The power planners are now doing such load shedding for more than four years, says an official. Dawn/File
LAHORE: With the monsoon getting delayed, the country continues to sizzle under the scorching sun and suffer agonising loadshedding after a hiatus of a few years, as power shortfall stubbornly persists at over 8,000 megawatts generation of 19,000MW against the peak demand of 27,000MW, claims a Pakistan Electric Power Company (Pepco) official.
According to the power planners, re-gasified liquefied natural gas plants of over 3,600MW were producing less than half of the total generation because of reduced gas supplies, and the hydel contribution fluctuated between (average) 4,600MW and 5,200MW (peak hours when Ghazi Barotha Hydropower Project starts generation) because of water shortage and low dam levels.
Officials to get NAB’s nod to clear 40pc dues of 12 IPPs
National
May 20, 2021
ISLAMABAD: After the federal cabinet here on Tuesday accorded approval to the amount of Rs89.86 billion to be doled out to 35 IPPs out of 47 as the first installment, the top officials of the government have started working to offload 40 percent dues of the leftover 12 IPPs set up under the 2002 power policy which are facing NAB investigation for making alleged excess profits. Once it is done, it will make the revised contracts a success story.
To this effect, the top man of the PTI government would play a role to get a nod from the NAB in proper language acceptable to the top bureaucracy in both the Power and Finance Divisions for releasing the 40 percent dues to the remaining 12 IPPs.
Officials to get NAB’s nod to clear 40pc dues of 12 IPPs
National
May 19, 2021
ISLAMABAD: After the federal cabinet here on Tuesday accorded approval to the amount of Rs89.86 billion to be doled out to 35 IPPs out of 47 as the first installment, the top officials of the government have started working to offload 40 percent dues of the leftover 12 IPPs set up under the 2002 power policy which are facing NAB investigation for making alleged excess profits. Once it is done, it will make the revised contracts a success story.
To this effect, the top man of the PTI government would play a role to get a nod from the NAB in proper language acceptable to the top bureaucracy in both the Power and Finance Divisions for releasing the 40 percent dues to the remaining 12 IPPs.
KSE-100: Covid fears weigh down index by 93 points
April 22, 2021
Investors treaded cautiously at Pakistan Stock Exchange (PSX) on Wednesday, as overall lack of positive triggers, and rising Covid fears restrained the index and resulted in range-bound trading.
On Wednesday, the benchmark KSE-100 opened on a bullish note and touched intra-day high at 45,626.88 level after gaining 227.1 points. However, paring early gains the index reversed its trajectory and clocked at 45,306.54 level by the closing bell after posting a 93 points loss.
During the session the market was gripped with fears of rising Covid cases, after the Federal Minister for Planning and Development and the Chief of the National Command and Operation Centre (NCOC) Asad Umar on Wednesday issued a warning and said that if the coronavirus situation continues to worsen in the country, the government will be compelled to impose more restrictions, which dampened investors’ confidence.