Category: Recent Post

The National Electric Power Regulatory Authority (Nepra) on Friday approved reduction from 17 to 12-13 per cent in the Return on Equity (RoE), Return on Equity during Construction (RoEDC), Operation & Maintenance and Insurance components of a total of 12 renewable independent power producers (IPPs) under renegotiated tariff contracts with the government. The regulator said the reduction in tariffs will result in estimated savings of around Rs150 billion over the remaining life of the projects. Of the total, seven projects are based on bagasse, three on wind and two solar…

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Oil & Gas Middle East will next month introduce a paywall across its website. Readers will be able to unlock unlimited access to Oilandgasmiddleeast.com for $14.99 per month to enjoy the market-leading content we strive to create. The move is recognition of Oil & Gas Middle East’s status as an authoritative media brand for the Middle East’s upstream sector, informing industry stakeholders across the supply chain. The paywall will enable the Oil & Gas Middle East team to invest further in its content while also helping to provide a more…

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Chinese scientists on a marine research vessel used China’s home-made “Sea Bull II” drilling system to obtain a sediment core 231 metres (253 yards)long at a depth of 2,060 metres (6,760 feet), the official Xinhua news agency said. The system can help explore natural gas hydrate resources in the seabed, Xinhua added, referring to the solid ice-like crystals formed from a mixture of methane and water that are touted as a promising source of energy. It was unclear exactly where the drilling took place in the South China Sea, around…

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International Monetary Fund (IMF) has projected that arrears of state owned gas companies – Sui Northern Gas Pipeline Limited (SNGPL) and Sui Southern Gas Company (SSGC) will rise by 0.6 percent of GDP by the end of financial year 2021-22 due to higher cost-revenue mismatch as more liquefied natural gas (LNG) has recently been diverted from the high price power sector to low price domestic users. The IMF report for second to fifth reviews prepared by a staff team of the Fund for the Executive Board’s consideration on March 24…

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ISLAMABAD: The government will neither privatize its all electric power distribution companies (DISCOs) nor sell out their shares as well, rather it will hand over management of every company and outsource the high losses feeders to the private sector. This will ensure to make DISCOs efficient by scaling down losses and increasing the recovery of the billed electricity to consumers to make the power sector sustainable.” Special Assistant to the Prime Minister on Power and Petroleum Mr Tabish Gauhar disclosed this to The News in an interview here on Thursdays.…

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