Category: Uncategorized

COP28: climate finance needs

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climate-change

COP28 climate talks have ended with so much discussion and debate and have some useful conclusions. But it all requires finance. Things do not work out by just words. I wish if the financial zeal to allocate and spend money had been as strong as the discussion has been. Unfortunately, this has not been the case. It is hoped that it will be there in future. We will take stock of the situation in the following. It would be useful here to first summarise the major conclusions and determinations of…

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RLNG price raised amid high system losses

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LNG-import

ISLAMABAD: With system losses touching a record 14.5 per cent, the Oil and Gas Regulatory Authority (Ogra) on Friday notified about 10pc increase in the sale price of Regasified Liquefied Natural Gas (RLNG) for two Sui gas companies – SSGCL and SNGPL — for the current month with effect from Dec 1 owing to higher international prices, particularly of two spot cargoes. The RLNG sale price for Karachi-based Sui Southern Gas Company Ltd has been jacked up at transmission stage by 10.1pc to $13.264 per mmBtu from $12.05 per unit…

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Discos seek Rs4.66/unit hike for November

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free-power

ISLAMABAD: Despite a record 83 per cent power generation from che­aper domestic fuels, the Central Pow­er Purchasing Agency (CPPA) on Tuesday sought a massive Rs4.66 per unit additional fuel cost adjustment (FCA) for ex-Wapda distribution com­panies (Discos) — almost 100pc higher than target — to generate ano­ther Rs34 billion in January 2024. This increase in FCA is on top of about 26pc increase in annual base tariff and another 18pc hike under the quarterly tariff adjustment currently in place. As a result, the consumers would be unable to contain their…

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Nepra seeks urgent fees, more penalties on consumers

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KE’S- 7-YEAR- INVESTMENT-ROADMAP

ISLAMABAD: The revised con­s­umer service manual unveiled by the power regulator Nepra introduces additional charges and stringent measures for electricity consumers, including a 14 per cent interest rate on bill instalments and an ‘urgent fee’ for priority connections. The proposed regulations — set to be discussed at a public hearing on Dec 19 before implementation — have been announced despite a surplus in capacity and declining consumption. The new consumer manual also seeks restrictions and penalties on multiple connections at one premises and higher penalties on detection bills that are…

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Getting NSC a must for transfer of KE shares

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k-electric

ISLAMABAD: The Ministry of Law and Justice has held that National Security Certificate (NSC) is obligatory for transfer of shares of K-Electric, which is not just a business entity but a strategic asset of the country and any alteration in its shareholding structure should be subject to a rigorous evaluation process. Ministry of Law and Justice has given its clear observations on letters written by the Ministry of Privatisation titled “first meeting of Ministerial Committee on K-Electric issues”. In its letter, Law Ministry referred to Ministry of Privatisation’s (Privatisation Division)…

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