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The National Electric Power Regulatory Authority (Nepra) on Thursday reserved its judgement about Rs1.26 per unit additional charge to consumers on account of monthly fuel price adjustment and quarterly adjustment for April-June 2021. At a public hearing presided over by Nepra chairman Tauseef H Farooqui, the regulator took up two separate petitions of K-Electric (KE) for additional charge to consumers including 55 paisa per unit on account of fuel cost adjustment (FCA) for July and 71 paisa per unit for quarterly adjustment for April-July 2021. The KE representatives told the…

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In what appears to be increasing mess in liquefied natural gas (LNG) business, Pakistan on Thursday got one-day notice from Engro Elengy Terminal Limited (EETL) to give up its sovereign right to take over its ship and commit full “take or pay” for larger capacity as the government received more expensive bids for five LNG cargos in October and November. On top of that, the country would be facing about 300 to 600 million cubic feet of gas shortage in coming winter. In case the government decides to retain Engro’s…

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The government will soon initiate the process to pay 40 percent as first installment to 12 IPPs installed under power policy 2002 as NAB has given its approval to law division, saying the government can proceed to this effect. “This development came on surface when the NAB gave its approval to the Law Division allowing the government to proceed to pay the dues of 12 IPPs installed under 2002 power policy, officials at Law Division and Power Division confirmed to The News. However, they said, the anti-graft body advised the…

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Prime Minister Imran Khan has sought an explanation from the Petroleum Division in the wake of complaints from ministers for railways and maritime affairs over failure of Pakistan State Oil (PSO) to utilise services of state units for oil transport. During discussion in a cabinet meeting last week, the railways minister said that PSO had discontinued transport of POL products through Pakistan Railways. The minister for maritime affairs pointed out that, despite repeated directives of the cabinet, the first right of refusal was not being sought from Pakistan National Shipping…

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With Rs9.6 billion extra cost due to shortage of Liquefied Natural Gas (LNG) in July, the National Electric Power Regulatory Authority (Nepra) on Wednesday finalised about Rs1.38 per unit increase in electricity rates for ex-Wapda distribution companies (Discos) for a month under the fuel cost adjustment (FCA). At a public hearing presided over by Nepra chairman Tauseef H. Farooqui, the authority did not agree to a Rs28bn (Rs1.47 per unit) worth of additional FCA for electricity consumed in July owing to deviation from economic order of dispatch and some other…

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