Ministry of Energy Shares Spot LNG Price Forecasts with Utilities Amid Concerns Over Outstanding Dues

LNG-1

The Ministry of Energy (Petroleum Division) has disseminated spot LNG price projections to Sui gas companies, the National Transmission and Despatch Company (NTDC), and the Central Power Purchasing Agency-Guaranteed (CPPA-G) until September 2024. As per projections by M/s Pakistan LNG Limited (PLL), the anticipated spot LNG prices from March to September 2024 are: March-April: $9.43/MMBTU, May: $8.81/MMBTU, June: $8.39/MMBTU, July:…

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Power firms’ performance below par despite high tariffs: Nepra

power-subsidy

ISLAMABAD: True to general perception, the country’s power generation plants and transmission systems in the public and private sectors are below par in terms of their respective performance standards affecting the quality of service despite higher consumer tariffs, according to National Electric Power Regulatory Authority (Nepra). According to the regulator’s Performance Evaluation Reports (PERs) of power plants for 2022-23, the…

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Caretaker govt bans power sector union activities

power-sector

ISLAMABAD: Ahead of the proposed induction of the private sector for divestment and management contracts, the caretaker government has prohibited all forms of union activities in the power sector. This decision encompasses all public sector power companies, including those in the business of generation, transmission, distribution and sale of electricity, bringing them under the scope of the “Pakistan Essential Service…

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Body formed to probe power breakdowns

power-breakdowns

ISLAMABAD: The Power Division has constituted a two-member committee to probe reasons for recent power breakdowns across the country including explosion at Guddu 500 kV switchyard, well-informed sources told Business Recorder. On January 1, 2024, the Power Division, in an official statement said due to dense fog, the NTDC faced tripping of 500 kV and 220 kV Transmission Lines in the…

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January 2023 power breakdown: Probe finds country’s power transmission system running without SOPs

Power-generation

ISLAMABAD: The electric power transmission system that transmits electricity of Rs3,000 billion a year is found ‘highly vulnerable’ as it is run without the standard operating procedures (SOPs), reveals the investigation just completed into the worst-ever 20 hours power breakdown that struck the country a year before on January 23, 2023. The probe into the causes of the unprecedented power…

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NTDC Successfully Replaces Circuit Breaker at Guddu Switchyard

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The technical teams at National Transmission and Despatch Company Limited (NTDC) have accomplished the replacement of a damaged circuit breaker at the 500 kV Guddu Switchyard. On the direction of NTDC management, additional staff was deployed to ensure the swift completion of replacement works. Moreover, NTDC has also successfully energized the 500kV Guddu-Muzaffargarh transmission line. The NTDC spokesman said that…

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Solar IPPs: Hike in benchmark competitive tariff proposed

solar-panel

ISLAMABAD: Ministry of Planning, Development and Special Initiatives (M/o PD&SI) has proposed increase in benchmark competitive tariff of solar IPPs to Cents 5/kWh from Cents 3.4108/kWh determined by Nepra to replace costlier thermal power through large scale solar IPPs, well informed sources told Business Recorder. According to M/o PD&SI, power generation capacity of Pakistan has significantly increased in the last…

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NTDC supports conversion of Lalpir, Pakgen to Thar coal

Power-generation

ISLAMABAD: National Transmission and Despatch Company (NTDC) has supported conversion of M/s Lalpir (LP) and Pakgen (PG) into Thar coal, saying that operating LP and PG would certainly improve voltage stability and increase short-circuit power in the Mepco region. In a letter to Managing Director, PPIB, Deputy Managing Director- System Operator (SO), Ali Zain Banatwala stated that the technical and…

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Govt freezes monetised cost of free units of electricity

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ISLAMABAD: The power division has notified a freeze on monetised cost of free electricity units to all the senior employees of power companies and the Water and Po­­w­er Development Authority (Wapda) at the existing level for future. In a notification issued here on Tuesday, the power division said the federal cabinet had approved monetisation of free electricity units admissible to…

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