Category: Recent Post

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) Chairman Tauseef H Farooqi has said that the regulator is working on an inclusive Corporate Social Responsibility (CSR) development model. He was addressing a webinar cum seminar at Nepra Headquarters envisioning developing a CSR culture with its CSR drive of “Power with Prosperity”. The event was attended by a number of senior representatives from power industry, public and private sector entities as well as members of the Authority, Rehmatullah Baloch and Engr Bahadur Shah. Tauseef H Farooqi in his keynote address said the…

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NEPRA has recently issued its determination on the applicability of Open Access (OA) charges applicable on OA consumers and has rejected the petition of CPPAG in this respect connected with the wheeling charges. Buyers or consumers’ choice and competitions are the basic tenets of capitalist markets. Under Open Access, the consumer has a choice of procuring or generating his own electricity. Open Access is one of the key instruments for fostering competition, promoting new investments and power supplies, improving capacity utilization, reducing cost and prices for large customers, industries in…

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ISLAMABAD: The government has sought urgent tenders for liquefied natural gas (LNG) deliveries in third and fourth week of February to fill the gap arising out of a default by Emirates National Oil Company (ENOC) on its supply commitment. A senior official at the Ministry of Energy (Petroleum Division) confirmed that two cargoes had been sought from the international market using emergency provisions of the procurement rules. He said Pakistan LNG Limited (PLL) — the state-run entity responsible for import of LNG — had approached prospective suppliers for LNG delivery…

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The Peshawar Electric Supply Company (PESCO) recovered Rs1.24 million from defaulters in Abbottabad and Haripur districts during ongoing efforts to recover arrears, a spokesperson shared on Tuesday. He said that Hazara circle teams along with Pesco and the police checked various areas and replaced 45 defective metres on the spot. The operation against power stealers intensified in the province while the spokesperson maintained that it will continue till achieving the desired results. He said power theft not only causes financial losses and overloading of the power distribution system.

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ISLAMABAD: The involvement of state companies in the liquefied natural gas (LNG) business has exposed financial risk to Pakistan as Gunvor – a supplier of the LNG – has filed a case against the Pakistan State Oil (PSO) in an international court. The PML-N government had involved the private sector in setting up LNG terminals in Pakistan. But it involved state companies like the PSO and the Pakistan LNG Limited (PLL) in the LNG supplies business. The PSO had signed LNG supply contracts with Gunvor and Qatar Petroleum. It had signed a contract…

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