Month: April 2022

Bangladesh Opts to Sell Surplus Power to Neighbours

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As part of the power sector master plans, Bangladesh started cross-border energy trade with neighbouring India in 2013 with only 500 megawatts of electricity import. Over the years, electricity import from India has climbed up to 1,160MW which is around 10% of Bangladesh’s total power consumption. Every year, Bangladesh pays around Tk5,000 crore to India for importing electricity through cross-border transmission lines. Nepal, Bhutan, and other neighbouring countries buy and sell electricity across borders with India through the Indian Energy Exchange. Bangladesh has been concerned with its surplus power during…

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Why aren’t US Oil Producers Drilling More as Prices Rise?

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In a free market, the saying goes, high prices cure high prices. If some good or service costs a lot, people will see an opportunity to make money producing more of it, thus driving down the price. Reality is messier. Oil prices have now risen to $104 a barrel. But investments in producing more, as measured by the number of oil rigs actively drilling for oil and gas, have barely responded. Since oil prices bottomed out in the middle of 2020, they have nearly doubled, but the number of new rigs…

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NEPRA Clarification

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A spokesperson for Nepra has brushed aside accusations against Chairman Nepra, Tauseef H Farooqi with regard to his appointment and other issues. According to spokesperson, in the recent past news were published in media wherein about numerous litigations against the Chairman NEPRA before different forums, clarifying that all those cases were frivolous and filed by habitual litigants for ulterior motives whatsoever, therefore, all cases has been dismissed. The spokesperson maintained that in spite of dismissal of other write petitions, one more Writ Petition tiled as Tanveer Ahmad v GOP &…

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Muddled affairs in NAB cases

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The logical conclusion of cases and references especially those where high profile personalities are involved remains a far cry. The reference in question that was filed against former prime minister Syed Yusaf Raza Gilani, incumbent National Assembly Speaker Raja Pervaiz Ashraf and others related to the ‘illegal’ appointment of Tauqeer Sadiq as chairman of the Oil and Gas Regulatory Authority (OGRA), remains inconclusive. Lately, the National Accountability Bureau (NAB) has challenged the acquittal of Syed Yusaf Raza Gilani, Raja Pervaiz Ashraf, former federal secretaries Sikander Hayat Maken and Shoukat Hayat…

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Punjab seeks Power Division’s help for signing of EPAs

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Ministry of Energy, Punjab has sought Power Division’s help for signing of Energy Purchase Agreements (EPAs) with four small hydropower projects established at different locations. Secretary Energy, Punjab, Amir Jan has written a letter to Secretary Power Division, saying the letter is in continuation of previous correspondence made on finalization and signing of EPA for hydropower projects being developed on canal falls in Punjab, with request to issue direction to nominating either the CPPA-G or the concerned Discos for signing of EPA. Renewable Energy Development Sector Investment Programme (REDSIP) envisaged…

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