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Articles for tag: Aflatoon, bonded storage, energy policy, Fuel prices, imports, petroleum levy, satire, Transporters

Geo News

A Nation of Warehouses

Pakistan imports ninety per cent of its energy and produces 70,000 barrels a day against demand of half a million. This week it proposed becoming a place where other countries keep their oil. Aflatoon on the difference between a hub and a car park.

Negotiations with IPPs are fair and transparent, says Awais Leghari

ISLAMABAD: Federal Minister for Power Sardar Awais Leghari attended a detailed session with Power Sector International Development Partners on power sector reforms and their future direction. The development partners were led by World Bank Country Director Mr. Najy Benhassine, included representatives from the IMF, ADB, IFC, KFW, German Embassy, FCOD, UNDP, and AIIB. The federal Minister Awais Leghari briefed participants on the reforms implemented by the power division to improve efficiency and discipline. The minister highlighted efforts to make electricity prices more competitive and affordable, particularly for industries. He assured that all negotiations with Independent Power Producers (IPPs) are conducted

February 27, 2025

News Desk

Natural gas faces the competition from coal in Asia’s electricity industry

Listen to the article Gas producers, exporters and commercial companies are banking in Asia – the largest and fastest growing energy market in the world – to lead to increased gas demand in the coming decades. But while the total gas consumption in Asia will certainly extend to today’s levels, gas traders may need to mitigate their optimism in the light of increasing carbon capacity throughout the area. Asia’s largest economies have three times more carbon burning capacity under the construction of gas burning capacity, according to Global Energy Monitor (GEM) and are already based on carbon for about 45%

Federal Cabinet approves revised agreements with 14 IPPs

The Federal Cabinet has approved revised agreements with fourteen Independent Power Producers. The Cabinet, which met in Islamabad with Prime Minister Shehbaz Sharif in the chair, approved a proposal to reduce the profit and cost of these IPPs by 802 billion rupees A deduction of 35 billion rupees will be made from the additional profits of these IPPs over the past years. Under the revised agreements with IPPs, the government will benefit by 1.4 trillion rupees. Speaking on the occasion, the Prime Minister said the revised agreements with IPPs will not only save the national exchequer, and eliminate circular debt

Govt saved Rs 1.1 trillion through talks with IPPs: Awais Leghari

ISLAMABAD: Minister for Power Division Sardar Awais Ahmed Khan Leghari said that the government has saved Rs 1.1 trillion through negotiations with Independent Power Producers (IPPs). Addressing at the concluding ceremony of 4th International Hydropower Conference jointly organized by Energy Updates with collaboration of Private Power Infrastructure Board (PPIB), WAPDA and other stakeholders, the minister said that the government and IPPs mutually renewed the contracts in the interest of Pakistan. He said that people could not longer afford to pay the electricity bills and the government was going to revamp the entire power sector. “We are also restructuring National Transmission

December 25, 2024

News Desk

The cabinet proposes uniform gas prices

Listen to the article Islamabad: Cabinet members urged Prime Minister Shehbaz Sharif to introduce uniform gas prices in a bid to eliminate alleged favouritism, which benefited some manufacturers. Currently, different gas prices are charged by urea manufacturers. Some pay lower tariffs while some others are asked to pay higher prices. However, all manufacturers receive the same prices for supplying fertilizer to farmers, indicating that companies that pay lower gas tariffs make more profit. During a recent cabinet meeting, one member insisted that all fertilizer manufacturers should be supplied with gas at a single price and there should be no favouritism.

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