Two new Independent Power Producers (IPPs) with a net capacity of 390MW have been added to the national grid in the last 30 days. IPPs include gas-based 176MW Fauji Dharki Power Project,…
The government on Monday received notices by four Independent Power Producers (IPPs) giving it 35 days to settle their outstanding dues of Rs 16.2 billion or they would consider invoking the sovereign…
The Independent Power Producers (IPPs) and fertiliser companies have agreed on a gas swap arrangement to overcome gas shortage, which has nearly jeopardised their functionality, and have decided to abolish subsidy on…
ISLAMABAD – Payables of the Pakistan Electric Power Company (PEPCO) to Independent Power Producers (IPPs) and generation companies (GENCOs) have crossed Rs 288 billion. Inexplicably, 63 percent of the dues or Rs 182 billion are payable only to the IPPs.
A statement, issued by Independent Power Producer Advisory Council (IPPAC) on Friday, said that non payments to IPPs had reduced generation and, thereby, triggered power crisis. They stressed that the government should disburse
KARACHI – After a broad improvement in the first half of FY11 (July to December 2010), Pakistan’s ratio power tariff relative to generation costs has weakened considerably. While higher fuel oil prices and increasing reliance on oil based power generation in the face of a national gas supply shortage, it is estimated that the power cost for state owned WAPDA is presently 31 percent higher than retail tariff in comparison to 15 to16 percent in 1HFY11.
Calculations suggest that
ISLAMABAD – Gas supply to fertilisers and Independent Power Producers (IPPs) will resume shortly.
Secretary Petroleum and Natural Resources Imtiaz Kazi said that the country was facing a daily gas shortfall of 900 million mmcfd against a total production of 4.20 billion mmcfd. He said that security problems were a hindrance to get 40 million mmcfd of gas production from reservoirs in Khyber Pakhtunkhwa and Balochistan.
He added, as per contract dated 1983, that gas to the