December 18, 2019: A delegation of the PAF Air War College, Karachi, headed by Air Vice Marshal Zulfiqar Ahmed Qureshi today visited WAPDA House Lahore. During the visit, the delegation was briefed about the water scenario, development plans and future challenges in water and hydropower sectors. Dilating upon the factors behind the dismal scenario of water sector, WAPDA Chairman Lt…
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New Report Underlines the Great Potential of Renewables as a Source of Reliable Power for Refugee Settlements IRENA and UNHCR forge partnership to increase the role of renewable power solutions for displaced communities Geneva, Switzerland, 18 December 2019 – On-site renewable energy solutions can cost-effectively supply refugee communities with low-cost, reliable electricity, according to the findings of a new report by the…
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Syed Jehangir Ali Shah has been assigned the post of Chief Executive Officer/ Managing Director of Pakistan State Oil (PSO), it was learnt on Wednesday. “By virtue of Government of Pakistan’s Notification No.1 (39)/2018-Oil dated December 17, 2019, Syed Jehangir Ali Shah has been assigned the post of Chief Executive Officer/ Managing Director of Pakistan State Oil Company Limited on…
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KARACHI: It is ironic that the massive hike of up to 213.7% in gas prices comes at a time when Pakistan is facing gas outages as demand has exceeded supply following an abrupt drop in temperature in different parts of the country. The situation resulted in long queues outside tandoors due to low gas pressure at residences and prompted Karachi-based Sui…
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ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet is expected to allow a consortium of Pakistan’s state-owned companies to participate in the bidding round for an offshore block in Abu Dhabi. Abu Dhabi National Oil Company (Adnoc) will undertake the bidding process for awarding the offshore block to oil and gas exploration companies by December 31 this year. Pakistan’s…
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The Korea Hydro and Nuclear Power, a subsidiary of Korea Electric Power Corporation (KEPCO), will invest over a billion dollars in the power sector of Pakistan’s Khyber Pakhtunkhwa. The development comes during a meeting between the president of Korea Hydro and Nuclear Power and Khyber Pakhtunkhwa Finance Minister Taimur Jhagra and Provincial Minister of KPK for Law, Sultan Khan. As per…
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ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has asked the government to increase prices for gas consumers by up to 221 per cent with effect from January 1, 2020 to generate about Rs40 billion in additional funds required by the two gas utilities. In two separate judgments forwarded to the government, the regulator determined about 13pc (Rs82 per unit)…
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Investments in Pakistan’s power-generation capacity under CPEC, has the potential to diversify the country’s energy mix. ADB stressed on accelerating energy sector reforms to reduce and rationalize subsidies for oil-based generation. The Asian Development Bank (ADB) has urged Pakistan to reduce subsidies for oil-based power generation, to tackle its growing imports that constrained the country’s Balance of Payments (BOP). “The…
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Madrid, 16 December 2019 – The leading global renewable energy industry associations have sent a clear signal to the UNFCCC negotiators about the crucial role of renewable energy technologies at the recently concluded COP25 climate conference in Madrid, Spain. Convening at an official side event, speakers from REN Alliance* informed the gathered delegates about the latest technological developments of renewable…
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ISLAMABAD: The government is likely to further increase gas prices in a bid to eliminate the circular debt of Rs181 billion in the gas sector. The Petroleum Division has informed Prime Minister Imran Khan that the hike in gas prices is inevitable because of the high circular debt of Rs181 billion in the wake of a wide gap between average prescribed…
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