TO ensure a belated compliance with the targets of International Monetary Fund (IMF), the government is set to recover additional cost of losses from consumers by imposing new surcharges aimed at financing power sector loans and generate more than Rs.250 billion in annual revenue. As a first step, a meeting of the Economic Coordination Committee (ECC) of the Cabinet has…
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Minister for Power Division Omar Ayub Khan has revealed that a Saudi power producing company, ACWA Power, will invest $4 billion in the country’s renewable energy sector. While briefing the national assembly, he stated that ACWA Power will invest in Balochistan’s energy sector. Omar said that generating cheap electricity by utilizing indigenous renewable energy resources like wind, solar, waste to…
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A day after the API’s crude oil inventory report pressured prices, the EIA relieved some of the pressure by reporting an inventory draw of 2.5 million barrels for the week to January 10.close [x]Video Player is loading. Analysts had expected the authority to report an inventory decline of 750,000 barrels for the period. A week earlier, the EIA estimated inventories had added 1.2 million barrels, after for the…
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Special Assistant to Prime Minister on Poverty Alleviation and Social Protection Dr Sania Nishtar will inaugurate a conference on Corporate Social Responsibility (CSR) here at a hotel in Islamabad on 22 January, 2020. The National Forum for Environment and Health (NFEH) combining its strength with Sustainable Development Policy Institute (SPDI) and CSR Club of Pakistan is organizing the 12th Annual CSR…
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K-Electric regularly conducts routine annual maintenance and upgrades on its power infrastructure, for which shutdowns are necessary. Planned maintenance and upgrades are often undertaken during the winter months to reduce inconvenience to customers. Registered customers are intimated about upcoming shutdowns via KE’s 8119 SMS service. According to spokesperson KE, “Power supply in the city is as per routine but in…
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BRUSSELS: The European Union plans to dedicate a quarter of its budget to tackling climate change and to help shift one trillion euros ($1.1tr) in investment towards making the economy more environmentally friendly over the next 10 years. The Europe Investment Plan unveiled on Tuesday will be funded by the EU budget and the private sector. It aims to deliver…
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