Category: Shortcode

Spare parts for TPS-14 rehabilitation: GE warns TPS Guddu management against LC opening delay

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Spare-parts

ISLAMABAD: M/s General Electric (GE) has cautioned the management of Thermal Power Station (TPS) Guddu that any delay in opening of Letter of Credit (L/C) may have cascading effect on delivery of mandatory spare parts for necessary rehabilitation of TPS-14. In a letter to Chief Executive Officer, Central Power Generation Company Ltd, Genco-II, TPS Guddu, the Country Director M/s GE, as per Contractual Service Agreement (CSA) Exhibit 1, major inspection shall be carried out after completion of 32000 FFH from Advance Gas Path (AGP) upgrade. The AGP upgrade for GT14…

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CPEC IPPs: Finance Division asks PD to adjust Rs20.726bn as advance payment

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CPEC-IPPs

Finance Division has once again advised that Power Division may adjust the advance payments to CPEC-IPPs against next five months of FY 2023-24 ISLAMABAD: The Finance Division has asked the Power Division to adjust Rs 20.726 billion as advance payment to CPEC IPPs against next five months of current financial year (2023-24) as decided by the federal government, official sources told Business Recorder. Citing the Power Division’s letter of June 22, 2023 on implementation of Revised Circular Debt Management (CDMP), the Finance Division has stated that funds of Rs 2.726 billion…

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KE deliberately targeting PPP support base, alleges Imtiaz Shaikh

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Power-voices

K-Electric is deliberately targeting areas for loadshedding where the Pakistan Peoples Party enjoys great support, said Sindh Energy Minister Imtiaz Shaikh. In a statement issued on Friday, he said that loadshedding of 14 to 18 hours had made people’s lives miserable. “Industries are being shut down and business matters have come to a standstill,” he said. The energy minister said that the sharp rise in unemployment was harming the country’s economy. Shaikh said that for what crime was K-Electric punishing the customers who paid the electricity bills regularly. He said…

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Oil prices up 2 percent to 6-week high on supply concerns

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fuel-oil

NEW YORK: Oil prices climbed about 2 percent to a six-week high on Friday as supply concerns outweighed fears that further interest rate hikes could slow economic growth and reduce demand for oil. Brent futures rose $1.21, or 1.6 percent, to $77.73 a barrel by 1506 GMT. U.S. West Texas Intermediate (WTI) crude rose $1.23, or 1.7 percent, to $73.03. Both benchmarks were on track for their highest closes since May 24 with Brent was up about 4 percent for the week and WTI headed for a weekly rise of…

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OGRA warned LPG Marketing Companies on price hike of LPG price and asked to ensure compliance with the LPG notified price

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Oil-and-Gas

The Oil and Regulatory Authority has issued a directive to all LPG Marketing Companies, emphasizing the importance of adhering to the LPG notified price for the month of July. It is essential for all companies operating in the LPG sector to ensure that they are in compliance with the notified price to promote transparency and fair practices in the industry.The companies are further directed to prominently mention the cylinder selling rates on the sales invoices while dispatching to distributors. This step aims to provide transparency and clarity to the distributors…

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