Category: Shortcode

To alleviate the tragic impact of recent floods across Pakistan, Associated Group though its companies including Pakistan GasPort Limited and PGPCL (PGPL and PGPCL own Pakistan’s largest LNG regasification and storage terminal) has donated Rs. 10,000,000 (Ten Million Rupees) to the Pakistan ‘Army Relief Fund for Flood Affectees.’ The monies will be spent on relief work and supply of provisions for the community members most adversely hit by the floods. Furthermore, BW LNG through a JV Partnership with MITSUI & CO., LTD., the provider of Floating Storage Regasification Unit at…

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Prime Minister Shehbaz Sharif said on Monday that cheaper energy production from Thar coalfields would be a game changer for national development. Speaking at the inauguration of the commercial operations of the second phase of coal mining by Sindh Engro Coal Mining Company (SECMC), the prime minister said the Thar coal project would help the government save up to $6 billion annually in terms of reduced energy imports, which already crossed the $24bn mark. He said the project was high on the government’s agenda as coal reduced the cost of…

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The Sindh High Court on Monday extended its earlier order to restrain the K-Electric from collecting the Municipal Utility Charges and Taxes (MUCT) through electricity bill till Oct 26. A division bench headed by Justice Syed Hasan Azhar Rizvi also appointed two senior lawyers as amici curiae to assist the court on the subject issue. Karachi Administrator Murtaza Wahab was present in court when the bench took up for hearing two petitions filed by a lawyer and the city chief of the Jamaat-i-Islami against collection of MUCT through power bills.…

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National Electric Power Regulatory Authority (Nepra) is to protect interest of both net metering consumers, as well as, remaining non net metering 35 million consumers across the country. Well informed sources in Nepra told Business Recorder that the number of net metering consumers at present is around 28,000. The excess units delivered by net metering consumers in the grid in August 2022 were around 4.2 GWhs which are expected to increase exponentially, keeping in view the fact that installed capacity for the Distributed Generators (DGs) has increased from less than 100 MW…

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Senate passes resolution to end monopoly in power sector October 11, 2022 The government and the opposition in the Senate Monday passed a rare unanimous resolution for abolition of monopoly in the power sector and evolving a mechanism to help generate and provide low-cost electricity to consumers. Both sides expressed deep concern over the continuously increasing power tariff and identified monopoly “mafias” as the main hurdle to going for cheaper technology for electricity generation. The Senate witnessed a lively debate from both sides of the divide on the subject. The…

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