Day: September 21, 2022

The Oil & Gas Development Company’s (OGDCL) audit department has claimed to have unearthed a questionable award of an $85 million contract for Uch Front End Compression Facility Project at Uch gas field, allegedly perpetrated by a cabal of corrupt top officials of the company, The News has learnt. According to sources, the OGDCL audit team has also recommended scrapping the said suspect contract, pleading the bidding process and the PPRA rules have been clearly breached in the process. The audit report, a copy of which is available with The…

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The K-Electric (KE) has sought about Rs4.21 per unit reduction in monthly fuel cost adjustment (FCA) to refund about Rs7.22 billion overcharged to consumers in August. The National Electric Power Regulatory Authority (Nepra) has called a public hearing on Sept 29 to examine the KE’s petition. The regulator would also judge whether the company had followed the economic merit order while giving dispatch to its power plants as well as power purchases from external sources. Last month, the KE had requested Rs3.48 per unit in FCA for electricity consumption in…

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After a delay of six days, the government finally notified the revised prices of petroleum products in the early hours of Wednesday, raising the petrol price by Rs1.45. As per the standard procedure, the notification for revised prices is issued around midnight. However, this time, the notification by the Finance Division came two hours late, around 2am. According to the notification, the price of petrol has been increased from Rs235.98 to Rs237.43. The price of High Speed Diesel (HSD) has been kept unchanged at Rs247.43. Meanwhile, the price of kerosene…

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Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Wednesday said solar energy is being prioritized all over the world, but this industry is being destroyed in Pakistan under a plan. The Prime Minister and Ministers are making announcements to generate 9000 megawatt electricity through solar energy and expand the solar industry while the bureaucracy is bent upon destroying this important sector, he said. Mian Zahid Hussain said that countries, where the sun does…

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The National Electric and Power Regulatory Authority (NEPRA) has scheduled a public hearing to amend the rules for the solar panel and net metering that can increase the bills for households using such systems.The National Electric and Power Regulatory Authority (NEPRA) has scheduled a public hearing to amend the rules for the solar panel and net metering that can increase the bills for households using such systems. The hearing is regarding the amendments in the NEPRA Alternative and Renewable Energy Distributed Generation and Net Metering Regulation, 2015, on 27 September…

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