ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Tuesday directed the power sector entities to immediately include hydroelectric power in the definition and policy of the Alternate and Renewable Energy (ARE) sources. The decision comes at a time when the Cabinet Committee on Energy (CCoE), led by Planning Minister Asad Umar directed the Power Division to resolve immediately all…
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Launched in July 2019, the procurement exercise has seen final bids ranging from TND millimes 125.3922 ($0.0444)/kWh to TND millimes 129.9736/kWh for projects ranging from 1 MW to 10 MW. The tender lot for projects of 1 MW, final bids are between TND millimes 189.500 ($0.0671)/kWh to TND millimes 213.500/kWh The Tunisian Ministry of Industry, Energy and Mines has revealed…
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MANILA, PHILIPPINES (16 June 2020) — Greater investment in clean energy infrastructure will contribute to Asia and the Pacific’s recovery from the coronavirus disease (COVID-19) pandemic and make economies more resilient against future shocks, participants at the Asia Clean Energy Forum (ACEF) 2020 heard today. “It is clear that the COVID-19 crisis has made tackling climate change and other development…
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Chairman China-Pakistan Economic Corridor (CPEC) Authority Lt. General (retired) Asim Saleem Bajwa has dismissed the impression that the pace of CPEC related projects have slowed down, saying that the scope has actually enhanced. “Some detractors giving a false impression of CPEC being slowed. Not only pace of work on projects picked up recently, a great deal of groundwork done to…
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CHINA Pilgrims take selfies last September at Drolma La, the highest point on their 32-mile kora—a circular, meditative walk around Mount Kangrinboqe in Tibet. The mountain is sacred to four religions, and four of South Asia’s rivers rise from near its cardinal points. The source of the Indus River is a four-day walk north of the mountain. Photography for this article…
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KARAK: People on Monday blocked oil supply from Kohat division on the call of a jirga comprising lawmakers to protest denial of basic rights to the resource-rich region. Separate processions comprising hundreds of vehicles led by Jamiat Ulema-i-Islam-Fazl lawmakers from Karak, Mian Nisar Gul Kakakhel and Malik Zafar, and MPA from Kohat, Shah Dad Khan marched to the protest site…
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The Punjab government has added the services of ride-hailing apps to its sales tax net through the Finance Bill 2020, tabled by provincial Finance Minister Makhdoom Hashim Jawan Bakht on Monday. Previously, the ride-hailing apps were giving tax under the rent-a-car services category and were paying 16% tax, however, now they will have to pay only 4% tax under the…
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With a slump in demand on account of Covid-19, Pakistan’s installed capacity of electricity would jump to 41,335 Megawatt (MW), adding more woes on account of power tariff increase due to higher capacity payments and lower plant utilisation factors. According to energy experts, most of the power plants would remain idle due to low demand of electricity in Pakistan following…
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The recently released Economic Survey 2019-20 has noted that the use of coal in Pakistan’s energy mix is currently negligible and the government is focused on increasing its contribution to 30% by the year 2030. According to the report, Sindh has an estimated 185 billion tons of coal reserves in Lakhra, east of Indus, and Thar. Based on official figures,…
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Oil prices rose on Tuesday, with Brent crude rising above $40 a barrel as the International Energy Agency (IEA) increased its oil demand forecast for 2020 and as record supply cuts supported. Brent crude LCOc1 rose $0.77, or 1.94%, at $40.49 a barrel by 0918 GMT. US oil CLc1 gained 61 cents, or 1.64%, to $37.73 a barrel. In its…
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