Category: Recent Post

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Thursday allowed another 83-paisa per unit (kWh) increase in electricity rates of Distribution Companies (Discos) of ex-Wapda under quarterly tariff adjustment (QTA) mechanism to generate over Rs84 billion to the bleeding power sector. This comes a day after the power regulator notified about Rs1.54 per unit increase in power rates for these Discos under monthly fuel cost adjustment (FCA) to generate about Rs11.6bn additional revenue. On top of the above two decisions, the regulator is expected to issue on Friday its…

Read More

ISLAMABAD: Rejecting a re­­quest for 123 per cent increase, the Oil & Gas Regulatory Authority (Ogra) on Wednesday allowed Rs13.42 per unit (2pc) raise in the prescribed price for Lahore-based Sui Northern Gas Pipelines Ltd (SNGPL). The increase was determined on the request of gas utility on the basis of its estimated revenue requirement (ERR) for 2020-21. The regulator said it provisionally determined the shortfall in revenue required for the SNGPL at Rs4.35bn. “Accordingly, the revenue required for SNGPL is provisionally determined at Rs228.7bn and prescribed at Rs644 per million…

Read More

Says talks with banks under way to double their debt repayment tenure with IPPs• Four Discos to be given to private sector to curtail losses ISLAMABAD: The government on Wednesday said the National Accountability Bureau (NAB), National Electric Power Regulatory Authority (Nepra) or Securities and Exchange Commission of Pakistan (SECP) would be free to proceed against independent power producers (IPPs) for any misdeed or criminality even after they agreed to give about Rs770 billion discount over the remaining 20-year life of their contracts. At the same time, the government is…

Read More

The Sindh government has decided to set up a 200-megawatt power plant based on solid civic waste as primary fuel in Karachi as the city of ports generates around 8,000 tons of waste every day. The decision was taken at a meeting chaired by Sindh Minister for Local Government, Information, Religious Affairs and Forests Syed Nasir Hussain Shah and Sindh Minister for Energy Imtiaz Ahmed Sheikh on Wednesday. The meeting decided to develop the project at a fast pace and make it “operational as soon as possible”, said a statement…

Read More

LAHORE: Pakistan LNG Limited (PLL) has warned the Ministry of Energy (MoE) of massive disruption in the liquefied natural gas supply chain in near future if Rs6.5 billion payments are not released by the Sui Northern Gas Pipelines Limited (SNGPL). The PLL, which already defaulted with the United Bank Limited (UBL) for LNG supply payment last week, has in a recent communication to the MoE complained that the SNGPL has failed to release payment on an urgent basis despite repeated requests. “Please refer to our letter No. PLL/FA/2021/01/25-01 of Jan…

Read More