Category: Shortcode

Price of gas to Fatima, Agritech: Ministry seeks ECC’s approval for upward revision

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Uch-Power.

ISLAMABAD: The Ministry of Energy has sought the approval of the Economic Coordination Committee (ECC) of the Cabinet to revise upward the price of indigenous gas supply to Fatima Fertilizer and Agritech to Rs1,238.68/MMBtu following the Determination of the Estimated Revenue Requirement (DERR) by the OGRA for the fiscal year 2023-24. Sources in the Finance Ministry said that the Ministry of Energy in a summary stated that the ECC in March 2023 directed the Petroleum Division to provide indigenous gas to Fatima Fertilizer (Sheikhupura) and Agritech (Mianwali) plants on the…

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SSGC suspends gas supply for two days

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SSGC

KARACHI: While continuously facing a gas shortage in the system, Sui Southern Gas Company Ltd (SSGCL) on Friday announced a supply suspension for 48 hours for industries starting from Jan 6 (8:00 am) to Jan 8. SSGCL said the availability of gas has decreased, resulting in the depletion of line packs, causing low pressures in the system. All industries including their power generation units and all CNG stations in Sindh (including those being operated on RLNG) will remain closed for 48 hours, according to a press release issued by the…

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Power users to pay Rs4.13 per unit more in Jan

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Nepra-KE-1

ISLAMABAD: The power regulator Nepra has announced a significant fuel cost adjustment (FCA) of Rs4.13 per unit for users of government-owned distribution companies (Discos), marking a substantial financial impact of about Rs35 billion. This adjustment relates to electricity consumed in November and will be reflected in the January bills of consumers, except those in the lifeline category and K-Electric users. This development marks the second consecutive month that the National Electric Power Regulatory Authority has approved an FCA for Discos consumers. Previously, in October 2023, it approved an FCA of…

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Renewables hit 55% of German electricity mix

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wind-power

Onshore and offshore wind sources accounted for 31.1% of power generated The share of electricity generated from renewable energies in the German grid load was 55% in 2023, according to the electricity market data platform of the Federal Network Agency. Wind turbines made the biggest contribution to this – especially on land. Onshore and offshore installations together accounted for a share of 31.1% of the electricity generated. Photovoltaics covered 12.1% and biomass 8.4%. The remaining 3.4% was accounted for by hydropower and other renewables. Overall, generation from renewable energies in 2023 amounted…

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600MW wind, solar projects: PFREF moves army chief

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solar-panel

ISLAMABAD: Pakistan Foreign Renewable Energy Forum (PFREF) has approached Army Chief General Syed Asim Munir for resolution of long pending issue of 13 wind and solar projects of 600 MWp with an investment of $ 600 million. In a letter to the COAS, President of (PFREF), Mustafa Abdulla has praised Gen Asim for his untiring efforts to remove bureaucratic hurdles to bring Pakistan back to new heights economically and financially. The Executive Committee (EC) of the Special Investment Facilitation Council (SIFC) has constituted an inter-ministerial panel to holistically review the…

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