Distribution firms seek Rs2.07 hike in power tariff

The CPPA said Discos had charged consumers a reference fuel tariff of Rs4.73 per unit in August while actual fuel cost turned out to be Rs6.805 per unit, hence the additional fuel cost of Rs2.07 per unit should be charged to consumers in coming month. Interestingly, the major contribution of almost 35pc power supply came from hydropower resources at no fuel cost. On the other hand, LNG-based power contribution stood at 18pc but its fuel cost increased by 28pc since June. The CPPA reported that total energy generation from all…

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Pakistan GDP to grow at 4.2pc: report

With some subdued downward risks, Fitch Solutions on Monday forecast Pakistan’s economic growth at 4.2 per cent — against the government’s target of 4.8pc — in the current fiscal year (FY22) owing to supportive monetary and fiscal conditions and improving vaccination rates. The report by Fitch Solutions — which offers financial information services — noted that net exports would contribute negatively to headline growth as imports would outpace export growth. “Improving vaccination rates will buoy private consumption growth while supportive monetary and fiscal conditions will serve as tailwinds for gross…

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Import of LNG in November: Private sector allowed to use PLL’s unutilised capacity

Pakistan LNG Limited (PLL) has allowed the private sector to import LNG for the month of November 2021 by using its underutilised capacity amid the forecast that the LNG rates in the international open market for the said month will stand at $27.75 per mmbtu. The private sector companies term the move of the PLL tricky, arguing when the LNG rates in the month of November will be on trajectory to highest-ever prices, the state-owned company has offered the private sector to import LNG. They said that JKM (Japan Korea…

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India and Denmark launch Centre for Offshore Wind and Renewable Energy

India aims to develop 450 GW of renewable energy by 2030. In reaching the target, India and Denmark now launch a joint Centre of Excellence for Offshore Wind and Renewable Energy. In the coming decades, India is expected to become one of the largest markets for renewable energy. The country has an ambitious target of reaching 450 GW in 2030 why a solid renewable energy mix will be needed. To ramp up the efforts, the Indian Ministry of New and Renewable Energy and the Danish Ministry of Climate, Energy and…

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NA Committee for Negotiations on Tariff Concessions

The National Assembly Standing Committee on Power has directed the Ministry of Energy (Power) to negotiate power tariff concessions with the independent power producers (IPPs), as the Ministry has admitted that the power companies intentionally delayed the electricity billing during the Eid-ul-Adha and Moharram holidays, causing overbilling to electricity consumers of all distribution companies across the country. The whole world knows that IPPs have cheated a lot,” said the Chairman Committee Chaudhry Salik Hussain during the panel meeting held on Monday. The meeting, held with Chaudhry Salik Hussain in the…

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US Senator Hollen to Blinken: Don’t Blame Pakistan for blunders in Washington

Blinken, as usual defended the Biden administration’s handling of Afghanistan before the Senate Foreign Relations Committee. Most of the Republican and Democrat lawmakers blamed the chaos and worse law and order situation following the US withdrawal from Afghanistan last month on President Biden. While both Republicans and Democrats also targeted Pakistan for its assumed support to the Taliban during the war, Senator Chris Van Hollen nearly tore into much of the testimony that Blinken gave, including his negative focus on Pakistan. The Maryland Senator asked Blinken whether it was not…

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Pakistan wants to build solar plants on canals

The government of Pakistan is planning to build solar plants on top of canals spread across the region of Punjab, which hosts several canal irrigation systems. The Punjab Power Development Board (PPDB) is currently seeking consultants to conduct a feasibility study for the deployment of solar plants on canals spread across the Gujranwala division, which is an administrative division in northern Punjab; and at the Rakh branch, which is a canal originating from Lower Chenab canal, in Gujranwala, and ending at Samundri, in Faisalabad district. “Punjab has one of the…

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Power sector planning: going beyond least-cost

People and their managers are working so hard to be sure things are done right that they hardly have time to decide if they are doing the right things.” Stephen Covey’s above statement aptly fits the back-and-forth shuttling that is currently going among the NTDC, NEPRA, and the government on the draft Indicative Generation Capacity Expansion Plan (IGCEP). In the midst of heated arguments as to whose projects should be included in the Plan, our decision-makers have completely missed the fact that the very foundation, “least-cost centralized planning”, on which…

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Out dated thinking on power sector

Some foreign consultant must have told this gas thing to CCoE in English, otherwise we have been telling this to them since 2015. Still it is not energy efficiency they are striving for but to utilize excess “must run” capacity they have contracted. Unfortunately their thinking is outdated and they would be trading one evil with the other. The increase in parasitic domestic load in winter won’t help much apart from saving a little bit of gas.The GoP should look for more industrial load and stop importing engineering goods (and…

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