Category: Highlights

Revised Deals with Bagasse-Based IPPs to Save Rs238 Billion

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IPPs

ISLAMABAD: The federal cabinet has approved revised agreements with eight bagasse-based Independent Power Producers (IPPs), a move expected to save Rs238 billion over their operational lifespan. Under the new terms, the IPPs will reduce the working capital tariff component by 50% and adjust the return on equity (ROE) and return on equity during construction (ROEDC) to 17% annually, calculated at a rupee-dollar exchange rate of 168, with no future dollar indexation. These changes will take effect from October 31, 2024. To address energy shortfalls, the agreements stipulate that debt servicing…

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OGDCL Announces Production Commencement from Kunnar West Well-03 in Hyderabad, Sindh

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Sindh-ogdcl

ISLAMABAD, December 19, 2024: Oil and Gas Development Company Limited (OGDCL), Pakistan’s leading exploration and production company, on Thursday announced the commencement of production from its Kunnar West Well-3, located in the Hyderabad district of Sindh.The well, brought into production at a wellhead flowing pressure (WHFP) of 1200 PSI with a 32/64” choke size, is currently producing 3.5 million standard cubic feet per day (MMSCFD) of gas, 30 barrels per day (BPD) of condensate, and 3.8 metric tons per day (MTD) of liquefied petroleum gas (LPG). The gas output has…

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Energy and Economy Forum Highlights Key Energy Sector Challenges

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Energy-and-Economy

Energy and Economy Forum Highlights Key Energy Sector Challenges December 19, 2024 Islamabad, December 19, 2024 – The Energy and Economy Parliamentary Forum convenes its third meeting in the Parliament House, chaired by Dr Nafisa Shah, and co convened by Arbab Sher Ali and Shezra Mansab Ali and attended by Senator Sadia Abbasi and MNAs Mubeen Jutt, Danial Chaudhry, Dr Amjad Ali. The meeting reiterated that comprehensive and all encompassing energy reforms were the need of the hour and agreed to convene a parliamentary consultation to review the ongoing negotiations…

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Over Rs200 Million Gas Dues Owed by Top Government Offices

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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…

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OGRA Weighs CPP Disconnections Amid Revenue Challenges

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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…

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