Year: 2023

Coal power project at Gwadar: Chinese firm shows ‘conditional’ willingness to commence work

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thar-coal-power

ISLAMABAD: Chinese firm, CIHC Pak Power Company (Pvt) Limited (CPPCL) is said to have shown willingness to commence work on 330 MW imported coal power project at Gwadar with stringent conditions, to be met by the Private Power & Infrastructure Board (PPIB) and National Electric Power Regulatory Authority (NEPRA), well-informed sources told Business Recorder. This project has been firmed up, after interactions at the highest level between China and Pakistan as the former had refused to start a project on Thar coal. The power company submitted revised tariff petition to NEPRA…

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Gas consumers to pay Rs5b more

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ECC decides to recover local, imported gas price difference from urban consumers ISLAMABAD: Days after burdening gas consumers with an additional Rs400 billion cost, the government on Thursday decided to recover Rs5 billion per month more from them on account of imported gas supply to fertiliser plants at lower rates after the finance ministry refused to provide funds. The Economic Coordination Committee (ECC) decided that two fertiliser plants would continue to pay the price of Rs1,229 per million British thermal units (mmBtu) as against the imported gas rate of Rs3,625.…

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Rs1.52 per unit surcharge imposed on KE consumers for 12 months

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free-power

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Thursday gave in to a demand of the Power Division to impose for 12 months an additional special surcharge at a flat rate of Rs1.52 per unit on all K-Electric consumers, except lifeline category with less than 100 units per month on a permanent basis. The additional surcharge will come into force from Dec 1 for up to November 2024 and provide a Rs24.5 billion financial cushion to the federal government which claimed to have extended Rs416bn subsidy to KE during the past…

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Renewable Energy: A way forward for Pakistan: Energy Minister

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Renewable-energy

ISLAMABAD, Nov 23: Caretaker Minister for Energy Muhammad Ali Thursday said the future of renewable energy in Pakistan holds great promise as the country seeks to address its growing energy demands while mitigating the environmental impact of traditional energy sources.While addressing a seminar titled Renewable Energy the Way Forward jointly organized by Information Service Academy and Alliance for Good Governance Foundation, the minister said with abundant sunlight and wind resources, Pakistan has significant potential for solar and wind energy generation.Muhammad Ali said that the government’s commitment to increasing the share…

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Govt may hike gas prices by another 10-15pc to slash circular debt

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gas-supply

ISLAMABAD: Knowing the fact that this time the government will collect revenue of Rs980 billion in the ongoing FY24 on account of the massive hike in gas prices by up to 193 percent, the IMF has still asked the government to further increase the sale price of natural gas from January 1, 2024 to slash the circular debt that currently stands at Rs1,250 billion. “The authorities are contemplating an increase in the natural gas sale price by 10-15 per cent, which will yield Rs100 billion additional revenue. It is to…

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