Author: Admin

NEPRA Halts Security Deposit Hike, Slams DISCOs’ Justification

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NEPRA-KE

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has deferred its decision on the proposed hike in security deposit rates for electricity consumers, pending a comprehensive audit of deposits collected by power distribution companies (DISCOs). During a heated public hearing, DISCOs faced strong criticism from NEPRA members and stakeholders over their push for a substantial increase in security deposit rates. NEPRA officials, including Rafique Ahmad Shaikh, Mathar Niaz Rana, Amina Ahmed, and Maqsood Anwar Khan, expressed dissatisfaction with the DISCOs’ arguments, calling them weak and repetitive. The regulator viewed the…

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OGRA Cracks Down on LPG Safety Violations

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ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has launched a crackdown against gas theft, illegal decanting, and the hazardous mixing of carbon dioxide (CO2) with Liquefied Petroleum Gas (LPG) across Punjab, Sindh, and Khyber Pakhtunkhwa. Taking serious notice of safety violations, OGRA deployed enforcement teams to identified locations to curb illegal practices, including substandard cylinder manufacturing. In Sindh, particularly in Khairpur, Ghotki, Pano Aqil, and Ranipur, authorities traced CO2 mixing with LPG. Meanwhile, illegal LPG cylinder manufacturing sites were uncovered in Gujranwala. In collaboration with local administrations, OGRA teams…

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Financial Advisers Appointed for Three Power Discos

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Power project

ISLAMABAD: The Privatisation Commission has appointed financial advisers to oversee the divestment of Faisalabad, Gujranwala, and Islamabad power distribution companies (Discos) by the end of 2025. On Tuesday, the commission signed a Financial Advisory Services Agreement (FASA) with a consortium led by Alvarez & Marsal Middle East Ltd. The consortium includes International Consulting Associates (iConsult), Yousuf Adil Chartered Accountants, Vellani & Vellani, Power Planners International Pvt Ltd, and NEOS Group Inc. This marks a key step toward increasing private sector participation in Faisalabad Electric Supply Company (FESCO), Gujranwala Electric Power…

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Pakistan urges global support for its $100 billion energy transition at World Governments Summit in UAE

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$100 billion energy transition

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday called for global support to meet Pakistan’s $100 billion energy transition needs as he addressed participants at the World Governments Summit (WGS) in the United Arab Emirates (UAE).The summit, being held in Dubai on Feb. 11-13 under the theme ‘Shaping Future Governments’, brings together a large number of heads of state/government, global policymakers, and leading private sector figures to discuss the future of governance, innovation and international cooperation.Addressing the summit on Tuesday, the Pakistani prime minister urging stronger climate financing, technology sharing from…

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Bangladesh seeking long-term LNG deals, energy official says

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. NEW DELHI: Bangladesh is looking for long-term liquefied natural gas (LNG) deals with exporting nations like Brunei, an advisor to the South Asian nation’s energy ministry said at the India Energy Week conference on Tuesday. Global LNG: Asian spot LNG slips on tepid demand, ample supply Muhammad Fouzul Kabir Khan also said the country is almost finalising its list of countries to buy spot LNG from, and added that it is reviewing all power deals from the last regime.

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