Fueled by Innovation: How Technology is Boosting Efficiency in Oil & Gas
Day: December 11, 2020
MoC proposes concessionary rates of power to cement industry
The Commerce Ministry has proposed concessionary rates of electricity to cement industry on exportable quantity of cement and clinker, official sources told Business Recorder. According to the MoC, the cement industry holds immense potential for exports. Pakistan exported cement to the tune of $ 266 million in 2019-20 which is expected to substantially increase in future given the business-friendly policies of the government. Cement and clinkers are exported through sea to major export destinations like Bangladesh, Sri Lanka, Madagascar, South Africa, China, etc. However, the stakeholders are approaching the Ministry…
Read MoreIs Red the New Green?
LAHORE: A couple or more green-flashing economic indicators cannot be termed a sign of a turnaround and with this in mind it’s not hard to surmise that economy, no matter what its managers claim, will continue to remain suspect as long as the system is flawed to its core. We aspire to collect Rs4,900 billion this fiscal from taxes. This would be an uphill task. However even if the target is achieved the government will still be short of over Rs3,500 billion to meet its yearly expenses. Any shortfall in…
Read MoreResource adequacy issues in Pakistan’s power grid –II
In the first part, we observed that NTDC’s IGCEP2047 envisages addition of 50 GW of new capacity in the grid by 2030, with investments to top over USD 70 billion. For a country already sinking under foreign loans and where electricity prices have risen beyond the affordability of most consumers, this should be a cause for serious concern. We must explore every option and avail every opportunity to minimize future capacity needs without compromising country’s aspirations for development and consumers’ capacity to pay. With this objective, we re-examine below, the…
Read More148MW More Electricity To Be Supplied At Reduced Rate To Industrial Sector: Pedo Board
PESHAWAR, (APP – UrduPoint / Pakistan Point News – 10th Dec, 2020 ) :Board of Directors (BoD) of the Khyber Pakhtunkhwa Energy Development Organizations (Pedo) on Thursday decided to supply 148 Megawatt more electricity to industrial sector of the province on subsidized rates. The board which met under the chairmanship of the adviser to the Chief Minister on Energy also decided to soon appoint project directors for the 300 MW power Balakot and 69 MW Lavi Hydropower projects after selecting suitable candidates. The board also granted approval for promotion to next grade of different categories’ officers and low grade employees…
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