Year: 2023

Efforts in place to mitigate load shedding

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Power-generation

Recent load shedding on 25th and 26th of December was due to tripping of multiple grid stations in Multan region and other DISCOs. Due to fog, the grid stations of 132kv, 220kv and 500kv tripped. During same time the Hydel generation plummeted creating constraints to balance the system. NTDC system is facing a challenging time due to these extreme weather conditions and low hydel generation. Current shortfall in generation is mitigated by load management to keep the system working. Shortfall due to hydel is around 1600MW due to canal closure…

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Refineries shun Russian crude as fuel oil prices dip

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Parco-board

KARACHI: Local refineries are reluctant to import the Russian crude oil as the global prices of furnace oil, a by-product of the Russian oil, have plunged, industry sources told The News on Tuesday. “We need the Russian crude oil at a discounted price because the price for the earlier cargo is not feasible in the present times when the furnace oil price has gone down in the international market,” one source said. Furnace oil prices have dropped to $60 per barrel from $80 per barrel in early December, making it…

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Kakar for focusing on climate resilience, finance aspects in Balochistan’s hydro projects

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Karot-Hydropower

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar Tuesday stressed upon focusing the climate resilience and climate finance aspects in all the water projects of Balochistan and reiterated that progress and prosperity of the people of province were among the top priorities of the government. The caretaker prime minister chaired a review meeting on the important matters pertaining to the Balochistan province. The meeting was attended by Caretaker Balochistan Chief Minister Ali Mardan Domki, Education Minister Dr Qadir Baloch and Chief Secretary Shakeel Qadir, Caretaker Federal Minister for Planning Sami Saeed, Caretaker…

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Govt to recover Rs232b for LNG

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LNG

Gives fertiliser plants LNG worth Rs15b to be recovered from consumers ISLAMABAD: In the face of resistance from the Sindh province, the caretaker government is aiming to recoup Rs232 billion, representing the cost of diverting expensive Liquified Natural Gas (LNG) supply to domestic consumers from January 1, 2024. The gas utility, Sui Northern Gas Pipelines Limited (SNGPL), had redirected costly LNG to domestic consumers during winter seasons to address gas crises as per federal government directives. However, the absence of a legal framework hindered the recovery of LNG prices. The…

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CPPA seeks Rs4.66 per unit FCA for XW Discos

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lpg

ISLAMABAD: The Central Power Purchasing Agency (CPPA) has sought a massive Rs4.66 per unit fuel cost adjustment (FCA) for an increase in ex-Wapda distribution companies (Discos) to generate additional amount in January 2024. The National Electric Power Regulatory Authority (Nepra) will hold a public hearing today (Wednesday 7 December 2023) on the CPPA-G’s request. In a petition, the CPPA acting as commercial agent of the Discos demanded an additional FCA of Rs4.66 per unit in the billing month of January 2024 for electricity consumed in November. CPPA-G seeks tariff hike…

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