Month: September 2023

KE willing to join RE project of Saudi firm

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k-electric

ISLAMABAD: K-Electric (KE) has expressed willingness to become partner in 3,000-MW Renewable Energy (RE) project of Saudi company M/s ACWA, which requires Government to Government (G2G) arrangement between Pakistan and Saudi Arabia. In response to a letter of Power Division of August 24, 2023, wherein the KE has been requested to provide its views with regard to the Expression of Interest (EoI) submitted by ACWA Power for the development of up to 3,000MW of Renewable Energy (RE) project, Chief Executive Officer KE, Syed Moonis Abdullah Alvi, stated that the intent…

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Dasu transmission line: NTDC asked to stop release of remaining payments

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power-energy

ISLAMABAD: The Senate Standing Committee on Power has asked National Transmission and Despatch Company (NTDC) to stop remaining payment of all contractors and consultants of 765-kV double circuit transmission line of Dasu Hydropower station. The Standing Committee headed by Senator Saifullah Abro has also submitted its report to Chairman Senate Sadiq Sanjrani who directed the former to also share it with Power Division. According to the report, Chairman Committee enquired from Company Secretary, NTDC, whether the relevant Clause is 3.26 of the World Bank regulations who told him to quote…

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Power Division shares CDMP with IMF, World Bank

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power-tariff

Official argues average tariff will remain Rs 42 or Rs 43 per unit as no substantial variation is expected in estimates of CDMP ISLAMABAD: The Power Division has shared the Circular Debt Management Plan (CDMP) with the International Monetary Fund (IMF) and the World Bank, which became the base for revision in base tariff including impact of Quarterly Tariff Adjustments (QTAs), well-informed sources told Business Recorder. “When Nepra approved re-basing in tariff in July, 2023, CDMP got approved from the federal cabinet after which no adjustment has been made in CDMP,”…

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Crackdown against gas pilferers continues

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gas-shortage

LAHORE: In a continued effort to combat gas theft, Sui Northern Gas Pipelines Limited (SNGPL) conducted raids in Punjab, Khyber-Pakhtunkhwa (K-P), and Islamabad, resulting in the disconnection of 163 illegal connections and the imposition of fines totalling Rs4.2 million. In Peshawar, the company disconnected 32 connections due to the direct use of gas and illegal connections, with a fine of Rs2 million imposed for gas theft. Additionally, the regional team filed three FIRs against gas thieves. In Rawalpindi, eight gas connections were disconnected, and a fine of Rs17,000 was imposed…

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Discos set to squeeze Rs30bn more from users

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power-sector

• Seek Rs1.83 per unit increase in Oct bills under fuel cost adjustment; lifeline, protected domestic consumers will be exempted• Rise sought even though 74pc of power generation in Aug attributed to cheaper fuels ISLAMABAD: Despite the nearly 26pc increase in annual base tariff already in place, and about 18pc quarterly adjustments in the approval process, there appears to be no end to rising electricity costs as ex-Wapda Distribution Companies (Discos) have sought another Rs1.83 per unit in fuel cost adjustment (FCA) to squeeze Rs30bn more from consumers next month.…

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