Year: 2023

SNGPL cracks down on theft

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MD urges nation to reduce dependency on gas, transform consumption habits LAHORE: Sui Northern Gas Pipelines Limited (SNGPL) Managing Director, Amer Tufail, addressed a press conference on Thursday, shedding light on the critical issue of gas theft and the company’s concerted efforts to combat this menace while ensuring efficient gas utilisation in the nation. Tufail began by highlighting a stark reality: the local share of gas in the total energy system is dwindling steadily, with imports now constituting a significant 50% of the gas supply. In response to this, he…

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Dollar indexation worries NEPRA

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K-Electric claims 100% dollar indexation for tariffs of solar power plants ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has voiced concerns over dollar indexation for solar power plants, which are being set up with the help of domestic financing in Karachi. Dollar indexation has long been a subject of debate as previous governments allowed linking dollar rate even to those power plants that were being developed with local financing. It was noted that there was even no cap on dollar indexation, which sparked the recent crisis when consumers took…

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‘Timely completion of Mohmand Dam a must’

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WAPDA-MoUs

LAHORE: Chairman WAPDA Lt Gen (Retd) Sajjad Ghani inspected the ongoing construction progress of the Mohmand Dam Project today and directed the contractor to ensure the completion of the diversion system during the upcoming low-flow season for the River Swat. During his visit, the chairman assessed various construction sites, including concrete works on the upper stilling basin of the spillway, construction activities at the left and right abutments of the dam, and various components of the diversion system, including diversion tunnels. He was accompanied by GM and PD Mohmand Dam…

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Pakistan Gasport seeks country’s first spot LNG cargo in over a year

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Pakistan-LNG

Pakistan Gasport is looking to buy a spot liquefied natural gas (LNG) cargo for November delivery, its chairman Iqbal Ahmed told Reuters on Thursday, which would be the country’s first spot LNG deal since June 2022. The country, facing a severe economic and foreign exchange crisis, has struggled to purchase the super-chilled fuel following a surge in prices after Russia’s invasion of Ukraine last year. LNG is crucial for Pakistan, where natural gas accounts for over a third of power generation and local gas reserves are insufficient to address growing electricity demand in a country…

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Wapda’s hydro tariff increased by 29pc

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ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Thursday approved about 29 per cent increase in average generation tariff for Wapda’s hydroelectric stations to meet its Rs155 billion annual revenue requirement. Under the decision, the average generation tariff for FY23 has been allowed at Rs4.96 per unit when compared to Rs3.85 per unit in FY22. The Rs1.11 per unit increase in generation tariff would, however, not jack up the average distribution tariff for end-consumers with the same proportion but translate into a nominal additional cost of the entire electricity…

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