Cabinet committee for OGRA to handle pricing of coal | Estate 4U

Cabinet committee for OGRA to handle pricing of coal

Islamabad: The federal government is looking to expand the scope of Oil and Regulatory Authority (OGRA) to allow to set the price for coal in the country, a news source reported.

The government also plans to revisit the imported coal supply agreement in an effort to lower the prices. Currently, OGRA only prices petroleum products, liquefied petroleum gas (LPG) and liquefied natural gas (LNG).

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Presently, coal-related agreements and pricing are handled by the National Electric Power Regulatory Authority (NEPRA). Reportedly, it had also been proposed in a recent meeting of the Cabinet Committee on Energy (CCoE) that the government should revisit coal supply agreements to lower the costs.

Currently, all coal-fired projects are under the China-Pakistan Economic Corridor (CPEC) framework and considering the delicate nature of the government-to-government arrangements, it was decided that the matter will be handled after following proper procedures.

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The three companies running coal-based power plants include Huaneng Shandong Ruyi Pakistan Energy, Qasim Electric Power Company and China Power Hub Generation Company.

The CCoE issued instructions that OGRA should handle the price of imported coal, at least.

Cabinet committee for OGRA to handle pricing of coal

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