Last update: Mon, 26 Sep 2016 08pm

Fuel and Energy: Pakistan


National Electric Power Regulatory Authority (Nepra) has reportedly challenged Prime Minister''s directives on induction of security costs for the CPEC projects in power tariff, saying that allowing additional security cost to the CPEC project will create legal complexities and discrimination among other power projects, sources close to Finance Minister told Business Recorder.
World Wildlife Fund Pakistan (WWF) in collaboration with Sui Southern Gas Company (SSGC) has set up 10 biogas plants at localities near Keenjhar Lake in District Thatta. The project is aimed at providing alternate energy to local communities who lacked basic facilities for cooking. The biogas supply will help reduce pressure on the forest.
Federal government has provided multiform support including financial support amounting to Rs 72.232 billion to K-Electric (Karachi Electric Supply Company Ltd) since 2005.
Third SAARC Energy Regulators Meeting concluded in the federal capital with an agreement on Plan of Action on Energy Regulation. The member states agreed to: Harmonisation of Regulations, Codes and Standards for electricity Grids are of vital importance for cross-border electricity trade in the region. The National Regulatory Authorities may provide suggestions and proposals for possible harmonisation of Regulations, Codes and Standards through SAARC Secretariat and discuss the suggestions/ proposals in subsequent meetings.
Pakistan Petroleum Limited (PPL) has discovered gas reserves at exploratory well Bashar X-1 ST located in District Matiari, Sindh. PPL has working interest of 65 percent. During testing, gas flowed at a rate of 8.7mmcfd. "We estimate this discovery is likely to have an annual earning impact of Rs 0.15 per share," Khurram Shehzad, a senior analyst said.
The Senate Special Committee to monitor the implementation of the Gas Infrastructure Development Cess (GIDC) Bill-2015 Friday directed all the stakeholders to come with a viable plan so that the matter can be settled as early as possible. The committee meeting, chaired by Ilyas Ahmed Bilour, while expressing disappointment over absence of Petroleum Minister and Secretary Petroleum said that neither the Ministry of Finance considered recommendations made by the committee nor Petroleum Ministry came out with a viable solution to the matter.
Senate Standing Committee on Rules of Procedure and Privileges has expressed serious concern over a loss of Rs 110 billion to national exchequer by giving benefits to K-Electric by supplying 650 MW from national grid at Discos'' rate. The committee met with Senator Dr Jehanzeb Jamaldini in the chair at the Parliament Lodges on Friday. Senators Shahi Syed, Sardar Muhammad Yaqoob Shah, Osman Saifullah Khan, Zahida Khan and officials of Ministry of Water and Power and K-Electric participated in the meeting.