Author: Admin

SNGPL, Iesco crackdown on gas pilferers, power defaulters continues

Admin
sngpl.jpg

RAWALPINDI/ISLAMABAD: The task force of Sui Northern Gas Pipelines (SNGPL) on Wednesday imposed a fine of Rs500,000 on people involved in gas theft in different localities of the capital, Murree, Fatehjang, Attock and Wah Cantt. On the other hand, the Islamabad Electric Supply Company (Iesco), during the ongoing campaign against defaulters, was able to recover Rs316.3 million from 20,708 consumers. In a press release, a spokesman for the SNGPL said during a campaign against gas theft, the task force registered FIRs against a number of individuals involved in tampering with…

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Approval of new tariff for Kapco plant: Nepra in a fix

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Nepra-tariff

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) is facing a catch 22 situation with respect to approval of new tariff for 1600-MW of tri-fuel Kot Addu Power Plant (Kapco) after CPPA-G and Multan Electric Power Company (MEPCO) showed reluctance to take power from the plant at a tariff ranging from Rs 28 per unit to Rs 77 per unit for different generating units. The Authority comprising of Chairman Nepra Waseem Mukhtar, Member (Technical) Sindh Rafique Ahmad Shaikh, Member (Tariff and Finance) Mathar Niaz Rana, Member KPK Maqsood Anwar Khan and…

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FBR asked to probe solar panel import scam

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Solar power

ISLAMABAD: The Senate Standing Committee on Finance directed the Federal Board of Revenue (FBR), on Wednesday, to conduct a thorough inquiry into the money laundering by solar panel importers and submit it a report. On Wednesday, a meeting of the Senate Standing Committee on Finance presided over by Senator Saleem Mandviwala was informed that seven companies have been identified in the money laundering scam by solar panel importers and six more FIRs have been registered against them. Member Customs (Operations) said as the chairman and entire team of the FBR…

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K-Electric seeks $2bn from Shanghai Electric for stake sale

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k-electric

KARACHI: K-Electric (KE), Pakistan’s only private sector power utility, said on Wednesday it wants Shanghai Electric Power (SEP) to raise its offer to buy a majority stake in the company to $2 billion, citing improved performance and growth prospects. The SEP had previously offered to acquire 66.40 percent shares in KE for $1.77 billion, but the deal has been delayed for years due to regulatory hurdles and legal disputes. Shan Ashary, Chief Investment Officer (CIO) of Al-Jomaih and a director at KE, told a group of journalists in Karachi that…

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Minister spells out govt strategy to meet energy needs

Admin
Energy-Minister-1

ISLAMABAD, Oct 4 (APP): Caretaker Minister for Energy Muhammad Ali has spelled out the government strategy to meet the future oil and gas needs in an efficient manner by stepping up hydrocarbon exploration activities in potential areas across the country. “We are coming up with a policy for tight gas, policy for shale gas, we have already announced bids for onshore exploration and in December for offshore exploration,” he said in an interview with the Emirates News Agency (WAM) on sidelines of the ADIPEC Conference at Abu Dhabi. He said…

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