M/s Kot Addu Power Company Limited (Kapco) is said to have threatened to invoke sovereign guarantee if its tariff is not determined by National Electric Power Regulatory Authority (Nepra) as the role of the Senate Committee on Energy is ‘advisory’ in nature and it is not competent enough to issue directions, well-informed sources in Nepra told Business Recorder.
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The Petroleum Division told the Public Accounts Committee that the circular debt of the petroleum sector has increased by more than Rs500 billion during one year from Rs1,200 billion to Rs1,700 billion.
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Conference 2023, he said Pakistan was moving fast on path of economic development, said a statement received here from Bangkok.
He said the share of environment-friendly energy in Pakistan had surged to over six per cent of the total country’s energy mix. The government had also plan to switch to 30 per cent electric vehicles by 2030, he added. He said complete ban on coal import by 2030 was also part of the plan.
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The European Union is unlikely to agree to an idea to ban natural gas imports from the pipelines from Russia, where Moscow has already cut off the gas supply to Europe, EU diplomats have told POLITICO.
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Pakistan is facing penalties of as much as $18 billion if it fails to complete a gas pipeline project it is carrying out with Iran, local media have reported.
The project, which should supply some 750 million cubic feet of natural gas to Pakistan daily, has been fraught with difficulties, the chief among them
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