Year: 2024

OGRA Weighs CPP Disconnections Amid Revenue Challenges

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OGRA

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) is considering disconnecting Captive Power Plants (CPPs) from January 2025, a move requiring federal government engagement due to its complexities and economic impact. On Tuesday, OGRA finalized the Review of Estimated Revenue Requirement (RERR) for Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL) for FY 2024-25. The determination has been forwarded to the federal government, which has 40 days to decide under the OGRA Ordinance 2002. Key Details:Revenue Impact: If CPP disconnections proceed, SNGPL’s revenue requirement would…

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Discos Propose Rs2.5 Billion Refund Through Negative Fuel Price Adjustment

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nepra

ISLAMABAD: Public sector power companies have proposed a 63-paisa per unit negative Fuel Cost Adjustment (FCA) for November, citing a 6% year-on-year increase in electricity demand. If approved by the National Electric Power Regulatory Authority (NEPRA), the ex-WAPDA Distribution Companies (Discos) would refund approximately Rs2.5 billion to consumers in January 2025. The average fuel cost for November consumption was Rs7.23 per unit, significantly lower than Rs9.44 per unit in November 2023, attributed to increased reliance on domestic fuel sources and higher base tariffs implemented in July 2024. Over 82.3% of…

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OGRA Proposes Up to 26% Hike in Gas Tariffs to Address Circular Debt

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Gas-Tariffs

ISLAMABAD: The Oil & Gas Regulatory Authority (OGRA) has recommended an increase of up to 26% in gas tariffs to generate approximately Rs847.33 billion during the current fiscal year. The proposal, forwarded to the federal government on Tuesday, aims to recover the full cost of gas and address the growing circular debt in the energy sector. For Sui Northern Gas Pipelines Limited (SNGPL) consumers in Punjab, Khyber Pakhtunkhwa, and other northern regions, OGRA suggested a price hike of Rs142.45 per million British thermal units (MMBTU), raising the average rate to…

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Sindh govt drives Technological and Economic Empowerment with PITP and CRAIB

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sindh goverment

SUKKUR (Dec 17): In a significant effort to promote technological innovation and economic empowerment, the Sindh Government, in collaboration with Sukkur IBA University, celebrated two transformative initiatives: the People’s Information Technology Programme (PITP) and the establishment of the Centre of Excellence in Robotics, Artificial Intelligence, and Blockchain (CRAIB). This was stated by Sindh Chief Minister Syed Murad Ali Shah while speaking at the inaugural ceremony of the Science Lab and Creative Art Centre at the IBA Campus. He added that these programs underscore the provincial government’s commitment to uplifting communities,…

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Fatema Al Nuaimi Appointed as CEO of ADNOC Gas

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Abu Dhabi National Oil

DUBAI, Dec 17 (Reuters): ADNOC Gas, the gas subsidiary of Abu Dhabi National Oil Company (ADNOC), has announced the appointment of Fatema Al Nuaimi as its new Chief Executive Officer, effective January 1, 2025. Al Nuaimi succeeds Ahmed Alebri, who is stepping down after nearly two years of leadership. Al Nuaimi, a seasoned energy industry professional, will oversee the implementation of ADNOC Gas’s ambitious business strategy, focusing on enhancing operational efficiency, expanding market presence, and driving sustainable growth. Her appointment underscores ADNOC’s commitment to fostering Emirati leadership and empowering women…

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