2019 TURNS OUT TO BE A HISTORIC YEAR FOR HYDROPOWER, WATER SECTORS

December 27, 2019: The year 2019 turned out to be a historic one for development of water and hydropower resources in Pakistan, as record generation of hydel electricity was supplied to the National Grid during the year, besides initiating construction work on Mohmand Dam in May this year after five decades. The hydel power stations owned and operated by WAPDA provided…

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Local refineries approach govt as furnace oil crisis looms

Amid reports of furnace oil crisis, local Pakistani refineries including National Refinery Limited and Attock Refinery Limited have decided to take up the matter to the Ministry of Energy. “Reference to several articles published in several newspapers on the issue of Furnace Fuel Oil (FFO) crisis being faced by local refineries, the company’s management along with other local refineries has…

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NEPRA raises electricity tariff by Rs1.56 per unit

The National Electric Power Regulatory Authority (NEPRA) has dropped another inflation bomb on electricity users, as it increased on Wednesday power tariff once again. The electric power regulator NEPRA has approved a hike Rs1.56 per unit increase in electricity prices, which would add a burden of Rs14.50 billion on the pockets of consumers. As per details, NEPRA Chairman Tausif H…

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Saudi Arabia, Kuwait end dispute over shared oil fields

RIYADH: Saudi Arabia and Kuwait have ended a nearly five-year-long dispute over shared oil fields and have agreed to resume oil production from the divided Neutral Zone, but stressed this would not change their OPEC commitments to crude oil production cuts. The allied Gulf Arab nations signed the agreement in Kuwait City on Tuesday. Local media reported that about 300,000…

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Deadlock persists as provinces refuse to give up ‘first right of use’ of natural gas

ISLAMABAD: Provinces have turned down a proposal floated by the federal government that asks provinces to withdraw their first right of use over natural gas and give top priority to domestic consumers across the country. The proposal, taken up by the Council of Common Interests (CCI) in its recent meeting, was aimed at overcoming the emerging gas crisis in winter. Under…

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