LNG plants to be free of merit order tribune.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.com.pk Daily Mail and Mail on Sunday newspapers.
The national power regulator has swung into action after tempers began to fray nationwide over prolonged power outages, despite govt claims of surplus electricity.
LNG consumers pay extra $99m
Monopoly of state-run firms, no utilisation of idle terminal capacity put additional burden
According to officials, Pakistan can save and earn around Rs78 billion a year if the government allocated 200 mmcfd of terminal and pipeline capacity to private sector companies. PHOTO: AFP
ISLAMABAD:
The efforts made by state-run gas companies to maintain their monopoly over the liquefied natural gas (LNG) market have put an additional burden of $99 million on gas consumers for the idle terminal capacity.
The issue seems to be more serious compared to the capacity payments made to independent power producers (IPPs).
Though the private sector has been ready to utilise the idle terminal capacity for the past five years, the state-owned gas companies want to keep control of the LNG market.
Asad Umar says hard work, analytical data-based decision-making helped reduce debt
Pakistan’s outstanding local debt surged slightly over 4% (or Rs1.43 trillion) to Rs36.54 trillion in the first seven months (Jul-Jan) of the current fiscal year. PHOTO: FILE
ISLAMABAD:
The circular debt has recorded a major drop of Rs189 billion during the first 10 months of ongoing financial year 2020-21 compared to the same period of previous year. The total circular debt stood at Rs2.41 trillion till April this year.
The major portion of circular debt build-up amounting to over Rs100 billion was on account of unpaid and unbudgeted subsidies. Losses and inefficiencies of power distribution companies stand at Rs21 billion.
ECC may okay SSGC, K-Electric deal
Arbitration agreement will pave way for issuing NSC for sale of K-Electric shares
ISLAMABAD:
The Economic Coordination Committee (ECC) is likely to approve the signing of an arbitration agreement between Sui Southern Gas Company (SSGC) and K-Electric as well as some other entities like NTDC, a move that will pave the way for the issuance of a national security certificate (NSC) for acquisition of the power utility by a Chinese firm.
In 2016, KES Power (Pvt) Limited submitted an application for NSC to the Privatisation Commission for the transfer of 66.4% shares in K-Electric to Shanghai Electric Power (SEP).