Month: January 2023

Central Power Purchasing Agency-Guaranteed (CPPA-G) has sought negative adjustment of Rs2.20 per unit in Discos’ tariffs for December 2022 under monthly Fuel Charges Adjustment (FCA), National Electric Power Regulator Authority (Nepra) will hold a public hearing on January 30, 2023 on CPPA-G’s request of adjustment in Discos’ tariffs. According to data submitted to Nepra, in December 2022, hydel generation was 1,720.43 GWh constituting 20.44 percent of total generation. Power generation from coal-fired power plants was 1,521 GWh in December 2022 which was 18.07 percent of total generation at a price…

Read More

Oil and Gas Regulatory Authority (OGRA) has taken serious notice of the complaints regarding overcharging of end consumer LPG Price. OGRA Enforcement Teams have been mobilized to take cognizance of the matter and to ensure sale of LPG at notified prices to provide relief to the end consumers and to initiate action against the violators under the applicable Rules/Laws.OGRA-Enforcement Teams have visited various LPG Plants recently in the vicinity of Lahore & Islamabad to check/ monitor LPG Prices and safety. During the visit, all LPG Plants were directed to ensure…

Read More

Mari Petroleum Company Limited (MARI), one of Pakistan’s largest petroleum exploration and production companies, announced that it has initiated gas supply from Phase-II of Sachal Gas Processing Complex (SGPC), formerly known as GTH Gas Processing Facilities, on Friday. “We are pleased to announce that MARI has successfully completed the construction of SGPC Phase-II facilities to process low Btu gas from Goru-B reservoir of Mari Gas Field, Daharki, Sindh,” said the company in its notice to the Pakistan Stock Exchange (PSX). The company shared that the phased commissioning and performance testing…

Read More

Investors in solar power projects have aired serious concern over the blocking of equipment imports by the central bank, saying such restrictions have led to a halt in project implementation. The issue was taken up in a meeting National Electric Power Regulatory Authority (Nepra) held with small and large solar power project owners, especially those who were working in Balochistan. It was noted that there were several areas in Balochistan that had huge opportunities for developing solar energy projects and in such a situation, people could come forward to finance…

Read More

Pak-Arab Refinery Limited (PARCO) has a signed a memorandum of understanding (MoU) with two foreign companies to explore opportunities in sustainable fuels and feedstock production in Pakistan, a statement said on Thursday. UAE-based Mubadala Energy and an Austrian petrochemical firm OMV Downstream GmbH (OMV) to help PARCO find out possibilities of pursuing projects in circular economy initiatives, including sustainable fuels, plastics production and recycling, feedstock, and development of synthetic oil and chemical products. The collaboration seeks to utilise cutting edge technologies while leveraging existing infrastructure and market access. The agreement…

Read More