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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Reaching natural gas production of one billion cubic meters per day (bcm/d) has been one of the three core hydrocarbons resource strategies of Iran since the Islamic Republic began to seriously develop the supergiant South Pars non-associated natural gas field in 1990, alongside producing 5.7 million barrels per day (bpd) of oil and building out a world-class petrochemicals sector. According…
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A study launched on Thursday has revealed that Pakistan’s new long-term power capacity plan has failed to live up to the government’s stated principles of sustainability and affordability. Power demand growth forecasts made under Integrated Generation Capacity Enhancement Plan-2047 (IGCEP-2047) are too high and do not take into account the impact of COVID-19, states the study conducted by Institute of…
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KARACHI: As many as 12 wind power projects with a cumulative capacity of 650 megawatts (MW) of electricity in Sindh are likely to commence commercial operations by end of December 2020, said the provincial energy minister here on Friday. Imtiaz Ahmad Shaikh said these projects – each with a producing capacity of 50 MW power are under construction in wind…
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ISLAMABAD: The government has approved a plan of transferring unspent funds and savings from gas supply schemes to provinces, a move that may invite some criticism. Gas schemes are considered an easy tool in far-off areas of the country to win over voters during elections. This comes in the backdrop of gas shortages that have put an extra burden of…
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ISLAMABAD: While hurling accusations of data fudging on Distribution Companies (Discos), the National Electric Power Regulatory Authority (Nepra) has asserted that existing setup is unable to deliver, recommending independence of Discos from Power Division’s control with complete financial controls. The regulator, in its report performance evaluation report of Discos and KE 2018-18 as compared to 2014-15 through 2017-18, has also…
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