Author: Admin

Power Division shares CDMP with IMF, World Bank

Admin
power-tariff

Official argues average tariff will remain Rs 42 or Rs 43 per unit as no substantial variation is expected in estimates of CDMP ISLAMABAD: The Power Division has shared the Circular Debt Management Plan (CDMP) with the International Monetary Fund (IMF) and the World Bank, which became the base for revision in base tariff including impact of Quarterly Tariff Adjustments (QTAs), well-informed sources told Business Recorder. “When Nepra approved re-basing in tariff in July, 2023, CDMP got approved from the federal cabinet after which no adjustment has been made in CDMP,”…

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Crackdown against gas pilferers continues

Admin
gas-shortage

LAHORE: In a continued effort to combat gas theft, Sui Northern Gas Pipelines Limited (SNGPL) conducted raids in Punjab, Khyber-Pakhtunkhwa (K-P), and Islamabad, resulting in the disconnection of 163 illegal connections and the imposition of fines totalling Rs4.2 million. In Peshawar, the company disconnected 32 connections due to the direct use of gas and illegal connections, with a fine of Rs2 million imposed for gas theft. Additionally, the regional team filed three FIRs against gas thieves. In Rawalpindi, eight gas connections were disconnected, and a fine of Rs17,000 was imposed…

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Discos set to squeeze Rs30bn more from users

Admin
power-sector

• Seek Rs1.83 per unit increase in Oct bills under fuel cost adjustment; lifeline, protected domestic consumers will be exempted• Rise sought even though 74pc of power generation in Aug attributed to cheaper fuels ISLAMABAD: Despite the nearly 26pc increase in annual base tariff already in place, and about 18pc quarterly adjustments in the approval process, there appears to be no end to rising electricity costs as ex-Wapda Distribution Companies (Discos) have sought another Rs1.83 per unit in fuel cost adjustment (FCA) to squeeze Rs30bn more from consumers next month.…

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OGDCL Announces Major Gas Discovery at Chak 214-1 Exploratory Well in Mari East Block, District Rahim Yar Khan, Punjab

Admin
ogdcl

ISLAMABAD, September 19, 2023: The Oil & Gas Development Company Limited (OGDCL), serving as the sole operator of the Mari East Block (100%), on Tuesday announced a significant gas discovery at the Chak 214-1 exploratory well, located in the Rahim Yar Khan district of Punjab province.Chak 214-1 well was spudded in on June 29, 2023, as an exploratory well, as part of OGDCL’s commitment to aggressive exploration, using its in-house expertise. The well was drilled to a depth of 1851 meters. Based on the results of wireline logs interpretation, Drill…

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Minister for Energy Stresses to address the Concerns of Pakistan Business Council

Admin
Energy-Minister

Interim Minister for Energy Muhammad Ali held a comprehensive meeting with a delegation of Pakistan Business Council at power Division today. Issues related to the industrial tariff and green energy options came under discussion in the meeting. The minister acknowledged the fact that the industry is the backbone of the country and to enhance its potential, the issues needs to be addressed on war footing. The minister issued directions to the concerned quarters to take business community on board and give priority to their issues.

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