The special permission to import high sulphur furnace oil (HSFO) - two cargoes of 70,000 tonnes each - has been granted after almost two years since local refineries have not been able to fulfill the demand due to shutdowns and other unusual circumstances faced by the oil sector amid the Covid-19 pandemic.
On Saturday, KE also released a statement blaming the intermittent power outages being experienced in
'
The CCoE discussed HSFO demand for power plants in the country, especially in the KE system. The committee was informed that the summer demand of HSFO by the KE ranged between 2,500 and 3,500 tonnes.
While the current demand of furnace oil by the KE was around 2,800 tonnes, PSO was supplying only 2,000 tonnes due to shortage of product in the country.
Besides, PSO had curtailed the sale to some captive power plants that were supplying electricity to KE. As a result, there were fears of serious power shortfall in
The CCoE meeting, chaired by Minister for Planning, Development and Special Initiatives
There is a ban on import of furnace oil in the country as local refineries had surplus production capacity, but at the same time due to limited electricity consumption in winter months the refineries face a serious issue in offloading their excess furnace oil production.
The meeting was also briefed on the current situation of 1,124 MW Kohala and 700 MW Azad Pattan Hydropower projects as well as signing of project agreement under the Policy for Power Generation Projects 2002 and the China-Pakistan Economic Corridor framework.
The committee approved the proposals submitted by the
A note has been attached with the approval by the committee that the
The CCoE also discussed the proposals of Petroleum Division regarding sustainable supply chain of LPG in the country. It constituted a committee under Deputy Chairman Planning Commission
The meeting was attended by Advisor to Prime Minister on Finance and Revenue Dr
© Pakistan Press International, source