall energy mix to protect the environment and cut reliance on expensive imported fossil fuels. The increase inthe price of solar energy, owing to the withdrawal of the sales tax exemption, will likely hit the adoption of solar energy in the country, especially by middle-class homeowners, slowing down Pakistan’s progress towards clean energy as promised in the…

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Delay in Gas Import IRKS Senate Body

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The Senate Standing Committee on Petroleum on Thursday expressed dismay over the “casual attitude” of some government departments leading to delays in import of liquefied natural gas (LNG) and liquefied petroleum gas (LPG) by the private sector. The committee was briefed by the officials of various government entities, including the Sui Northern Gas Pipelines Ltd (SNGPL), and petroleum secretary Ali Raza Bhutta. Committee chairman Senator Abdul Qadir inquired about the reasons for delays in the import of LNG during the winter months. Other committee members also inquired about the sale…

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