Books can be written on the inefficiencies, incompetence, and irregularities in Pakistan’s energy sector. The PMLN regime tried to address sectoral deficiencies by launching plethora of base-load plants to match the peak load without giving any consideration to heightened capacity charge, transmission, or distribution constraints. Now that the power plants have been commissioned, power generation capabilities are higher than peak…
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Hundreds of scientists say there is evidence that the novel coronavirus in smaller particles in the air can infect people and are calling for the World Health Organization to revise recommendations, the New York Times reported on Saturday. The WHO has said the coronavirus disease spreads primarily from person to person through small droplets from the nose or mouth, which…
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London’s Imperial College estimates that COVID19 pandemic in Pakistan is “on course to fade out”, a testimony to Prime Minister Imran Khan’s government’s effective handling of the the ongoing global health crisis. At just 0.74, the effective coronavirus reproduction rate (Rt) in Pakistan is among the lowest in the world. An Rt of less than 1 indicates each infected person…
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The report also highlighted irregularities worth Rs. 273 million in 21 human resource/employee-related cases. Besides this, irregularities of Rs. 107,328 million in 64 cases related to civil/electrification works, procurement of electrical equipment, consultancy services, and contractual mismanagement were reported. An amount of Rs. 63 billion was discovered in 108 cases related to violation of internal rules and regulations of audited…
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ISLAMABAD: The newly-constituted committee headed by Chairman Federal Land Commission , Babar Yaqoob Fateh Muhammad, is extensively engaged with the Independent Power Producers (IPPs) to de-draft Power Purchase Agreements (PPAs) aimed at getting maximum relief, well-informed sources told Business Recorder. “The committee has held meetings with most of the IPPs established under 1994 and 2002 power policies and conveyed to them…
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EDITORIAL: According to a Business Recorder exclusive report, frequent ongoing outages in major cities of the country are due to system constraints rather than a generation shortfall as was the case during previous administrations. Except for K-Electric there is not a single distribution company, including Islamabad Electric Supply Corporation, which has consistently shown high receivables, that has been able to draw the…
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ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) is going to be dysfunctional from July 17, 2020 as tenure of its chairperson Uzma Adil is to culminate on the same date. She has been chairperson of the regulatory body for four years. Uzma, who is Charted Accountant by profession, joined the regulator as first ever lady chairperson in 2016 and…
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nergy-producing nations have “weathered the COVID-19 demand devastation storm and non-compliance [with output cuts] should become the end-of-summer theme for OPEC+,” said Moya. On Monday, West Texas Intermediate crude for August CLQ20, -0.09% was down 13 cents, or 0.3%, at $40.49 a barrel on the New York Mercantile Exchange, after posting a weekly gain of 5% on Thursday, with U.S.…
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ISLAMABAD: Minister for Planning, Development and Special Initiatives Asad Umar on Sunday said WAPDA produced the highest ever hydel electricity in 2019-20 with an increase of 20 per cent, compared to the previous year. In his tweet, the minister said massive hydel capacity increase was taking place with Dasu, Mohmand and Diamir Bhasha Dams being built. “We need to rely…
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ISLAMABAD: Pakistan and China on Monday signed an agreement for the construction of Azad Pattan Hydel Power Project. Prime Minister Imran Khan, Power and Petroleum Minister Omar Ayub Khan and Special Assistant to PM on Information and Broadcasting & CPEC Authority Chairman Lt Gen (r) Asim Saleem Bajwa witnessed the signing ceremony. Addressing the ceremony, the prime minister said the…
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