Two percent rise in power tariff from today
Making harder for the people to make both ends meet, the government may increase electricity tariff by two percent across the board from November 1, in accordance with the conditionalities imposed by international financial institutions, it is learnt. According to sources, the amount on account of tariff differential during last three months, from July to September 2010, has reached Rs 57 billion, against Rs 30 billion, allocated in the budget for the current fiscal year. more... (BR)
Textile and Petroleum ministries call gas subsidies as 'poison'
The Ministries of Petroleum and Textile Industry have termed the gas cross subsidy as 'poison', resulting in all consumers (power, industrial, compressed natural gas (CNG) and commercial sectors) being over burdened, sources in the Ministry of Industries and Production (MoI&P). Both Ministries took this position at a time when MoI&P, which was directed by the federal Cabinet to prepare a new fertiliser policy, proposed that after 2015 the policy for new investors should be reviewed to taper off feed gas subsidy, if deemed appropriate at that point in time. more... (BR)
KAPCO turbine closure leads to 1,250MW shortfall in power
The closure of 11 turbines of the Kot Addu power plant has led to a shortfall of 1,250 megawatts in Punjab. According to Kot Addu Power Company (Kapco), the turbines were closed because of the suspension of furnace oil. Kapco claimed that oil tanker owners were supplying furnace oil with impurities. more... (ET)