Category: Shortcode

Questions raised over Rs510bn transmission plan

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Power-control

ISLAMABAD: Almost all the provinces and distribution companies as well as the power regulator have raised questions over the revised Rs510 billion investment plan for transmission system to be implemented by the National Transmission and Despatch Company (NTDC) over three years (2023-25). Similar objections were raised by provinces in January this year over insufficient allocations for evacuation of power from their priority power plants when the NTDC had proposed an investment outlay of about Rs370bn for the same (2023-25) period. The plan was subsequently returned to the transmission system operator…

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PRL signs licence deals with Honeywell UOP, Axens for refinery upgrade

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PRL-eyes

KARACHI: Pakistan Refinery Limited (PRL) has signed pivotal license agreements with global technology providers Honeywell UOP and Axens for its ambitious Refinery Expansion and Upgrade Project (REUP), the company said on Tuesday. “PRL has signed pivotal license agreements with renowned industry leaders Honeywell UOP and Axens, for its ambitious REUP,” the PRL said in a filing to the Pakistan Stock Exchange (PSX). The REUP project aims to double PRL’s refining capacity from the current 50,000 barrels per day (bpd) to 100,000 bpd and upgrade the existing configuration from hydro skimming…

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Pakistan plans to sell excess power to Central Asia in winter season via CASA-1000

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crackdown-power

ISLAMABAD: Pakistan is looking to export its surplus electricity to Central Asian states, in the winter season, as it seeks to utilise the transmission infrastructure of a delayed regional power project and reduce its capacity payments burden. The country will hold the technical talks with Kyrgyzstan, Tajikistan, Kazakhstan, Uzbekistan and the World Bank in Dubai next month to discuss the tariff and the amount of power that can be sold to the region from October to April. Pakistan has a huge excess of electric power in the winter season, when…

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Power ministry recovers Rs55bn from delinquent consumers

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free-power

ISLAMABAD: The power ministry said on Tuesday, it had recovered Rs55 billion from electricity consumers that had either not paid their bills or were involved in theft, as part of a campaign to reduce losses and improve the sector’s performance. The ministry said it had collected Rs46 billion from Sept. 7 to Oct. 31 and another Rs9 billion in November so far, through detection charges and arrears recovery from delinquent consumers. Rashid Langrial, secretary of Power Division, said the November data includes detection charges and arrears recovery but does not…

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Economic confidence hits new low

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economic.jpg

Ipsos survey reveals anxieties over inflation, unemployment and poverty levels ISLAMABAD: Only one in ten Pakistanis believes that the country is heading in the right direction, with economic problems ranking as the most worrying issues for them, reveals a new opinion poll. The outcomes of the survey reflect the overall poor conditions of the country, yet the number seeing the economy as very weak has declined to 60%, according to the Consumer Confidence Index Survey conducted by Ipsos – a market research firm – last month. The survey revealed that…

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