Tag: CCP

Govt Eyes Rs55bn Windfall from Gas Tariff Hike for CPPs

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OGRA-GAS

ISLAMABAD: The government is set to collect over Rs55 billion in prior year adjustments (PYA) during FY25, following a Rs500/MMBtu increase in gas tariffs for captive power plants (CPPs), aligning with IMF-mandated reforms. The tariff hike from Rs3,000/MMBtu to Rs3,500/MMBtu has pushed the weighted average gas tariff to Rs1,722/MMBtu, with an expected annual average of Rs1,689/MMBtu, according to Hamdan Ahmed, an analyst at Optimus Capital Management. The Oil and Gas Regulatory Authority (OGRA) has also based its revenue estimates on an assumed oil price of $81.8/bbl, higher than the FYTD25…

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CCP Calls for DISCO Privatization or PPPs Amid Financial, Operational Woes

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power-subsidy

ISLAMABAD: The Competition Commission of Pakistan (CCP) has recommended that Pakistan’s power distribution companies (DISCOs) be privatized or transitioned to public-private partnerships (PPPs) to address critical inefficiencies. In its latest report, “State of Competition in the Key Markets in Pakistan: Power Sector,” the CCP highlights significant challenges facing DISCOs, including high distribution losses, revenue leakages, low bill recovery, electricity theft, and supply constraints. The report suggests that privatization or PPPs could mitigate these issues, as the amended NEPRA Act now removes the exclusivity clause, opening the regulatory framework for competitive…

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Competition Commission of Pakistan Approves Merger of Korean Firm with Mira Power Limited

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Mira-Power

The Competition Commission of Pakistan (CCP) has granted approval for the merger of a Korean firm with Mira Power Limited (MPL), as reported by Business Recorder on Monday. The merger involves Korea-based DL E&C Co. Ltd acquiring shares in MPL, the operator of the 102 MW Gulpur hydropower plant, from DL Holdings Co. Ltd. CCP conducted a competition assessment and determined that MPL’s market share is less than 1%, and the change in ownership will not significantly alter MPL’s position in the market. A spokesperson for CCP stated, “The proposed…

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CCP Actively Investigating Key Sectors: MoF Advertises 4 Vacant Positions of Members

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ccp-actively

The Service of Money has promoted four empty places of individuals from the Opposition Commission of Pakistan (CCP), yet the commission is effectively chasing after examinations in different key areas including telecom, substance, concrete, wheat, banking, and poultry. Sources told Business Recorder here on Friday that the ventures and areas have committed infringement of segments 3, 4, and 10 of the Opposition Act, 2010. As per the law, the Commission is ordered to contain 5-7 individuals, yet by and by, five individuals are regularly selected. As of now, the Commission…

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