KARACHI: K-Electric (KE) Limited has agreed to buy up to 6 megawatt (MW) of electricity from Lucky Cement’s captive power plant, which would be supplied to DHA City Karachi being developed along Superhighway, a statement said on Wednesday. According to the statement, Lucky Cement’s 29.7 MW gas-fired thermal power plant has a generation licence issued by National Electric Power Regulatory…
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China-Pakistan Economic Corridor (CPEC) has picked up pace once again as China has invested more than $11 Billion in Pakistan in 2020 alone. This is the second biggest amount of Chinese investment in a single year after 2015 which witnessed a total investment of over $12 billion. The progress over the CPEC appeared to have stalled between 2017 and 2019…
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ISLAMABAD: Prime Minister Imran Khan has directed to formulate a comprehensive plan to provide relief to liquefied petroleum gas (LPG) consumers.The Prime Minister was chairing a meeting of the Cabinet Committee on Power here on Thursday to review issues related to the gas pricing system and electric tariff of K-Electric.The Prime Minister also directed to defer an Economic Coordination Committee’s…
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Swedish company SICPA maintains the operating rights to the Hagia Sophia for another seven years and is set to suffer losses linked to the museum’s $72 million in annual ticket sales, Dünya columnist Kerim Ülker said on Monday. In 2018, SICPA successfully bid $3.9 billion to win a tender for operating over 50 museums and archaeological sites for nine years,…
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The government of Bangladesh has approved a $26 million project to provide free solar home systems to 40,000 households in three hilly districts with uncertain prospects of being incorporated into the electricity grid by 2045. Prime minister Sheikh Hasina approved the spending – the second phase of a project to provide free solar panels to households in the three communities…
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The world’s most relied-upon renewable energy source isn’t wind or sunlight, but water. Last year, the world’s hydropower capacity reached a record 1,308 gigawatts (to put this number in perspective, just one gigawatt is equivalent to the power produced by 1.3 million race horses or 2,000 speeding Corvettes). Utilities throughout the globe rely upon hydropower to generate electricity because it…
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It is the government’s priority to ensure provision of uninterrupted and affordable energy to industries, remarked Minister of State and Board of Investment (BOI) Chairman Atif R Bokhari. Keeping the prime minister’s vision in view, he said, the BOI had taken the initiative to establish the first-ever solar captive power plant for the Special Economic Zones (SEZs) in the country.…
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The Pakistan Meteorological Department on Thursday predicted rain and thunder in Karachi from tomorrow in a second spell of downpour this season. The department’s director, Sardar Sarfaraz, said the spell would last a day or two and would be preceded by dusty winds. “Initially we had said that the second spell would start from July 15 but then the situation…
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China became the first major economy to grow since the start of the coronavirus pandemic, recording an unexpectedly strong 3.2 per cent expansion in the latest quarter after anti-virus lockdowns were lifted and factories and stores reopened. Growth reported on Thursday for the three months ending in June was a dramatic improvement over the previous quarter’s 6.8pc contraction — China’s…
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The Aviation Division on Thursday said that the credentials of almost all Pakistani pilots working for foreign airlines have been confirmed, as the government continues to manage the fallout from a scandal over aviator licences. Airlines in 10 countries had demanded proof of valid flying licences for their Pakistani pilots after it emerged about a third of Pakistan International Airlines…
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