Category: Shortcode

The hydel generation capacity of Tarbela Dam will touch 6418 MW from the existing 4888 MW with the completion of 5 th Extension Hydropower Project (T-5) scheduled to be completed in 2025. The under-construction (T-5) will add 1530 MW to the already installed capacity of 4888 MW, sources told APP here. They said before commissioning of Tarbela 4th Extension, the installed capacity of Tarbela was 3478 MW but with the addition of 1410 MW, the capacity rise to 4888 MW. Now, with the addition of T-5, Tarbela will be largest…

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National Electric Power Regulatory Authority (Nepra) has reportedly accused Ministry of Energy of passing “unjustified” financial burden of Rs 30 billion to consumers by not supplying required RLNG or operating of inefficient/ expensive power plants during the last two years, well informed sources in Nepra told Business Recorder. The power regulator, sources said, has written a letter to Secretary Power Division in which his attention has been drawn towards the shortage of RLNG supply to the power sector over the last two years and the resulting financial impact due to…

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The government has approved one year extension to the Financial closing date of Thar Coal Block-1 Power Generation Company, well informed sources told Business Recorder. M/s Thar Coal Block-I Power Generation Company (Pvt,) Limited was issued a Letter of Support (LoS) on July 20, 2016 which was amended on September 15, 2017, January 12, 2018, August 17, 2018, February 22,2019, July 10, 2019, December 10, 2019, March 19, 2020, July 10, 2020, February 24, 2021 and August 24, 2021. The Project Company, for which eleventh amendment has been approved, and…

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Explainer: How worried should we be about Pakistan’s economy? Sept 30 (Reuters) – Concerns are rising again over the health of Pakistan’s economy as foreign reserves run low, the local currency weakens and inflation stands at decades-high levels despite the resumption of an International Monetary Fund funding programme in August. The IMF programme was meant to stabilise an economy that has been in a tailspin for months. The nuclear-armed country has suffered from external shocks like other developing nations heavily reliant on imports of oil, gas and other commodities.But then…

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Earlier this week, the Public Accounts Committee of the National Assembly of Pakistan was told that a paltry sum of Rs7 billion has been recovered against the outstanding Gas Infrastructure Development Cess (GIDC) of Rs459 billion. In times of tight fiscal constraints, there is not enough money for requisite gas infrastructure. However, the matter of collecting long pending GIDC amount is of utmost importance. But, in contrast to what happened in its earlier days of collection of this levy, the sum should not be thrown into the fiscal black hole;…

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