Category: Recent Post

ISLAMABAD: As many as 53 independent power producers (IPPs) that signed MoUs with the government providing estimated relief of Rs836 billion in their remaining period of PPAs, have got irritated on the non-seriousness on part of the Power Division in finalising payment mechanism for offloading dues of Rs462 billion and implementation of their recommendations mentioned in MoUs. The IPPs also conveyed to the government that they will not provide the relief of over Rs135 billion, which is due in the head of late payment surcharge saying waiving off the amount…

Read More

ANALYSTS often highlight the need for capable leadership in Pakistan’s energy ministry. Those at the helm of decision-making have persistently succeeded only in strengthening that view. The unceremonious and abrupt reshuffling of the Power Division recently indicated how the federal government was struggling to get a handle on the sector’s state of affairs. Now there’s a new special assistant to the prime minister and a federal secretary. This analyst spoke with SAPM Tabish Gauhar to learn about his vision and priorities, which have yet to get a formal nod from…

Read More

Sui Southern Gas Company and the National Transmission & Despatch Company (NTDC) have linked the signing of Gas Supply Agreement (GSA) and Power Purchase Agreement (PPA) with K-Electric to the clearance of their outstanding dues of Rs253 billion. SSGC wants K-Electric to guarantee the payment of Rs103 billion prior to the GSA while NTDC also needs clearance of its Rs150 billion worth dues, said an official source. In this regard, a meeting is due next week between the government and K-Electric official to resolve the issue of GSA and PPA,…

Read More

Getting rid of bad governance, mismanagement and corruption would obviously be a huge service to our country. The question is: are we truly committed to this fight? What happens when stories of corruption and mismanagement start coming in but instead of dealing with them, the government resorts to targeting the messenger. As Shahzeb Khanzada has raised time and again on his show on Geo TV, many questions remain unanswered in a long and growing list of mismanaged affairs of governance. One of them is the matter of LNG purchase. It…

Read More

ISLAMABAD: The Petroleum Division (PD) on Thursday said the government had procured 41 spot liquefied natural gas (LNG) cargoes, during the last 27 months, on average of below 12 percent Brent that helped save $237 million. The PD shared these details in a press statement after some media reports alleged mismanagement in the spot buying, terming them “based on false assumptions and incomplete facts.” The PD said the first query, in the media reports, pertained to the LNG procurement to run both terminals in full capacity and import of six…

Read More