Category: Recent Post

A comprehensive plan has been formulated on Punjab Chief Minister Usman Buzdar’s directives to provide international standard public transport to citizens living in major cities like Lahore, Rawalpindi, Faisalabad, and Multan. According to details, 100 electric buses will be run in Rawalpindi to modernise these cities’ transport system for which a new route plan will be designed. Route No. 1 will be from Saddar to New Airport Islamabad. Route No. 2 from Rawat to Saddar, Route No. 3 from Faizabad via IGP Road to Airport and from Sangjani to Radio…

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K-Electric has said that enhanced use of re-gasified liquefied natural gas (RLNG) to meet growing demand for power from the city of ports during the summer season will cost an additional Rs18 billion during March-September and consumers will partially share the cost. Besides, the company has decided to provide maximum possible relief to its consumers during Ramazan, but it would strictly follow its policy of intentional load-shedding of up to seven hours a day in 25% areas in the city, said K-Electric CEO Syed Moonis Abdullah Alvi. The company resorts to intentional…

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Another 64 paisas per unit gets added to the monthly Fuel Charges Adjustment (FCA) for February 2021. This takes the average monthly adjustment in FY21 so far to 82 paisas per unit, of Rs1 per unit sought originally. February is historically the month with lowest electricity demand, and invariably the month with least economic merit order violations. Low power demand, coupled with easing domestic and imported gas demand pressure, ensures the system runs rather smooth in February. That said, there were still deviations from the reference monthly tariff, as power…

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ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Wednesday directed the power division to deliberate further and present options for cost optimisation regarding pension liabilities of surplus employees of closed power plants. Power division presented a summary for a one-time grant to power generation companies for onward payment to distribution companies regarding the actuarial value of pension and pensionary benefits of surplus employees and also taking over the liability for payment of pension to existing pensioners of power plants which were decided to be closed immediately by the…

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ISLAMABAD: After the NAB letter to the Power Division which says the government has the full authority to execute its revised deals with IPPs, the top bureaucracy of both the power and finance divisions is not ready to implement the altered contracts, arguing the anti-graft body didn’t so far validate the process of negotiations and agreements inked with the IPPs. The NAB in February 2021 took suo moto of the whole negotiations and signing of MoUs, Master agreements and revised power purchase agreements (PPAs) and got hold of all records…

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