Old power plants to be phased out

ISLAMABAD: The government on Thursday decided in principle to close down about 2,900 megawatts of government-owned old power plants in two phases and get rid of ‘must-run’ status of three LNG-based plants in Punjab of about 3,900MW. Under the decision, various units of about 1,400MW at four generation companies of ex-Wapda would be closed down immediately, followed by another 1,500MW…

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Australian company keen to invest in Pakistan’s renewable energy sector

ISLAMABAD: Andrew Forrest, Chairman of Australian company Fortescue Metals Group Ltd, has expressed a keen interest in making investments in Pakistan’s renewable energy sector and green industry. In a meeting with Prime Minister Imran Khan on Monday, Forrest said the investment by Fortescue Group would help create employment opportunities for Pakistanis, besides introducing new technology solutions for a host of industries.…

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NAB to investigate K-P’s tsunami tree project

ISLAMABAD: The National Accountability Bureau’s (NAB) Executive Board on Wednesday approved four separate investigations into Khyber Pakhtunkhwa’s Billion-Tree Tsunami Project, a spokesperson for the anti-graft buster said. According to the spokesperson, the anti-corruption watchdog also approved six separate inquiries into the project. The decision was taken in a meeting presided over by NAB Chairman retired Justice Javed Iqbal. The meeting…

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Govt for speedy setting up of LNG terminals

ISLAMABAD: The federal cabinet on Wednesday directed the petroleum and defence ministries to remove all hurdles within 30 days to facilitate setting up and operationalisation of two additional liquefied natural gas (LNG) processing terminals in the private sector. Under the decision taken at a cabinet meeting on Tuesday, the prime minister approved two proposals of the Ministry of Maritime Affairs…

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Industrialists protest poor infrastructure facilities at SITE area

Karachi: A large number of industrialists of SITE area Karachi staged a peaceful protest outside the office of SITE Limited against the non-provision of infrastructure facilities in SITE area Karachi, particularly the worst-ever condition of roads. Industrialists demanded to hand over Site Ltd management control to Site Association, immediate start of roads repair under Site Association supervision, Site board members…

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