AIRLINK 178.55 Decreased By ▼ -1.81 (-1%)
BOP 11.10 Decreased By ▼ -0.07 (-0.63%)
CNERGY 8.55 Increased By ▲ 0.02 (0.23%)
CPHL 97.50 Decreased By ▼ -2.91 (-2.9%)
FCCL 45.47 Decreased By ▼ -0.49 (-1.07%)
FFL 16.00 Increased By ▲ 0.19 (1.2%)
FLYNG 27.90 Increased By ▲ 0.01 (0.04%)
HUBC 142.99 Increased By ▲ 0.52 (0.36%)
HUMNL 13.04 Increased By ▲ 0.03 (0.23%)
KEL 4.50 Decreased By ▼ -0.02 (-0.44%)
KOSM 5.93 Increased By ▲ 0.09 (1.54%)
MLCF 61.40 Decreased By ▼ -0.50 (-0.81%)
OGDC 212.80 Decreased By ▼ -1.52 (-0.71%)
PACE 5.88 Decreased By ▼ -0.04 (-0.68%)
PAEL 46.51 Decreased By ▼ -0.32 (-0.68%)
PIAHCLA 17.69 Decreased By ▼ -0.15 (-0.84%)
PIBTL 10.50 Decreased By ▼ -0.12 (-1.13%)
POWER 12.10 Decreased By ▼ -0.07 (-0.58%)
PPL 171.00 Decreased By ▼ -1.71 (-0.99%)
PRL 34.96 Decreased By ▼ -1.06 (-2.94%)
PTC 22.76 Decreased By ▼ -0.50 (-2.15%)
SEARL 95.15 Decreased By ▼ -0.91 (-0.95%)
SSGC 40.50 Decreased By ▼ -0.84 (-2.03%)
SYM 14.20 Decreased By ▼ -0.24 (-1.66%)
TELE 7.42 Increased By ▲ 0.04 (0.54%)
TPLP 10.17 Increased By ▲ 0.09 (0.89%)
TRG 66.92 Decreased By ▼ -0.98 (-1.44%)
WAVESAPP 10.19 Increased By ▲ 0.19 (1.9%)
WTL 1.33 Decreased By ▼ -0.01 (-0.75%)
YOUW 3.83 Increased By ▲ 0.02 (0.52%)
AIRLINK 178.55 Decreased By ▼ -1.81 (-1%)
BOP 11.10 Decreased By ▼ -0.07 (-0.63%)
CNERGY 8.55 Increased By ▲ 0.02 (0.23%)
CPHL 97.50 Decreased By ▼ -2.91 (-2.9%)
FCCL 45.47 Decreased By ▼ -0.49 (-1.07%)
FFL 16.00 Increased By ▲ 0.19 (1.2%)
FLYNG 27.90 Increased By ▲ 0.01 (0.04%)
HUBC 142.99 Increased By ▲ 0.52 (0.36%)
HUMNL 13.04 Increased By ▲ 0.03 (0.23%)
KEL 4.50 Decreased By ▼ -0.02 (-0.44%)
KOSM 5.93 Increased By ▲ 0.09 (1.54%)
MLCF 61.40 Decreased By ▼ -0.50 (-0.81%)
OGDC 212.80 Decreased By ▼ -1.52 (-0.71%)
PACE 5.88 Decreased By ▼ -0.04 (-0.68%)
PAEL 46.51 Decreased By ▼ -0.32 (-0.68%)
PIAHCLA 17.69 Decreased By ▼ -0.15 (-0.84%)
PIBTL 10.50 Decreased By ▼ -0.12 (-1.13%)
POWER 12.10 Decreased By ▼ -0.07 (-0.58%)
PPL 171.00 Decreased By ▼ -1.71 (-0.99%)
PRL 34.96 Decreased By ▼ -1.06 (-2.94%)
PTC 22.76 Decreased By ▼ -0.50 (-2.15%)
SEARL 95.15 Decreased By ▼ -0.91 (-0.95%)
SSGC 40.50 Decreased By ▼ -0.84 (-2.03%)
SYM 14.20 Decreased By ▼ -0.24 (-1.66%)
TELE 7.42 Increased By ▲ 0.04 (0.54%)
TPLP 10.17 Increased By ▲ 0.09 (0.89%)
TRG 66.92 Decreased By ▼ -0.98 (-1.44%)
WAVESAPP 10.19 Increased By ▲ 0.19 (1.9%)
WTL 1.33 Decreased By ▼ -0.01 (-0.75%)
YOUW 3.83 Increased By ▲ 0.02 (0.52%)
BR100 12,484 Increased By 3.4 (0.03%)
BR30 37,693 Decreased By -314.2 (-0.83%)
KSE100 116,942 Increased By 166.1 (0.14%)
KSE30 35,946 Increased By 96.9 (0.27%)

ISLAMABAD: This is with reference to a news captioned “Rs67bn loss caused thru misuse of subsidized RLNG for EoUs” published in Business Recorder on 23rd May 2023.

In this context, it is submitted that there was no restriction regarding installation of co-generation facility for Captive Power Units, prior to the CCoE decision dated 21.02.2021.

Rs67bn loss caused thru misuse of subsidised RLNG for EoUs

In compliance to the CCoE decision dated 21.01.2021, cogeneration facility was made compulsory for Captive Power Units by SNGPL, subject to some exemptions for a certain period of time, ie, till such units are provided sufficient load for electricity by the respective DISCOs.

Therefore, it is clarified that during October 2018 to January 2021, there was no condition/embargo on SNGPL regarding supply of gas/RLNG (including concessionary tariff) to only those CPPs where co-generation facility was installed. Copy of the letter is attached for ready reference.

Moreover, it is the FBR/Ministry of Commerce which establishes that an industrial unit availing utilities under specific consumer number falls and qualifies as exporter for the GoP subsidy. SNGPL merely acts accordingly.

It is further submitted that the instructions/recommendations of the FBR, Ministry of Finance and Ministry of Commerce w.r.t. categorization of any unit as export industry and applicability of subsidized tariff, conveyed through Petroleum Division are complied with by SNGPL.

As regards the statement in above news, ie, “SNGPL claimed the subsidy of Rs.105 billion from October, 2018 to June 2022,” is concerned, the same is correct. Moreover, we understand that concerned ministries/quarters proceed the SNGPL subsidy claims after fulfilling the all necessary formalities and procedures.

Therefore, the statement that “but no validation of SNGPL’s claim was done and compliance instructions (SOP) of Finance/Petroleum Division was not ensured by DG Gas,” is not correct. Story was based on special audit report.

Copyright Business Recorder, 2023

Comments

Comments are closed.