Category: Shortcode

Pakistan Gas Port Consortium Limited (PGPCL) on Tuesday issued a legal notice to Pakistan LNG Limited (PLL) for misconduct and default regarding third-party access agreement (TPPA) finalisation, causing hurdles in the private sector’s LNG imports. PLL has been urged to resolve the matter of TPPA within 90 days. In case of failure, PGPCL would move to the London Court of International Arbitration (LCIA) for justice. PGPCL, owner and operator of LNG terminal-2 on Tuesday issued the notice to the government-owned PLL by invoking dispute resolution under Clause 37 of the…

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Pakistan’s energy sector is going through severe crisis as the power sector’s receivables against various consumers including provincial governments, federal government, and private sector have crossed Rs2.5 trillion. This was stated by Tahir Basharat Cheema, former managing director (MD) Pakistan Electric Power Company (PEPCO), while addressing the launch ceremony of a book titled, “Power Sector an Enigma With No Easy Solution” organised by the Pakistan Institute of Development Economic (PIDE), here Tuesday. Besides others, the event was also attended by Federal Minister for Energy (Power Division), Khurram Dastgir Khan. While…

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The top management of the Sui Southern Gas Company (SSGC) has violated a decision from its board of directors and reimbursed a multi-million-rupee club membership fee to over 25 executives. The company management had failed to honour the decision of the board of directors (BoD) of SSGC which had directed the management to immediately stop privileges including club membership facility to executives. The management made unauthorised payments of Rs6.27 million on account of club membership facilities due to the non-implementation of directives from the BoD. The auditor general of Pakistan…

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The impact of the global energy crisis following the Russia-Ukraine conflict and the previous regime’s failure to take prudent steps had led to the fears that the nation would experience the worst-ever gas crisis during the ongoing high-demand winter season. Everything is not alright, however, the current coalition government’s multi-faceted strategy to tackle the situation seems working and so far it has sensibly regulated the gas supply to domestic consumers to a significant amount. There is no denial about consumers’ complaints regarding commodity shortages in some areas of the country,…

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The Chinese company CIHC Pak Power Company Limited (CPPCL) working on 300MW Gwadar coal fired power project has termed the proposal for import of electricity from Iran to Gwadar and the proposed 600km 500KV transmission line from Hub to Gwadar as unreliable, susceptible to blackout due to technical or security concerns, which does not give investors the confidence to invest in the port city. The CIHC Pak Power Company Limited (CPPCL) has also termed the proposal of the PPIB regarding converting to local Thar coal instead of imported coal and…

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