Day: July 6, 2024

Sindh Govt to Showcase Energy Projects at IEEEP Fair to Attract Investment

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Nasir-Shah

KARACHI: Sindh Minister of Energy, Syed Nasir Hussain Shah, announced that the provincial energy department will exhibit its ongoing and upcoming projects at the 13th edition of the Institute of Electrical and Electronics Engineers Pakistan (IEEEP) Fair. The event, set to take place at Karachi Expo Centre in September, aims to draw investment and encourage joint ventures and partnerships for the country’s economic growth. Speaking as the chief guest at the soft launch ceremony, Minister Shah emphasized the government’s commitment to this initiative, highlighting the collaboration with the ministries of…

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Government Grants Six-Month Extension for Refineries to Sign Upgrade Agreements

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PRL-eyes

ISLAMABAD: The Cabinet Committee on Energy (CCoE), chaired by Prime Minister Shehbaz Sharif, has extended the deadline for local refineries to sign implementation agreements (IAs) with the Oil & Gas Regulatory Authority (OGRA) for their $5-6 billion upgrade projects by an additional six months. This extension, granted under the amended brownfield refineries’ policy of 2023, aims to accommodate the country’s two largest refineries – Pak-Arab Refinery Company (PARCO) and Cnergyico – which contribute over 50% of the nation’s refining output. The new deadline allows these refineries more time to finalize…

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NESPAK Celebrates Successful Hi-Pot Testing of Suki Kinari Transmission Line

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dam-tarbela

ISLAMABAD: National Engineering Services Pakistan (Pvt) Limited (NESPAK) has celebrated the successful high-potential (Hi-Pot) testing of the 500kV transmission line for the 884MW Suki Kinari hydropower project, marking a significant milestone achieved within the designated timeframe. In a letter to the National Transmission and Despatch Company (NTDC), NESPAK extended its congratulations on the completion of the Hi-Pot testing on June 27, 2024. This accomplishment is considered a major milestone for all stakeholders involved in delivering affordable electricity to the public of Pakistan. NESPAK highlighted the design and engineering challenges overcome…

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SSGC Halts Gas Supply to Pakistan Steel Mills Over Rs98 Billion Default

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SSGC

ISLAMABAD: Sui Southern Gas Company Ltd (SSGC) has disconnected gas supply to Pakistan Steel Mills (PSM) due to chronic payment defaults amounting to Rs98 billion, including Rs75 billion in interest and late payment surcharges. The Karachi-based gas utility stated that PSM began partially defaulting on monthly gas bill payments in November 2008 and ceased all payments after March 2015. Despite multiple termination notices issued in 2015, SSGC reduced gas supplies from 21 million cubic feet per day (mmcfd) in 2014-15 to 2 mmcfd in 2015-16 to maintain PSM’s Coke Oven…

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Fuel Charges Rise for Power Bills, But Relief for KE Customers

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Your-Bill

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) announced an additional Rs3.33 per unit fuel cost adjustment (FCA) for May consumption, allowing ex-Wapda distribution companies (Discos) to collect an additional Rs41 billion in July. In contrast, K-Electric (KE) consumers will see a Rs1.67 per unit reduction in FCA based on April consumption, amounting to an overall financial impact of around Rs2.35 billion. KE’s negative adjustment will apply to all consumer categories except lifeline consumers, domestic users consuming up to 300 units, electric vehicle charging stations, and agriculture consumers. However, domestic…

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