Header Ads

The US Electricity Authority on Tuesday

On Tuesday, the US Electricity Authority (Nepra) estimated that a public sector power generation company (Gencos) caused more than 64 billion rupees to consumers due to power outages. In the latest PER (Performance Evaluation Report), the regulator also found that most of the country's transformers were overloaded, causing stability problems in the power network.

Performance Evaluation Report

PER is based on quarterly data provided by the company itself. Regulators at PER 2017-18 said, “These devices could not provide higher outage times and a huge amount of energy of about 9373.003 million kWh could have contributed to the national grid. The regulatory agency has shown that data submitted by Gencos to 2016-17 and 2017-18 has failed to guarantee approved net capacity standards, where multiple devices or machines from different power plants receive capacity payments.

This resulted in a cumulative energy loss of about 479.573 m, which translates into a financial impact of 425 billion rupees. In addition, the plant availability factor was reduced due to longer downtimes than the allowable limit of each power purchase agreement in several power plants at different power plants in Genco-I, II and III.

This resulted in 9.4 billion energy losses. This loss is 480 billion rupees by Guddu, Kotri and Jamshoro power generation plants, 2 billion rupees on Faisalabad station, USD 6 billion rupees on Muzaffargardh station, Nandipur Rs.

According to data submitted by Genco to FY17 and FY18, several devices / machines of different power plants in Genco-I, II and III remain in standby mode for longer periods of time, resulting in auxiliary power consumption and subsequent financial losses of about 1,031 billion rupees.

As a result of the survey, Gencos said

The lack of demand and fuel constraints has led the System Operator (NPCC) to be a major driver of longer standby modes.

Leviathan group

The opposition party's Leviathan group held roadblocks and anti-government protests in various locations Tuesday to avoid public discomfort. Akram Khan Durrani, head of JUI-F, held a press conference after an hour of committee meeting, instructing workers to open all blocked roads from tonight.

Instead, the opposition party said it would work at the global level as part of an anti-government movement. He said the Rehbar committee's decision was "final word" and was being passed on to workers to end the road blockade.

As part of the JUI-F-led Azadi March Plan-B for the government, party workers have been blocking the main highways and roads since last week by preparing to sit in the country. On Wednesday 13th Wednesday, opposition captain Maulana Fazlur Rehman sat in the seat of JUI-F at Islamabad, the first leg of the protest movement.


Both PPP and PML-N were far from JUI-F sit-in and far from the party's movement to block the party's main roads and highways. Durani said today that the Leviathan committee reviewed the political situation and expressed satisfaction in the process of "increasing pressure on the government. The opposition is unified," he said. He said the government was in "panic" after Azad March and former Prime Minister Naz Sharif of the Lahore High Court decided to travel abroad.

He said in a speech on Monday that Mr. Khan and Naz allowed humanitarian positions to go abroad. "Iran was now asked to show mercy to the country and go home. Citing the committee's recommendations, Durrani asked Fazlur Rehman to call the opposition "all party meeting" to determine the date of the opposition.

The committee decided that the opposition party would jointly propose nominations for the appointment of the Supreme Election Commissioner and other Pakistani Election Commissions (ECPs). Durrani said that Rehbar committee members would demand that a foreign funding case against the ruling PTI outside the ECP on Wednesday (tomorrow) be decided promptly by a daily hearing.

According to JUI-F leaders, the Commission declared that in order to save the nation's sinking economy, the current government should be abolished and a new election be held "with military intervention.

Prime Minister Nadeem Babar said

On Tuesday, Nadeem Babar said Shale gas exploration will begin next month after the country's existing petroleum refinery was scrapped and ruined. Babar addressed at the first session of the annual technology symposium and exhibition of oil and gas companies, saying, “The existing technology used in the country's refineries is no longer used, and these refineries must be completely abolished or phased out. It's outdated.

He said the government is working to set up two new refineries with the support of international investors in the Middle East and China and upgrade the Pakistan refinery in Karachi. He said the country's oil import legislation has reached about $ 16 billion, which is unsustainable, so it is important for both the private sector and government to take action to address the challenge.

Offer upgrade or phase out at refinery using deprecated technology. He said the private sector should take advantage of the government's renewable energy policy to improve refining technology and reduce its dependence on expensive imported fuels.

The two-day session is hosted by the Society of Petroleum Engineers, and more than 30 oil and gas companies participated in the exhibition to showcase their activities. Baba said a state-owned oil and gas developer will begin shale gas exploration by next month.

A few years ago

The U.S. Energy Information Agency (EIA) identified reserves capable of recovering about 200 trillion cubic feet of natural gas and about 58 billion barrels of oil in Pakistan's shale structure (about 20 times more than existing existing gas reserves). ). TCF and 385 million barrels of oil.

However, the cost of production for state-owned exploration companies is estimated to be economically impossible due to the low world oil prices at the time, and is estimated to be over $ 10 million per UK calorie unit.

He said the separation of the distribution and transmission business of the national gas utilities of Sui Northern Gas Pipeline Ltd and Sui Southern Gas Company will be completed in two years. The quarter is part of the International Monetary Fund's ongoing economic bailout program.

Baba says Pakistan is taking substantial steps to implement major infrastructure reforms in the oil and gas sector. He said about the adverse energy mix, the government is aiming to add about 8000 MW of cheaper and cleaner energy over the next 5-7 years.

For some positive trends

He said that sooner or later the country's energy market will witness major changes as the government grants about 35-40 oil exploration and production blocks to improve domestic production. He said natural gas production is decreasing by 5-7pc annually, so the government will continue to import liquefied natural gas to meet local demand.

Agricultural sector

After achieving Rs1 trillion in record-breaking Rs1 trillion in the agricultural sector last fiscal year, the State Bank of Pakistan has set its next fiscal year target to 1.3 trillion rupees. SBP Governor Reza Baqir, chairman of the annual meeting of the Agricultural Credit Advisory Board of Peshawar, thanked him for his efforts to increase the agricultural sector's credit in the fiscal year 19.

For the first time in Pakistan's history, the agricultural sector has surpassed one trillion rupees," he said in a keynote speech. Baqir, however, urged banks to step up efforts to achieve qualitative aspects of their targets in line with strategic changes and key policy measures taken by the SBP in relation to agricultural financing.

He stressed that most banks met their stated goals, with the exception of some banks, including Zarai Taraqiati Bank Ltd, Punjab Provincial Cooperative Bank Ltd, some private banks and Islamic banks. Local agricultural credit spending witnessed double-digit growth. But banks struggled to meet their allotted goals in underprivileged areas.

The Governor informed the Commission that the SBP is considering three policy measures to further promote the financial inclusion of the agricultural sector. Initially, transparency is enhanced through monthly bank-specific performance statistics that include agricultural credit spending, geographic distribution, outstanding balances, borrowers and agricultural credit infrastructure.

Second, SBP will introduce a comprehensive scoring model that ranks banks against key agricultural credit indicators and targets. Third, we introduce incentives and penalties based on the bank's performance score. The keynote led to a presentation in which the bank's performance on agricultural finance was reviewed in relation to its goals during the FY19 period.

While allocating the FY20's agricultural credit target, it was shared that the total payment target of Rs1.350tr was allocated to the bank, which is 89% of the total agricultural credit requirement of Rs1.518tr.

No comments

Powered by Blogger.