Month: May 2022

Wapda chairman charge

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The government has decided to give charge of the Water and Power Development Authority chairman to Mr Naveed Asghar (Wapda’s member finance), as a summary has been moved to the office of the prime minister and the cabinet division in this regard. “After resignation of retired Lt-Gen Muzammil Hussain, the ministry of water resources has moved a summary to the PM office for giving charge of the office of the chairman to member finance, Naveed Asghar. Hopefully, it will be approved by the cabinet in its meeting tentatively scheduled for…

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Gas utilities struggling to control system losses

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Despite surging oil and gas prices on the global market and the resultant rise in the import bill of two essential commodities in recent months, the two gas utilities are struggling to control their heavy losses against regulatory targets approved by the government. In the first two quarters of the current fiscal year (i.e. July-September and October-December), both gas utilities — Sui Southern Gas Company Limited (SSGCL) and Sui Northern Gas Pipelines Limited (SNGPL) — couldn’t achieve unaccounted-for gas (UFG) reduction targets, according to latest performance report of the petroleum…

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K-Electric awards $84mn EPC contract to Siemens Pakistan

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Karachi’s power utility K-Electric has awarded an Engineering, Procurement and Construction (EPC) contract for the construction of 500/220 kV Grid at KANUPP – K-Electric Interconnection (KKI) to Siemens (Pakistan) Engineering Company Limited. In its notice to the Pakistan Stock Exchange (PSX) on Friday, the Karachi-based electric supply company informed that the estimated value of the EPC contract is around $84 million (Rs15.68 billion). The construction of the grid station would allow the company to meet the increasing electricity demand of industrial, commercial, and residential sectors across Karachi, the notice added.…

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NTDC fined Rs50m for failing to restore power in timely manner during last year’s countrywide breakdown

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The National Electric Power Regulatory Authority (Nepra) on Friday imposed a fine of Rs50 million on the National Transmission and Despatch Company (NTDC) for its “inability to restore power supply in a timely manner” in the wake of the “total power system collapse” that occurred in January 2021. According to the regulator, it took approximately 20 hours to restore the system. In a press release, Nepra said that it had taken serious notice of the incident and constituted an inquiry committee to investigate the matter in light of its laws, rules…

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Pakistan Petroleum begins oil & gas production from DS X-1 well

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Pakistan Petroleum Limited (PPL), the state-owned supplier of natural gas and petroleum products, has commissioned the recently installed Oil Handling Facilities (OHF) and commenced production from discovery well DS X-1 in Dhok Sultan Block, situated in the Province of Punjab. In a filing on the bourse on Friday, the company said it is an operator of the Dhok Sultan Block and holds 75% working interest in it, while Government Holdings (Private) Limited (GHPL) holds 25% working interest. “The current production rates from DS X-1 are ~ 5 MMscfd gas, ~…

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