Author: Admin

Rs176bn receivables create liquidity issue for SNGPL

Admin
sngpl.jpg

ISLAMABAD: Sui Northern Gas Pipeline Limited (SNGPL) said that it is facing grievous liquidity due to outstanding dues of Rs 176.302 billion against the power sector. “A huge amount of Rs 176.302 billion has piled up against power sector due to non-payment of outstanding dues by Wapda and Central Power Purchasing Agency –Guaranteed (CPPA-G),” said Chief Financial Officer SNGPL in a letter to Director General (Gas) Petroleum Division. Out of Rs 176.302 billion, receivables against Guddu Power stood at Rs 33.329 billion, Nandipur Rs 16.769 billion, TPS Muzaffargarh Rs 1.235…

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TAPI project: Turkmenistan seeks US nod for relaxation of Kabul sanctions?

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gas-pipeline

ISLAMABAD: Turkmenistan is said to have approached Washington for relaxation of sanctions on Afghanistan for financing of much talked about TAPI (Turkmenistan- Afghanistan- Pakistan- India) project, sources close to Secretary Petroleum told Business Recorder. This update was shared by Muhammetmyrat Amanov, Chief Executive of TAPI Pipeline Company Ltd with visiting Pakistani delegation led by Major General Tabassum Habib, Director General, Special Investment Facilitation Council (SIFC), sources added. A delegation from Pakistan visited Ashgabat to attend the 28th Oil Gas of Turkmenistan 2023 International Conference and Expo held on 25-27 October 2023.…

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Nepra appellate tribunal officials: Panel formed on conversion of pay scales

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Nepra-Act

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar has constituted a four-member panel on conversion of the pay scale from MP-1 scale to last pay drawn of Chairman and MP-II to MP-1 scale of members of Nepra appellate tribunal, official sources told Business Recorder. The caretaker Prime Minister took this decision on a proposal of Ministry of Law and Justice in which the latter had proposed changes in package of Chairman and Members of Nepra Appellate Tribunal. Ministry of Law and Justice explained that Nepra Appellate Tribunal, Islamabad was established under Section 12A…

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Chairman WAPDA visits Mohmand Dam Project;Directs contractor for diverting River Swat during current low flow season

Admin
WAPDA

November 8, 2023: Chairman WAPDA Engr Lt Gen Sajjad Ghani (Retd) today visited Mohmand Dam Project, being constructed across River Swat in Mohmand District of Khyber Pakhtunkhwa Province. He reviewed construction activities on different sites of the project – the spillway and the river diversion tunnels in particular. At present, construction works relating to excavation, stabilisation and concreting are being carried out simultaneously on these sites.The Chairman also presided over a progress review meeting during the visit.The meeting was attended by the GM/PD Mohmand Dam Project, senior members of his…

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Pakistan plans to raise power capacity by 40pc in eight years, shift to renewables

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lng-usa

LAHORE: Pakistan is planning to boost its installed power generation capacity by 40 percent in the next eight years, as it seeks to meet the growing demand for electricity and shift to cleaner sources of energy. The country aims to increase its power capacity from 45 gigawatts to 63 gigawatts by 2031, according to an official document. The plan, which is under the Special Investment Facilitation Council (SIFC), is based on a projected 5 percent average annual growth in the next eight years. By 2025, Pakistan plans to enhance installed…

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