ECC permits Rs50 billion loan for decreasing circular debt
ECC agreed to approve a levy of a debt imposition surcharge on power consumers amounting in the range between Rs1.15 to Rs1.75 per unit to recover the cost of loans procured parked in PHPL
Government considering new framework for bilateral trading of electricity
CTBCM envisages enabling an environment to draw investments based on credit cover given by market participants and with no government need of giving sovereign guarantees.
TAPI gas transportation, transit fee agreements to be signed in 2018-19
Through the TAPI gas pipeline, funded by Asian Development Bank (ADB), Pakistan and India would be provided 1.325 bcfd gas each and Afghanistan would get 0.5 bcfd gas.
Oil prices edge lower, OPEC may ease supply curbs
OPEC may decide to raise oil output as soon as June due to worries over Iranian and Venezuelan supply
NTDC to engage consultant for undertaking technical study
The technical study would evaluate and recommend how to properly protect the system and avoid tripping like the one last week which caused power supply disruption in the northern region of the country
NTDC can’t challenge international arbitration ruling in local courts
In September last year, London Court of Arbitration’s (LCA) fined Pakistan Rs11 billion partial penalty in a case brought forward by eleven IPPs
PLTC imposes $20 mn penalty on PGPC over delays in completion of LNG terminal
ISLAMABAD: Pakistan LNG Terminal Company (PLTC) has imposed another penalty worth $20 million on Pakistan Gas Port Consortium (PGPC) due to the...
Govt releases Rs150 bn to IPPs without pre-audit checks
ISLAMABAD:Â Sources close to the Power division have revealed that the Ministry of Power has released around Rs150 billion to Independent Power Producers...
Construction of small dams imperative, awareness of water conservation necessary: FPCCI
ISLAMABAD: FPCCI Chairman Coordination Malik Sohail on Sunday said conflicts over the construction of large dams has wasted a lot of national...
Gas consumption witnesses 20pc increase in 8 months
ISLAMABAD: The consumption of natural and liquefied petroleum gas has witnessed around 20 per cent increase during eight months of the current...
Incumbent regime allegedly all out to ensure sale of K-Electric
The incumbent government is allegedly all out to ensure the sale of Abraaj Group’s shares in K-Electric to Shanghai Electric Power.
LCCI for advanced power transmission, distribution system
The LCCI President Malik Tahir Javaid said that country has witnessed some massive power shutdowns that have plunged the country into darkness.
In the middle of power crisis, federal secretary power goes on leave
At least four issues stood out in the tug of war – a dispute over the bidding of Jamshoro power plant, termination of advanced metering, K-Electric and a series of site-specific LNG-based power projects in Punjab on a government-to-government basis with Qatar
Neelum-Jhelum Unit 4 hits snags days after passing trial runs
The NJHP’s unit-4 had started trial generation last month and it continues to pass through various tests required for commercial operation. The unit has injected more than 1.3 million units of electricity during the test run
Govt refuses to intervene in revoking PSO-PNSC oil supply deal
It was also highlighted in the ECC meeting that a major reason for acute petrol shortages in January 2015 was late arrival of two PNSC vessels despite timely opening of letters of credit by PSO