Category: Shortcode

Nepra Approves Rs4.92 per Unit Extra Charge for February Electricity Usage

Admin
Nepra-tariff

Islamabad: Consumers are set to face an additional charge of Rs4.92 per unit in the upcoming month for electricity consumed in February, as approved by the National Electric Power Regulatory Authority (Nepra). This hike, categorized as additional fuel cost adjustment (FCA), will impact consumers across all ex-Wapda distribution companies (Discos), resulting in a net financial impact of approximately Rs45 billion. Nepra’s notification, issued on Monday, outlines that the net tariff increase due to the FCA will amount to about Rs7.51 per unit, partially spilling over to the upcoming quarterly tariff…

Read More

AD Ports Group to Invest $220 Million in Karachi Container Terminal

Admin
Port-Trust

Karachi Port Trust (KPT) and AD Ports Group recently inked a 50-year concession deal for a container terminal at East Wharf, Karachi Port, following a similar agreement for a bulk and general cargo terminal. This collaboration, signed in June 2023, underscores a shared commitment to bolster Karachi’s status as a pivotal maritime hub. During an iftar dinner hosted by Karachi Gateway Terminal Limited (KGTL) at a local hotel, Raheel Monis, the Manager of Marketing and Commercial at Karachi Gateway Terminal, expressed KGTL’s dedication to port development. Monis revealed that AD…

Read More

Federal Minister for Power Sardar Awais Ahmed Khan Leghari Directs Tough Measures to Curb Electricity Theft

Admin
Sardar-Awais

Federal Minister for Power, Sardar Awais Ahmed Khan Leghari, has issued instructions for immediate and stringent measures to combat the ongoing issue of electricity theft across Pakistan. Emphasizing the critical need to eradicate this illegal practice, Minister Leghari has set a decisive deadline of April 23 to eliminate all forms of electricity theft from the country’s power grid. In a letter Minister Leghari has tasked all Discos’ chairmen and CEOs with mobilizing their resources effectively to put an end to electricity theft. Additionally, he has instructed Superintendent Engineers, Executive Engineers,…

Read More

OGDCL Discovers Tight Gas at Nur West # 01 in Sujawal District of Sindh

Admin
OGDCL-Sindh

ISLAMABAD, April 04, 2024: The Oil & Gas Development Company Limited (OGDCL) has discovered gas at its exploratory Well Nur West # 01, situated in the Sujawal district of Sindh province. OGDCL is the sole operator with a 100% stake in Nur Development & Production Lease (D&PL).The structure of Nur West # 01 was drilled and tested using OGDCL’s in-house expertise to a depth of 2975 meters. The well tested 1.24 Million Standard Cubic Feet per Day (MMSCFD) of gas through a 32/64″ choke at a wellhead flowing pressure of…

Read More

“IMF Directive: Gas Tariff for Captive Power Plants to Align with RLNG Prices from July 1”

Admin
New-RLNG

Under directives from the International Monetary Fund (IMF), the government is preparing to equalize the gas tariff for captive power plants (CPPs) with Re-gasified Liquefied Natural Gas (RLNG) prices starting July 1, 2024. This move follows discussions with senior officials from the Energy Ministry, who highlighted the necessity of this adjustment in response to IMF requirements. Currently, the gas tariff for CPPs stands at Rs2,750 per MMBTU, with plans to increase it to match RLNG prices. This adjustment is seen as crucial in meeting IMF obligations and addressing inefficiencies in…

Read More