Category: News & Announcement

National Electric Power Regulatory Authority (Nepra) said on Friday that power Distribution Companies (Discos) have not converted into commercially viable independent business entities as they continue to be plagued by financial mismanagement. Addressing the opening of the fifth day (final day) of Nepra Energy Week 2020, Nepra Member (Sindh) Rafquue Ahmad Shaikh said that the reform process envisaged corporatization of Discos and ultimate privatisation. However, 20 years down the line, corporatization of Discos has not worked fully. He maintained that despite having their respective Board of Directors, Discos are still…

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ISLAMABAD: A major cut of Rs 10 in petrol price and Rs 7.3 in diesel is likely following 20 per cent fall in oil prices in the global oil market. According to media reports, the Oil and Gas Regulatory Authority (Ogra) has recommended the government to reduce Rs10 per litre in price of petrol and the price of high speed diesel (HSD). It is pertinent to mention here that the government decided to keep the price of petrol unchanged for the month of February. The Oil and Gas Regulatory Authority (OGRA)…

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Adviser to Prime Minister on Climate Change Malik Amin Aslam on Friday said that notification for electric vehicles policy would be issued after getting approval from the Economic Coordination Committee (ECC) next week. This is the second time that Malik Amin had set a deadline on notifying electric vehicle policy. During his visit to Karachi in November last year, he had announced issuance of relevant SROs by the first week of December, but since then the industry and importers are waiting for such notifications. Now, he again came up with…

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Last year saw wind generation in the U.S. overtake hydroelectric generation for the first time, according to data from the U.S. Energy Information Administration (EIA). Released Wednesday, the figures from the EIA’s “Electric Power Monthly” report show that yearly wind generation hit a little over 300 million megawatt hours (MWh) in 2019. This was roughly 26 million MWh more than hydroelectric production. Wind now represents the “most-used renewable electricity generation source” in the U.S., the EIA said. Overall, total renewable electricity generation — which includes sources such as solar photovoltaic,…

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ISLAMABAD: Amid rising political pressure owing to prevailing price hike, the Prime Minister Office is seeking a drastic cut to revenue requirements of the two gas utilities for current fiscal year to minimise increase in gas rates. The move is likely to cast negatively on the ongoing talks with the International Monetary Fund (IMF), embarrass Oil and Gas Regulatory Authority (Ogra) that had determined the prescribed gas prices and affect the financial position of the Sui Northern Gas Pipelines Limited and Sui Southern Gas Company Limited. A senior government official…

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