07262016Tue
Last update: Tue, 26 Jul 2016 03pm

Fuel and Energy: Pakistan

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National Electric Power Regulatory Authority (Nepra) is likely to approve a refund of Rs 2.35 per unit to consumers under a monthly fuel adjustment mechanism overcharged by the power Distribution Companies (Discos) in June 2016. The regulator has fixed July 28, 2016 for a public hearing on a tariff petition filed by the Central Power Purchasing Agency -Guaranteed (CPPA-G). The public hearing will be presided over by the Chairman or Vice Chairman of the Authority.
The country''s oil production in FY16 averaged on 87k barrels per day (bpd) compared to 95k bpd last year, said analysts at Topline Research in a report. On the contrary, total gas production stood flat on average 3,939mmcfd in FY16. Hence, cumulative hydrocarbon production in Pakistan remained flat at an average 789k BOED (barrels of oil equivalent per day).
Dismissing 30 identical petitions challenging vires of Section 3 (8) of the Sales Tax Act 1990 as incorporated by the Ordinance of 2014, the Supreme Court directed CNG station owners to approach the Federal Board of Revenue (FBR) for refund of input tax, if available to them. A three-member bench led by Justice Azmat Saeed Sheikh, comprising Justice Mushir Alam and Justice Dost Muhammad Khan had reserved the judgement on June 2, 2016 in response to CNG stations'''' appeals filed against Sindh High Court judgement of October 06, 2015 in the matter.
Federal government has changed the mode of privatisation of power Distribution Companies (Discos) and initiated the process through Initial Public Offerings (IPOs) by listing of shares of Faisalabad Electric Supply Company (Fesco) and Islamabad Electric Supply Company (Iesco) on the Pakistan Stock Exchange (PSE), said a senior government official.
Sindh Government has allocated 800 acres of land in Nooriabad district Jamshoro for setting up two windmill energy projects with objective to overcome the energy crisis and provide electricity to the people on cheap rates. The Commissioner Hyderabad Qazi Shahid Pervez informed this while presiding over a meeting with the officers of concerned departments here at his office on Friday.
Sui Northern Gas Pipelines Limited (SNGPL) signed a Memorandum of Understanding with University of Engineering & Technology (UET), Lahore for sponsorship of chair on gas engineering at Department of Chemical Engineering, UET. This is the third memorandum of understanding of its kind, signed by Managing Director SNGPL, Amjad Latif and Vice Chancellor, UET, Dr Fazal Ahmed Khalid at SNGPL Head Office.
Managing Director National Transmission and Despatch Company Limited (NTDC) Dr Fiaz Ahmad Chaudhry has directed NTDC engineers to complete the rehabilitation work of eight damaged towers of 500 kV Gakhar-Lahore transmission line within shortest possible time.