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ISLAMABAD: The government has ordered uninterrupted operations of two Punjab-based fertiliser plants — Agritech and Fatima Fertiliser — on domestic gas supply from Sui Northern Gas Pipelines Ltd (SNGPL) until November this year to ensure sufficient local fertiliser production. Also, the Petroleum Division and the SNGPL have been asked to charge late payment surcharge (LPS) on gas bills to these plants on an actual basis instead interest on LPS. The two decisions would involve about Rs3-4bn in the form of technical supplementary grants. A senior official at the Petroleum Division…

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ISLAMABAD: The Pakistan Atomic Energy Commission (PAEC) on Thursday announced that it had connected the much-awaited 1,100MW Karachi Nuclear Power Plant Unit-2 (K-2) to the national grid. In a statement, the PAEC termed it a ‘Pakistan Day’ gift to the nation. It said the nuclear power plant (NPP) had achieved criticality at the end of February and was undergoing certain safety tests and procedures before it could finally be connected to the national grid. The loading of nuclear fuel onto the plant was started on December 1, 2020 after getting…

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The federal government has rejected a panel recommended by Sindh for appointing member finance of the National Electric Power Regulatory Authority (Nepra) tribunal on the grounds the candidates did not meet the eligibility criteria. Sources told The Express Tribune that the Sindh Energy Department had sent a two-member panel for selection of one of them for the post of Nepra tribunal member (finance). It recommended Asif Ali for hiring as member finance while the panel also included the name of Shakil Ahmed. Earlier, the federal cabinet had approved the appointment…

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ISLAMABAD: Saudi Arabia’s Al-Jomaiah Group on Wednesday sought early resolution of payables and receivables of K-Electric (KE) and urged the government and public sector entities to facilitate the power utility’s takeover by China’s Shanghai Electric Ltd. A press statement issued by KE said that Aljomaih Holdings’ Managing Director Investments Abdulaziz Hamad Aljomaih hoped that the government of Pakistan would expedite the removal of any impediments to the conclusion of Shanghai Electric Power’s (SEP) proposal to take a 66.4 per cent controlling stake in K-Electric Limited. The statement, issued on the…

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KARACHI: Central Power Purchasing Agency (CPPA) has approached the National Electric Power Regulatory Authority (NEPRA) seeking 54.8 percent increase in market operator fee to Rs3.002kwh/month for the fiscal year 2020-21. CPPA in its petition noted the agency’s revenue requirements for FY2020-21 were estimated at Rs853.61 million compared with Rs601.81 in the last fiscal year. In order to meet with the expenses for discharging the functions and plans mentioned, CPPA requires revenue to be approved by the NEPRA. CPPA has sought Rs695.46 million under general establishment costs and Rs184.44 million as…

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