Author: Admin

OGRA DETERMINES ESTIMATED REVENUE REQUIREMENTS OF SUI COMPANIES FOR FINANCIAL YEAR 2024-25

Admin

Islamabad, May 20, 2024: The Oil and Gas Regulatory Authority (OGRA) determines the revenue requirements of sui companies for F.Y 2024-25. The average prescribed price per MMBTU of gas is recommended as Rs. 1635.90 and the decrease in price per MMBTU is Rs. 179.17 with decrease percentage of 10% for SNGPL. The financial impact of previous years’ shortfall of Rs. 580,585 million, as calculated by OGRA as against SNGPL’s claim of Rs. 862,612 million per the petition, has been referred to Federal Government for an appropriate policy decision and is,…

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Tarbela 5th Extension Project Consultants Threaten to Quit Over Non-Payment

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WAPDA-MoUs

HARIPUR: The foreign consultancy firm overseeing the Tarbela 5th hydropower project (T5 HPP) has announced the suspension of its services due to a payment dispute with the Water and Power Development Authority (WAPDA), sources report. Tarbela 5th Extension Project Consultants (T5C), a consortium of Mott MacDonald England and MM Pakistan, issued a termination notice to WAPDA, citing several unpaid invoices. The contract, signed on April 13, 2019, commenced work on the 1,530 MW project in August 2021 with a completion deadline of May 2026. Mark Gill, the project manager for…

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NEPRA Approves KE’s Seven-Year Plan to Boost Renewable Energy Capacity

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Nepra-Price

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has approved K-Electric’s seven-year Power Acquisition Plan (PAP 2024-30), allowing the utility to increase its generation capacity by approximately 3,200MW, primarily through renewable energy sources. The plan includes a significant expansion of power received from the national grid, expected to nearly double from 1,100MW to 2,050MW, resulting in a projected 9% reduction in tariffs from 8.7 cents to 7.9 cents per kWh by 2030. The PAP envisions 1,200MW from renewables, 82MW from hydro, and 990MW from thermal sources. K-Electric will also benefit…

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Balochistan MPAs Demand Installation of LPG Plants in Remote Areas

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lpg-plant

QUETTA: Members of the Balochistan Assembly have called on the federal government to initiate the installation of LPG gas plants to address the gas shortage in the province. During the session, MPA Asad Baloch presented a resolution advocating for the establishment of LPG gas facilities in remote areas. The resolution highlights the urgent need for reliable energy sources in underserved regions of Balochistan. In addition, Chief Minister Mir Sarfraz Bugti proposed a debate to build consensus on appointment criteria within the education department, specifically regarding the Sardar Bahadur Khan Women’s…

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PM Sacks Boards of Eight DISCOs Over Rs589 Billion Losses, Enlists Military for Governance

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power-subsidy

ISLAMABAD: Prime Minister Shehbaz Sharif has dismissed the boards of eight power distribution companies (DISCOs) constituted by the previous Pakistan Democratic Movement (PDM) government. The decision follows allegations of massive financial losses amounting to Rs589 billion for the fiscal year. To address these issues, the PML-N government plans to enhance governance in these companies by involving military and intelligence agencies, invoking Article 245 of the Constitution and the Anti-Terrorism Act. A Distribution Companies Support Unit (DSU) will be established, with the first DSU set up at Multan Electric Power Company…

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