Month: January 2022

Two urea fertilizer plants on SNGPL system: MoI&P needs Rs5bn subsidy for RLNG supply

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Ministry of Industries and Production (MoI&P) is to seek supplementary grant of Rs 5 billion to ensure supply of RLNG to two urea fertilizer plants on SNGPL system till March 2022. This decision was taken at a recent meeting of the ECC, which was ratified by the Federal Cabinet on January 25, 2022. Sharing the details, sources said, a Fertilizer Review Committee (FRC) meeting was convened to assess the situation on December 24, 2021, wherein Minister for MoI&P, after detailed deliberations, announced that SNGPL-based plants would run till March 2022,…

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Pak Finance ministry says debt burden is Rs 11.8 trillion higher than legally allowed limit

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Pakistan Ministry of Finance showed that the federal government’s burden was Rs 11.8 trillion higher than legally allowed limit set by parliament and that some targets fixed under the debt management strategy were also breached. The cost of interest payments also reduced from USD 2 billion to USD 1.5 billion due to debt suspension initiative by the G20 countries. The government’s reliance on highly expensive and shorter-term foreign debt also further increased due to its decision to increase dependency on foreign commercial banks and Naya The government’s reliance on domestic…

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Chinese PV Industry Brief: Longi was the world’s largest module manufacturer in 2021

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According to PVInfolink, the top 10 solar manufacturers accounted for over 160GW of shipments or a global market share of 90% in 2021.JANUARY 25, 2022  According to Taiwanese market research company PVInfolink, Chinese PV module manufacturer Longi was the world’s largest panel provider in 2021. The company was followed by Trina Solar, JA Solar, and JinkoSolar, with the latter losing the first position reached a year earlier. Canadian Solar and Risen reached the fifth and sixth positions, respectively, followed by two non-Chinese producers, Hanwha Q Cells and First Solar. Another…

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Senate panel: NEPRA chief now faces the prospect of summons

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Senate Standing Committee on Power has decided to issue summons to Chairman, National Electric Power Regulatory Authority (NEPRA) in case he fails to appear in the forthcoming meeting of the Committee. According to official documents, Chairman Standing Committee, Senator Saifullah Abro reminded Power Division officials that it was decided in the last Committee meeting that a fresh correspondence will be undertaken with NEPRA regarding the rehabilitation of the plants. Muhammad Imran, CEO, GHCL informed the Committee that CCoE will be approached for approval, and business plan will be submitted to…

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No way out yet to bail out refineries from ullage crisis

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The Petroleum Division has so far failed to wriggle the country’s refineries out of the ullage crisis that prompted them to operate with lower throughput because of increasing stock of the furnace oil in their storages, a senior official at the Energy Ministry told The News. Hammad Azhar, Federal Minister for Energy, on January 6, 2022 asked the refineries to provide subsidy on furnace oil prices, so that the use of product for power generation could be implemented. The furnace oil at discounted price will enable the government to match…

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