Category: Recent Post

PSO makes costliest purchase of LNG cargo

Admin

Making a new record, the state-run Pakistan State Oil (PSO) has purchased a cargo of liquefied natural gas (LNG) at $20.055 per unit (almost 27.9pc of Brent), the highest ever not only in the country but perhaps the second highest summer purchase in the world. This comes at a time when the government was justifying $15.5 per million British thermal unit (MMBTU) purchases by Pakistan LNG Limited (PLL), another state-run entity, as the lesser evil when compared with alternative fuels. As a result of the expensive LNG cargoes acquired through…

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COVID-19: France makes life difficult for unvaccinated

Admin

Business has been difficult for restaurateur Sylvain Belaud ever since the beginning of the COVID-19 pandemic, with turnover plummeting by 60% last year. And now the director of the Cafe Francoeur in the Montmartre area in northern Paris will have to face what feels like yet another obstacle on the way back to business as usual. A “health pass” will soon be required on trains, domestic flights and in long-distance buses, as well as in restaurants and cafes. The pass consists of a QR code on a smartphone or on…

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Sometimes a High Rise Is Better Than a Park

Admin

Climate change is hitting home everywhere. Just in the last few weeks, extreme heat, floods, and fires have all come to look like part of the new abnormal, and few places are safe. New York is issuing air quality alerts because of wildfires some 3,000 miles west. Climate policy, too, is increasingly personal, and there’s nothing quite as personal as housing policies—where we live, and how. It’s clear that city living cuts carbon—by around 50% relative to living in suburbia. If cities are part of the answer to climate change,…

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Rs6.7bn refund to consumers approved by Nepra

Admin

National Electric Power Regulatory Authority (Nepra) has approved a refund of Rs 6.7 billion to the consumers of Discos for a period of 12 months on account of Quarterly Adjustment (QTA) pertaining to the 3rd Quarter of FY2020-21. The allowed benefit amount has an impact of around Paisa 6.7/kWh on uniform basis on all consumers except lifeline and increment industrial sales eligible for industrial support package. The Authority has decided to start implementation of decision from October 1, 2021 which will remain applicable for one year. Discos under Single Year…

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New subsidy mechanism: Power Division moves Nepra for approval

Admin

The Power Division has approached National Electric Power Regulatory Authority (Nepra) for approval of a new subsidy mechanism for domestic consumers of Discos and KE, meant to bifurcate domestic consumers in more categories for higher revenue generation. The purpose of the new mechanism is to expand definition of lifeline consumers to include residential non-Time of Use (ToU) consumers having maximum of last twelve months and current month’s consumption, which implies for 100 units two rates for 50 and 100 units per month will continue. The new tariff subsidy policy is…

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