The oil and gas sector has not had it easy this year thanks to the COVID-19 pandemic and the resulting travel restrictions and impact on international travel. Oil prices have struggled to break past the $US45 ($62) per barrel mark and have in fact slipped below $US40 per barrel this week thanks to bearish news from world financial markets. Russia expects global…
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ISLAMABAD: The National Energy Efficiency and Conservation Authority (Neeca) is all set to start energy audits of Captive Power Plants (CPPs) of textile sector in the light of a decision of the Cabinet Committee on Energy (CCoE). Neeca- an arm of the Power Division has sent letters to all the CPPs, conveying them to be ready for their energy audit…
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MULTAN, (APP – UrduPoint / Pakistan Point News – 6th Sep, 2020 ) :Foreign Minister Makhdoom Shah Mahmood Hussain Qureshi said that revised agreements with Independent Power Plants on new tariff of electricity would surely facilitate masses. The agreements are almost in final stages and its fruit would be shifted toward masses soon, stated Foreign Minister while laying ground breaking of 132KV grid station…
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KARACHI: A Sindh government’s plan to exploit the potential of wind corridors for power generation is seen meeting reality checks after decades it was first explored as the Sindh Transmission and Dispatch Company (STDC) is close to finalise the plan of smart grid technologies of power transmission to get benefit of natural resources, said a senior official. The STDC move…
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KARACHI: The Sindh government issued on Monday an official notification to appoint administrators in local government bodies across the province, a week after the tenure of the elected local bodies representatives ended. According to the notification, Iftikhar Ali Shallwani – a Grade-21 official who had recently been posted as the local government secretary – has been appointed as the Karachi…
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ISLAMABAD: Privatisation is a unique medicine which international financial institutions (IFIs) carry in their first aid box to prescribe to everyone and anyone. The country in need of help will have to take a dose of it. The extent of the dose depends on the need of the country. Although the concept was introduced by the fascist regime in Italy,…
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The 1,100MW K2 reactor at the Karachi Nuclear Power Plant (Kanupp), the first unit using China’s homegrown ‘Hualong One’ technology, has successfully completed its thermal testing also known as hot functional tests (HTFs). China is building two Hualong One reactors with a capacity of 1,100MW each at the Karachi Nuclear Power Complex on the coast of the metropolis where a…
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MULTAN: Foreign Minister Shah Mahmood Hussain Qureshi has said the process for revision of power tariff agreements with independent power producers (IPPs) is in its final stages and would facilitate the people once it is completed. “The agreements are almost in final stages and their fruit would be shifted to masses soon,” Qureshi said on Sunday while addressing ground-breaking of…
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ISLAMABAD: The Khyber-Pakhtunkhwa government is seeking World Bank assistance for the development of 88MW run-of-river hydropower project on the Gabral tributary of the Swat river to generate about 339 gigawatt hours of electricity annually. The World Bank is currently evaluating the project which will be located near the Kalam town in Swat district. The proposed project involves construction of 21-meter…
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ISLAMABAD: The government-owned National Transmission & Despatch Company (NTDC) has challenged certain directives of the National Electric Power Regulatory Authority (Nepra), saying these will limit the scope of bidding for lowest tariff and lead the country towards another ‘capacity trap’. The “NTDC believes that while considering these directions, size of committed set of projects would further increase and thus ‘least…
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