Author: Admin

Nepra allows Rs3.28 tariff hike for six months

Admin
Nepra-tariff

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Friday allowed the federal government to increase electricity rates by Rs3.28 per unit for all consumers across the country for six months — October 2023 to March 2024 — with additional revenue impact going beyond Rs200bn. The increase has been allowed under quarterly tariff adjustment (QTA) mechanism to finance the additional impact of capacity charges due to currency devaluation, interest rate hike and other factors. The power division of energy ministry had originally sought Rs6.20 per unit adjustment for the fourth…

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Change in gas prices to be announced soon: energy minister

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gas-prices

Caretaker Minister for Energy Muhammad Ali on Thursday said gas prices in the country had consistently been a matter of concern, underlining that forthcoming announcements would detail the impending changes in the price of the commodity. The minister made these remarks during a visit to the Lahore Chamber of Commerce and Industry (LCCI). Caretaker Federal Minister for Commerce, Industries, and Production, Gohar Ejaz, was also attended the event. The Oil and Gas Regulatory Authority (Ogra) had in June this year asked the government to increase gas tariff by 45 per cent to…

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Barrick says big miners eyeing its Pakistan copper project

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TORONTO: Barrick Gold’s top executive says it’s not just Saudi Arabia interested in his company’s massive copper project in Pakistan — some major mining companies are, too, Bloomberg News reported. The Canadian miner’s $7-billion Reko Diq project in Balochistan — a region bordering Afghanistan and Iran — boasts one of the world’s largest copper deposits and could become a major source of the wiring metal. Barrick is the only mining company that hasn’t shied away from the project’s risky geography, after Chilean miner Antofagasta Plc sold its stake in the…

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Govt pushes for Qatari LNG project amid pipeline bottleneck

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LNG

ISLAMABAD: Pakistan is seeking to revive a stalled $200 million Qatari investment in a liquefied natural gas (LNG) terminal project that has faced bureaucratic hurdles for five years over the allocation of pipeline capacity, officials said on Thursday. The Energas terminal, which is to be operated on a business-to-business (BtB) model with no government guarantee on RLNG takeoff, will have the capacity to re-gasify up to 1,000 million cubic feet per day (mmcfd) of LNG. In addition, Pakistan Port Gas Limited’s LNG terminal-2 and Tabeer LNG terminal owned by Japan’s…

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Coal pricing mechanism: power plants, coal suppliers question Nepra’s proposed revision

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coal

ISLAMABAD: Coal power plants and coal suppliers on Thursday raised questions on NEPRA’s proposed revision in coal pricing mechanism without taking them on board, making irrational deductions, and the exchange rate that is hitting them as their invoices are not being cleared by the concerned agency. The NEPRA Authority, comprising Chairman Waseem Mukhtar, Member (Tariff and Finance), Mathar Niaz Rana, (Balochistan) Member (Technical), Rafique Ahmad Shaikh, (Sindh) Member, Khyber Pakhtunkhwa, Maqsood Anwar Khan and Member (Law) Amin Ahmad(Punjab) officiated public hearing which was attended by the representatives of coal-fired plants,…

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