Month: September 2022

Financial advisers of the National Power Parks Management Company Limited (NPPMCL) — which owns and operates two LNG-fired plants with a combined capacity of around 2,500 megawatts — have asked the government to immediately finalise gas-sale and power-purchase agreements, debt recapitalisation and payment mechanism if it wanted an early sale of the two units to Qatar. The government is trying to sell off the two power plants — the 1,223MW plant in Kasur’s Balloki area and the 1,230MW Haveli Bahadur Shah plant in Jhang — to Qatar on a government-to-government…

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Petroleum dealers on Saturday warned the government of a countrywide strike if the latter tried to railroad the proposed oil sector deregulation plan without bringing them and other stakeholders on board, The News has learnt. “We will reject the decision, if taken behind our back,” said Abdul Sami Khan, Chairman Pakistan Petroleum Dealers Association (PPDA), at a ceremony. “It is seriously ironic that OGRA (Oil & Gas Regulatory Authority) has so far not consulted the dealers regarding the proposed deregulation of prices of petroleum products.” He said the dealers would…

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WITH K-Electric’s (KE) move to increase per-unit charges and the failure of the National Electric Power Regulatory Authority (Nepra) in not finding anything wrong with it, new fuel adjustment charges have added to the worries of the people of Karachi. The KE has only increased its customers’ anxiety and mental agony as it levied fuel adjustment charges on units consumed in May and June as well, inflating the bills to an unbearable level. Thousands of customers are finding it hard to pay these exorbitant amounts in bills. It does not…

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The National Electric Power Regulatory Authority (Nepra) has announced a deduction of Rs4.11 per unit in power tariff for K-Electric consumers in electricity bills for September. According to a notification, the decline in tariff was made under fuel adjustment charges and the K-Electric consumers will get a relief of Rs4.11 per unit in September. The lifeline consumers of the power utility will, however, not be able to avail the relief. On August 11, Nepra increased the power tariff for K-Electric consumers by Rs11.10 per unit. The approval was given in…

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Pakistan State Oil (PSO) has urged Power Division to revisit furnace oil demand for the month of October 2022, keeping in view considerable variance in demand and upliftment in September 2022, well informed sources told Business Recorder. PSO, in its three letters written in May, June, July and August 2022, had firmed up its supply plan in line with Ministry of Energy (Power Division) demand/ customer demand for May,2022 to August, 2022 periods. However, the actual upliftment by the power plants has been significantly less in comparison to Power Division demand,…

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