Day: January 25, 2025

NEPRA Detects Data Contradictions in Consumer Overcharges by Discos and KE

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Nepra-Price

Islamabad: The National Electric Power Regulatory Authority (NEPRA) has identified significant discrepancies in the data provided by Distribution Companies (Discos) and K-Electric (KE) regarding overcharged consumers. The overbilling occurred due to meter readings beyond the defined billing cycle and the incorrect application of the pro-rata mechanism, sources revealed. NEPRA had previously instructed Discos through letters issued on February 23, 2024, and July 30, 2024, to adjust bills for affected consumers. These adjustments were mandated to address inflated bills caused by meter readings exceeding the standard 30/31 days and errors in…

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SNGPL-NPPMCL Dispute Over Gas Supply Invoices Escalates to PM Office

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Gas-SNGPL

Islamabad: The ongoing dispute between Sui Northern Gas Pipelines Limited (SNGPL) and National Power Parks Management Company Limited (NPPMCL) has now reached the Prime Minister’s Office (PMO). The disagreement pertains to adjustments made by NPPMCL against SNGPL’s undisputed gas supply invoices, amounting to over Rs. 15.5 billion, as per an arbitration award issued in December 2021 by the London Court of International Arbitration (LCIA). BackgroundSNGPL signed Gas Supply Agreements (GSAs) on a “Firm Take or Pay” basis with NPPMCL in 2016 for its RLNG-fired Balloki and Haveli Bahadur Shah Power…

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Oil Industry Urges Immediate Government Action on Tax and Margin Issues

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Oil prices

ISLAMABAD: The Oil Companies Advisory Council (OCAC) has called for urgent government intervention to address critical challenges threatening the sustainability of Pakistan’s downstream oil sector, including the removal of sales tax exemptions on petroleum products and delays in revising Oil Marketing Companies (OMCs) margins. In a letter to Prime Minister Shehbaz Sharif, OCAC Chairman Adil Khattak highlighted the financial strain caused by reclassifying petroleum products from zero-rated to exempt under the Finance Act 2024. This change has made input sales tax claims ineligible, escalating operational and capital costs for refineries…

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Government Extends SEZ Incentives to Industrial Estates

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Power-sector

ISLAMABAD: The government has announced plans to extend electricity supply incentives, currently available to Special Economic Zones (SEZs) under the China-Pakistan Economic Corridor (CPEC), to all industrial estates and zones across the country. A revised mechanism, developed in consultation with China and approved by the Cabinet Committee on Energy (CCOE), removes regulatory barriers for power distribution companies (DISCOs) to supply electricity to zone developers under bilateral agreements. DISCOs will now be able to sell power directly to SEZ developers with supplier licences from the National Electric Power Regulatory Authority (Nepra).…

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