Category: Recent Post

With power sector circular debt touching Rs2.327 trillion as of June 30, 2021, the Cabinet Committee on Energy (CCoE) on Thursday ordered expeditious implementation on oil crisis report including transfer of additional powers to Oil & Gas Regulatory Authority (Ogra) to regulate oil marketing sector. Presided over by Planning Minister Asad Umar, the CCoE also desired a final position of all the stakeholders on allocation of pipeline capacity and tie-in mechanism before the next meeting to secure final investment decisions (FIDs) from investors of two additional merchant LNG terminals. It…

Read More

ISLAMABAD: As the government conceded up to 1,500MW power cuts due to shortfall in addition to loadshedding, the power regulator on Friday approved an increase of up to Rs2.97 per unit in tariff for electricity consumers of ex-Wapda distribution companies (Discos) with effect from October 1. According to an order along with schedule of tariff (SOT) released by the National Electric Power Regulatory Authority (Nepra), the tariff increase includes a fresh surcharge of Rs1.25 per unit for all consumers, except residential consumers, and a quarterly adjustment of Rs1.72 per unit…

Read More

ISLAMABAD: Although the government has held Engro responsible for the current gas crisis in the country, its president Ghias Khan argued that if the work had been done at an accelerated pace, terminal dry-docking could have accomplished during the Eid holidays. He said they had written several letters to Sui Southern Gas Company (SSGC), as they possessed 70 such letters written to them. While talking to Geo News programme anchor Shahzeb Khanzada Thursday, he said they had informed the SSGC in October 2019 that the dry-docking would be done in…

Read More

An indecisive Federal Ministry of Energy dragged its feet on carrying out dry docking of most efficiently run Liquefied Natural Gas (LNG) based Floating Storage and Regasification Unit (FSRU), missing several low demand periods during mild weather and lockdowns despite repetitive reminders, The News learnt on Thursday. As a last resort, Qatar was contacted to allow filled FSRU in place of outgoing ship with a view to saving shutdown time but that move was too late to be a starter given the documentation required for this purpose. Hence, Qatar, the…

Read More

Five Asian countries are jeopardising global climate ambitions by investing in 80% of the world’s planned new coal plants, according to a report. Carbon Tracker, a financial thinktank, has found that China, India, Indonesia, Japan and Vietnam plan to build more than 600 coal power units, even though renewable energy is cheaper than most new coal plants. The investments in one of the most environmentally damaging sources of energy could generate a total of 300 gigawatts of energy – enough to power the UK more than three times over –…

Read More