Renewable Power Heads for Its First Decline in Two Decades

Construction of new wind and solar farms is being delayed by factory closures, workers’ needs for social distancing and developers’ financial concerns as they emerge from the coronavirus crisis, according to research from the International Energy Agency. The world is set to add 167 gigawatts of renewable power capacity this year, 13% less than in 2019. It’s a reality check for…

Read More

Circular debt: Govt carves out plan to reduce capacity charges

ISLAMABAD: The PTI government has carved out a unique master plan under which synthetic financing would be arranged to slice down capacity charges causing huge surge in circular debt. The circular… SLAMABAD: The PTI government has carved out a unique master plan under which synthetic financing would be arranged to slice down capacity charges causing huge surge in circular debt.…

Read More

PTI govt to use Covid-19 fund for interest payment

ISLAMABAD:  The federal government on Wednesday allowed diverting Rs10 billion from the coronavirus relief funds to pay interest on loans taken to retire circular debt and approved terms of negotiations for debt restructuring to reduce electricity tariffs. Contrary to prime minister’s desire to reduce power tariffs by renegotiating terms of the deals, official documents suggest that there will be no…

Read More

Wapda chief eyes dam diversions’ completion in three years

ISLAMABAD: Amid the launch of the construction of Diamer-Bhasha dam, the government on Wednesday said the decision to build it as a ‘roller compact concrete (RCC)’ structure was based on 20-year intensive scrutiny of technical and geological reports and feasibility studies by an international panel of experts. Speaking at a news conference, Wapda chairman retired Lt Gen Muzammil Hussain said…

Read More

OGDCL injects nine new wells in production gathering system

May 20, 2020: The Oil and Gas Development Company Limited (OGDCL) has injected nine new wells, producing 137,230 Barrels crude oil and 5,562 Million Cubic Feet (MMCF) gas, in its production gathering system during three quarters of the current fiscal year. “As many as nine operated wells have been injected in the production gathering system viz., Qadirpur-14&61, Pasakhi Deep-4&5, Nashpa-9, Chanda-5,…

Read More

OIL & GAS DEVELOPMENT COMPANY LIMITED

OGDCL STARTED MANY SCHEMES FOR WELFARE OF PEOPLE OF CHAKWAL WHICHWILL BOOST THEIR LIVES:DC CHAKWAL ALSO DEMANDS ADDITIONAL FUNDS FOR RENOVATION THEIR OFFICEFROM OGDCL.OGDCL after paying 9billion and 7crore rupees to provincial and district government of Chakwal in respectof royalty has started many schemes of worth 100 million on its own to boost and improve the lives ofpeople residing in…

Read More