02072016Sun
Last update: Sun, 07 Feb 2016 01am

Fuel and Energy: Pakistan

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The gas shortage continued to hit the population of the Punjab province this winter like past and people living in Lahore, Multan, Faisalabad, Rawalpindi and Islamabad faced numerous problems because of low pressure or interrupted gas supplies particularly during December and January.
The Ministry of Water and Power has appointed Shahid Zulfiqar Khan as Chief Executive Officer (CEO) Nandipur Power Plant after seeking approval from Prime Minister Nawaz Sharif and adopting due process provided under the Public Sector Companies (Corporate Governance) Rules, 2013. Khan, a Cost and Management Account and Certified Corporate Secretary, is an eminent professional who has more than 30 years experience in power sector in Middle East, Sri Lanka and Pakistan.
Punjab Chief Minister Muhammad Shahbaz Sharif presided over a high level meeting here on Sunday which was also attended by Federal Minister for Water &Power Kh. Muhammad Asif. The meeting reviewed the pace of progress on energy projects in the province. Speaking on the occasion, the CM said that government was paying attention to the projects of generation of low cost energy; work on gas-based power plants of 3600 megawatts electricity was continuing speedily in Punjab and steps were being taken in the right direction to overcome energy shortage.
K-Electric's team under accelerated Operation Burq has been conducting effective raids 24/7 in different parts of the city to curb the menace of power theft. As per details, K-E team conducted 75 raids and confiscated 3,200 illegal connections weighing more than 2,000kg.
Pakistan has shelved plans to privatise its power supply companies and will miss deadlines to sell other loss-making state firms, reneging on promises it made to the IMF in return for a $6.7 billion bailout three years ago. Two government officials with direct knowledge of the situation said International Monetary Fund (IMF) officials who met Pakistani officials in Dubai this week to review progress on reforms were angered by the backtracking. But the IMF still agreed on Thursday to release the next $497 million tranche of that loan, leaving a further $1.1 billion left to be released.
Public Accounts Committee (PAC) has termed the payment of Rs 480 billion circular debt to Independent Power Producers (IPPs) dubious and directed for a re-audit of these payments. The committee chaired by Syed Khurshid Ahmed Shah examined the special audit report on clearance of circular debt of power sector (Rs 480 billion). In his ruling, Chairman Committee said that circular debt was retired in emergency without proper examinsation of the claims of IPPs.
The country is facing a shortage of High-Octane Blending Component (HOBC) because of what market players said falling retail price for the "rich man's fuel". HOBC or Alkylate is a high-octane blended fuel which is used in Pakistan mostly by the affluent owners of luxurious gasoline motor vehicles such as Mercedes, Land Rover, Land Cruiser and Suzuki Swift.