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Articles for tag: aligning, captive plants, CPP, energy invoices, February, Gas, Government, IMF, invoices, Proposal, RLNG values, suggests

January 24, 2025

News Desk

IMF suggests aligning CPP invoices from February

Listen to the article Islamabad: The International Monetary Fund (IMF) has proposed the alignment of gas invoices for committed power plants (CPP) with redeveloped liquefied natural gas (RLNG) values, with effect from February 1 of this year. Earlier, the government agreed with the IMF that the supply of natural gas to CPP would be interrupted. The agreement came in the context of supplies from public gas utilities in ineffective gas power stations. These factories did not receive natural gas at discounted prices, but they had been provided electricity from the national network at cheaper prices. In the past, the Court

April 8, 2024

News Desk

Government to bring CPP gas tariff at par with RLNG price from July 1

A part of a captive power plant in Pakistan. — Reuters/File Government officials are seeking time from the IMF until December 2024. The IMF claims that this project should be completed by June 2024. The government does not want to increase tariffs for domestic consumers. ISLAMABAD: The International Monetary Fund (IMF) has asked the government to increase the gas tariff for captive power plants (CPP) at par with the price of Regasified Liquefied Natural Gas (RLNG) from July 1, 2024-25. “The government has no option but to increase the gas price for captive power plants to the same level as

November 24, 2023

News Desk

Financial malpractice claims in the fertilizer sector, CPP

Islamabad: Government officials blame fertilizer manufacturers, arguing they profit at the expense of farmers while enjoying the benefits of cheaper gas. A recent meeting of the Economic Coordination Committee (ECC) highlighted a difference in the intended purpose of providing natural gas to the fertilizer sector at subsidized rates. While the aim was to provide affordable fertilizer to farmers, the expected flow reduction effect has not materialized and market prices of fertilizers continue to rise. EKK members stressed the urgent revision of natural gas prices for the fertilizer sector, stressing the need for more equitable distribution of benefits to farmers. In

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