ISLAMABAD: The Hub Power Plant Management has accepted the proposal of the Power Division under which the government will buy it out for Rs65 billion but will not pay Rs260 billion as capacity payment due till 2027 under the remaining period of Power Purchase Agreement. In return, Hubco will provide 600MW of cheaper electricity to K-Electric by 2024 based on…
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While the capture of carbon from flue gas is technically feasible, it has a high energy cost. A new method could lead to the creation of useful products from the process, while significantly lowering the overall energy cost of carbon capture. The technique uses a liquid solution containing substances called amines. When flue gas is bubbled through these solutions, the CO2…
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Oil marketing companies (OMCs) are eagerly anticipating the completion of new pipeline projects along with the upgrading of the existing pipelines to counter the tanker operators’ unnecessarily disruptive tactics, reported a national daily. The tanker operators are allegedly delaying the oil supply to have their demands met. Once the pipelines become operational, the OMCs will have direct supply and, therefore,…
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ISLAMABAD: A spokesperson for the Petroleum Division Wednesday said at present there was no gas load-shedding in any part of the country. “However, isolated complaints of pressure drops, especially at tail ends of the lines and in the colder climates have been observed, which are being attended by gas utilities actively,” he said in a news release. The spokesperson said…
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Karachi, Thursday December 10, 2020: Engro Foundation, the social investment arm of Engro Corporation, has recognized the achievements of Pakistan’s COVID-19 frontline heroes and announced eight recipients of its flagship I Am The Change (IATC) Awards. Amidst the global pandemic, the IATC 2020 invited frontline workers, who could be self-nominated or nominated by supervisors/head of organizations, to share their inspiring…
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The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the coming weeks. Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are updated below. Some tankers heading for Belgium and Britain may be loading at the terminal. Those expected to load are indicated with…
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MILAN: Developers of the Trans Adriatic Pipeline (TAP) have started feasibility studies on blending hydrogen with the natural gas the pipeline will bring in from Azerbaijan, the TAP head said. “The company has kicked off a technical study and we hope to be in a position to make a first assessment by the end of June next year,” TAP managing…
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ISLAMABAD: With the highest population growth rate in the region, Pakistan is already the fifth most populous nation in the world but the economic growth outlook at least for the next four to five years is not encouraging. “Pakistan needs a high economic growth rate, 7-8 per cent, for the next 30 years to absorb the new entrants to the…
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ISLAMABAD: The World Bank has approved a $300 million loan to help Pakistan address issues of climate change, health emergency and manage solid waste to reduce flooding chances in the largest city of the country. The Washington-based lender approved $200 million for the Sindh Resilience project and $100 million for the Solid Waste Emergency and Efficiency project, according to an…
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Chevron has taken steps to lessen the oil and gas giant’s dependence on fossil fuels, laying a path to an energy system with a reduced carbon footprint, CEO Mike Wirth told CNBC’s Jim Cramer Wednesday. “We embrace a lower carbon future. We expect a lower carbon energy system,” Wirth said in a “Mad Money” interview. “The energy system’s always been…
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