Author: Admin

Over Rs200 Million Gas Dues Owed by Top Government Offices

Admin
SNGPL-Office

ISLAMABAD: Over 20 high-profile government entities, including Aiwan-e-Sadr, Parliament Lodges, the Ministry of Finance, and the Foreign Office, collectively owe more than Rs200 million in unpaid gas bills to Sui Northern Gas Pipelines Limited (SNGPL), according to official communication from SNGPL’s management. Key Defaulters and DuesParliament Lodges/MNA Hostel: Rs24,955,133 (including disconnected meters with Rs2,655,735 pending).Cabinet Division Building: Rs23,075,733.Aiwan-e-Sadr Facilities: Rs16,685,739 (main building, police barracks, and dispensaries).Foreign Office: Rs53,309,209.Pak Secretariat: K-Block owes Rs23,579,378, M-Block Rs24,482,408, and Q-Block Rs3,740,602 (disconnected meter).The Parliament House Building also ranks high on the list, with Rs24,158,444…

Read More

ECC to Approve Security Package for Riali-II Hydropower Project

Admin
Karot-Hydropower

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet will convene on Thursday (Dec 19) to approve the security package documents for the 7.08 MW Riali-II Hydropower Project, developed under the Power Generation Policy 2015, sources told Business Recorder. Key ConsiderationsThe Finance Division has directed the Power Division to ensure that the proposed agreements strictly adhere to the Power Generation Policy 2015, especially regarding contractual terms, and avoid imposing any additional obligations or guarantees not already specified in the policy. The division also clarified that Water Use Charges (WUC) for…

Read More

OGRA Weighs CPP Disconnections Amid Revenue Challenges

Admin
OGRA

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) is considering disconnecting Captive Power Plants (CPPs) from January 2025, a move requiring federal government engagement due to its complexities and economic impact. On Tuesday, OGRA finalized the Review of Estimated Revenue Requirement (RERR) for Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL) for FY 2024-25. The determination has been forwarded to the federal government, which has 40 days to decide under the OGRA Ordinance 2002. Key Details:Revenue Impact: If CPP disconnections proceed, SNGPL’s revenue requirement would…

Read More

Discos Propose Rs2.5 Billion Refund Through Negative Fuel Price Adjustment

Admin
nepra

ISLAMABAD: Public sector power companies have proposed a 63-paisa per unit negative Fuel Cost Adjustment (FCA) for November, citing a 6% year-on-year increase in electricity demand. If approved by the National Electric Power Regulatory Authority (NEPRA), the ex-WAPDA Distribution Companies (Discos) would refund approximately Rs2.5 billion to consumers in January 2025. The average fuel cost for November consumption was Rs7.23 per unit, significantly lower than Rs9.44 per unit in November 2023, attributed to increased reliance on domestic fuel sources and higher base tariffs implemented in July 2024. Over 82.3% of…

Read More

OGRA Proposes Up to 26% Hike in Gas Tariffs to Address Circular Debt

Admin
Gas-Tariffs

ISLAMABAD: The Oil & Gas Regulatory Authority (OGRA) has recommended an increase of up to 26% in gas tariffs to generate approximately Rs847.33 billion during the current fiscal year. The proposal, forwarded to the federal government on Tuesday, aims to recover the full cost of gas and address the growing circular debt in the energy sector. For Sui Northern Gas Pipelines Limited (SNGPL) consumers in Punjab, Khyber Pakhtunkhwa, and other northern regions, OGRA suggested a price hike of Rs142.45 per million British thermal units (MMBTU), raising the average rate to…

Read More