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El Punt Avui - Aniversaris - AMADEU FELIÇ ANIVERSARI FELIÇOS 90 ANYS AL COSTAT DE LA TONI FELICITATS

El Punt Avui - Aniversaris - AMADEU FELIÇ ANIVERSARI FELIÇOS 90 ANYS AL COSTAT DE LA TONI FELICITATS
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Growing circular debt a threat for economy as financial imbalance looming large

Daily Times Mian Anjum Nisar asks govt to resolve power sector circular debt issue without escalating electricity cost The Federation of Pakistan Chambers of Commerce and Industry’ s Businessmen Panel Chairman Mian Anjum Nisar has said that the growing circular debt in the power sector is a continued threat for the economy, as financial imbalance is looming large because of mismanagement, incompetence and lack of transparency have marred the power sector. Mian Anjum Nisar said that the power sector circular debt issue should be resolved holistically without escalating electricity cost, as its size has doubled during the last two years in spite of raising the power tariff multiple times in the past.

DOE endorses 9 more power projects to NGCP for impact study

DOE endorses 9 more power projects to NGCP for impact study on July 10, 2021 at 11:18 am Nine more power projects have been endorsed by the Department of Energy to the National Grid Corporation to undertake system impact study (SIS). The biggest project among the new additions is Solar Philippines’ Cabatang Tiaong Solar Power Project in Quezon with a capacity of 600 megawatts alternating current (MWac). The firm’s 120/150 megawatt-peak (MWp) solar power project in Concepcion, Tarlac was likewise cleared for SIS. Power generating companies have to secure clearance from the DOE for SIS before developing their respective projects. This will determine if the power to be generated by the project can be consumed by the country’s transmission system.

Circular debt grows by Rs498b in FY21

Circular debt grows by Rs498b in FY21 Govt plans to reduce debt by increasing power tariffs and addressing inefficiencies ISLAMABD: The government added Rs498 billion to the flow of circular debt in the last fiscal year due to less provision of subsidies against commitments and increased cost of inefficiencies, showed documents of the energy ministry. However, the government claimed adding a net Rs177 billion in the circular debt in fiscal year 2020-21 that ended on Wednesday on back of increase in electricity prices and reduction in the stock of the debt, according to a summary that the energy ministry submitted before the Cabinet Committee on Energy.

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