Monthly Energy Update August Magazine
Day: August 8, 2024
Conference on climate change, food security
Fast conversion of farmlands near cities into housing societies gravely endangers Pakistan’s food security: Sindh Environment Minister Karachi: Sindh Environment Minister, Dost Muhammad Rahimoon, has said the fast diminishing farmlands near urban centres due to their conversion into gated housing societies has posed serious threats to Pakistan’s food security.The environment minister stated this while speaking as the chief guest at a conference on the nexus between climate change and threatened food security in the world organised by the National Forum for Environment and Health (NFEH).He said the floods of 2022,…
Read MoreOil Refineries Warn Lenders Won’t Support Upgrades Without Sales Tax Exemption
ISLAMABAD: Pakistan’s oil refineries have informed government officials that their lenders will not provide loans for plant upgrades unless issues, including the sales tax exemption on petrol (MS), High-Speed Diesel (HSD), and light diesel oil (LDO), are resolved. Managing directors from Pak-Arab Refinery Company, Pakistan Refinery Limited, National Refinery Limited, Attock Refinery Limited, and Cenergyico Pk Limited conveyed this during a meeting of the Working Group of the Special Investment Facilitation Council (SIFC), according to a senior official present at the meeting. High-ranking officials from the Federal Board of Revenue…
Read MoreSurge in Legally Sourced Petrol Sales in Balochistan Amid Road Blockades
KARACHI: The sale of legally sourced petrol in Balochistan, particularly in Quetta, has surged dramatically over the past 10 days following widespread road blockades in the province. Oil marketing companies have reported a tenfold increase in the sale of petroleum products in Quetta, Balochistan’s provincial capital. “We have recorded the sale of 600,000 litres of petrol over the past several days in Quetta, compared to less than 50,000 litres per day previously,” representatives from the oil sector informed The News. Typically, smuggled petrol from Iran fulfills the province’s demand, especially…
Read MoreKAPCO Denies Receiving Capacity Charges Post-PPA Expiry
KARACHI: Kot Addu Power Company Limited (KAPCO) announced on Wednesday that it has not received any “capacity payments” from the government since its power purchase agreement (PPA) expired in October 2022. Addressing recent reports, KAPCO clarified that it has not been paid for generating electricity in the past 22 months. The company has only received overdue receivables related to the period up to the end of the PPA on October 24, 2022, which have been duly reported in its financial statements. Following the expiration of the PPA, KAPCO’s power plant…
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