The Asian Development Bank (ADB) has planned to invest $2 billion in the energy sector of Pakistan over a period of three years, said a delegation of the bank. “The ADB remains top energy-sector partner with $2.1 billion worth of portfolio and $300 million released this week for reforms including addressing the circular debt,” said a high-level ADB team, headed…
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Madrid, 11 December – Nations around the world can make breakthroughs in the shift to renewable energy, the United Nations Development Programme (UNDP) and the International Renewable Energy Agency (IRENA) said today, adding that such a move would drastically cut emissions and help the world get on track to meet the Paris climate goals and limit global warming to 1.5…
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ISLAMABAD: In a bid to secure the remaining installments of the International Monetary Fund (IMF) US$6 billion bailout package, the government has started work on a plan to empower the Oil and Gas Regulatory Authority (OGRA) to directly pass on gas price increases to consumers. The proposed plan is to be discussed in a cabinet meeting scheduled for Tuesday (today) with…
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“The Royal Swedish Academy of Sciences has decided to award the Nobel Prize in Chemistry 2019 to John B Goodenough, M Stanley Whittingham and Akira Yashino for the development of lithium-ion batteries,” read a press release issued by nobelprize.org a few weeks ago. These batteries, the release says, have the potential to create a fossil fuel-free society. A few weeks…
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ISLAMABAD: The government has notified an increase of 11 paisa per unit in electricity prices in a bid to apply a uniform tariff to all categories of consumers, except for domestic consumers. The tariff increase has been notified on account of periodic tariff adjustment for the first-quarter (Jul-Sept) of fiscal year 2019-20, as determined and recommended by the National Electric…
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KARACHI: Investors in the Jhimpir Wind Corridor are alarmed as their projects have now suffered an unprecedented shutdown of six consecutive days since the federal government halted all offtake from their wind farms. “We had been seeing depressed offtake for almost two months now,” a leading investor in the project who did not wish to be identified by name tells Dawn.…
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Federal Minster for Energy Omer Ayub Khan on Tuesday informed the National Assembly that the government was trying hard to provide less expensive electricity to consumers by further improving the system. He said the government will be producing 70 to 80 per cent electricity by 2030 with their own resources which would contribute to overall development of the country. On…
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