Category: Shortcode

Tehran move for international arbitration: Iran extends IP gas line project deadline by 180 days

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gas-pipeline

ISLAMABAD: Iran has extended the deadline on the much-delayed IP gas line project by 180 days till September 2024. If Islamabad fails to positively respond, Tehran will move the Paris-based International Arbitration, seeking a penalty of $18 billion, top government officials told The News. “However, Iran has offered to send its legal and technical team to Pakistan to jointly work out a win-win strategy before the end of 180-day deadline so that the project is materialised and arbitration is averted.” The Iranian technical jointly work out a win-win strategy before…

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Gas from new discoveries: SNGPL opposes giving half share to ‘third party players’

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gas-prices

ISLAMABAD; Sui Northern Gas Pipeline Company Limited (SNGPL) has opposed allocation of 50 per cent indigenous gas from new discoveries to politically influential third party players through amendments in Petroleum (Exploration and Production) Policy 2012, to be presented before the Council of Common Interests (CCI) on Monday (today), well informed sources told Business Recorder. According to SNGPL, it received a summary for CCI which has huge implications for energy supply chain and key high priority sectors like export, fertiliser and domestic consumers. SNGPL maintains that its comments were not sought on…

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Pesco resents ‘excessive’ supplemental charges by CPPA-G

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power-tariff

ISLAMABAD: Peshawar Electric Supply Company (PESCO), one of the worst performing Discos, has reportedly protested with CPPA-G on charging of unbridled supplemental charges from it in violation of NEPRA determination. Chief Executive Officer (CEO) PESCO, in a letter informed CEO CPPA-G that his organisation has charged supplemental charges amounting to Rs. 4.306 billion to PESCO for the month of Oct-2023 as conveyed by the Additional Manager Finance (Billing) CPPA-G on November 15, 2023 . The cumulative amount charged by CPPA-G to PESCO on account of supplemental charges stood at Rs.…

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Privatisation programme: MoF opposes delisting of all Discos

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Power-generation

ISLAMABAD: Ministry of Finance (MoF) has opposed delisting of all power Distribution Companies (Discos) from the privatisation programme, suggesting that only those companies be delisted which are selected for the concession model, well informed sources told Business Recorder. Power Division, sources said, has prepared a new proposal for the Cabinet Committee on Energy (CCoE) with respect to Discos’ fate, after withdrawal of plan regarding handing them over to provinces. Finance Ministry, sources said, has floated this proposal, in its comments on a draft summary of Power Division titled “private sector participation…

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International Day of Clean Energy celebrated

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New-Project2

WWEA says Pakistan well on track for maximum utilization of its massive clean power potential Karachi The World Wind Energy Association (WWEA) has said that Pakistan is well on track in making progress to increase the production of clean electricity as the drive should continue to take advantage of an abundance of renewable power sources available in the country. WWEA Secretary General, Stefan Gsanger, appreciated Pakistan’s drive to maximize the utilization of massive indigenously available wind and solar power sources as he spoke as the guest of honour at an…

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