ISLAMABAD: Pakistan Navy (PN) is reportedly reluctant to issue No Objection Certificate (NOC) for establishment of two new LNG terminals due to security concerns, well-informed sources in the Ministry of Maritime Affairs told Business Recorder. Sources said the ECC of the Cabinet’s decision of March 5, 2019 duly ratified by the Cabinet on March 19, 2019 and July 9, 2019…
Read More
Chauhan further said that the PML-N had abused the country by banning renewable energy during the last two years of its tenure and doled out billions of rupees in the form of commissions for expensive power projects running on imported fuel. He said that the current government, under the wise leadership of Prime Minister Imran Khan, has thus far started…
Read More
China National Nuclear Corporation (CNNC) said that the K2 unit at the Karachi Nuclear Power Plant in Pakistan has successfully completed Hot Functional Tests (HFT). The power plant is the first overseas unit using China’s homegrown Hualong One technology. The tests have laid a solid foundation for subsequent major processes, including nuclear fuel loading and grid-connected power generation, China Global…
Read More
KARACHI: Finance Adviser Dr Abdul Hafeez Shaikh struck a gong at the stock exchange on Monday to mark the listing of the Pakistan Energy Sukuk II (PES-II) worth Rs200 billion. The government issued the 10-year Islamic bond back in June through its wholly owned company, Pakistan Holding Ltd, to generate cash for overdue payments in the power sector. Its listing…
Read More
ISLAMABAD: The government has constituted a special committee to act as one-window operation for K-Electric and sought removal of the top leadership of the power utility over its alleged inability to ensure uninterrupted power supply and address disruptions within reasonable time after recent rains. Highly placed sources said the government members on the K-Electric board of directors had pushed for…
Read More
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…
Read More
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…
Read More
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…
Read More
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…
Read More
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…
Read More
