Category: Shortcode

Liberalisation of the power market and indigenisation of energy mix should be the way forward for Pakistan to get rid of International Monetary Fund (IMF) borrowings, and eradicate poverty from the country. Chief Executive Officer of Engro Powergen Qadirpur Limited Shahab Qader told Business Recorder that the country should explore Thar coal, low BTU gas fields, and renewable energy sources and all these are local resources. “These resources don’t have alternative uses. We can produce only power from these resources so there will be no change in the cost and…

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The ongoing loadshedding will continue to haunt the masses for the next 2-3 months till the fiscal constraints of the government are done away with, Federal Minister for Power Division Khurram Dastgir Khan says this while talking to The News. “We have made all the power plants operational, which were non-functional for lack of maintenance and fuel in the wake of no decision making and bad governance by the ex-PTI government.” However, the minister disclosed that the incumbent government is now facing fiscal constraints that have virtually forced the Power…

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In a bid to restore the $6 billion IMF programme, this time the government is left with no option but to increase the system gas tariff by around 40-50 percent as it is expecting the revenue requirement determination for financial year 2022-23 by OGRA in mid-June, a senior official at the Energy Ministry told The News. “The increase in gas tariff will be enforced from July 1, 2022. “So far both the Sui gas companies, Sui Southern and Sui Northern are faced with mammoth losses of Rs550 billion accumulated in…

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Over the decades, the rising demand of natural gas rapidly depleted its reserves and the country is now facing serious challenge of meeting gas and electricity demand of consumers. Rising population, improper usage of gas and electricity resource and injudicious subsidies equally benefiting both the poor and the rich, had been exerting extra burden on our resource as well as national kitty. By the time, the country’s domestic gas extraction varies around 3.5-7 Billion Cubic Feet per Day (BCFD) against the demand of 8 BCFD and it is difficult for…

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The electricity crisis in the country has worsened as the power shortfall reached 6,500 megawatts (MW), ARY News reported on Saturday. According to sources, the power supply in the country remained at 19,500 MW against a demand of 26,000 MW. The duration of loadshedding has also increased across the country. The duration of loadshedding has reached up to 12 hours in the rural areas of the country. Similary the shortfall of LESCO has reached 8,00 MW. The supply is 4,000 MW against the demand of 4,800 MW due to hot…

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