AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

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.