ISLAMABAD: Independent Power Producers (IPPs) and the Federal Government have reportedly not signed the much-awaited agreements due to the lack of a “visible” mode of payment, well-informed sources told Business Recorder. The government and IPPs signed a Memoranda of Understanding (MoUs) a couple of months ago with the commitment to convert these understandings into legal agreements. The sources said the…
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PESHAWAR: A lawyer moved the Peshawar High Court on Monday against the outages of natural gas in parts of the provincial capital. In the petition, Saifullah Muhib Kakakhel requested the court to declare the gas denial to Khyber Pakhtunkhwa, especially Peshawar, illegal and unconstitutional and order the immediate restoration of uninterrupted gas supply. He said KP produced more natural gas…
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ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) is all set to start public consultation on Tuesday (Dec 22) on Competitive Trading Bilateral Contract Market (CTBCM) without taking account of domestic ground realities. An overview of the design and implementation of the CTBCM which was approved last month predominantly focuses on developing a Wholesale Electricity Market (WEM) at a time…
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China is committed to a stable global energy market and is further opening its energy sector to the world, said a white paper released Monday.The country has greatly eased market access for foreign investment, and has built a market-based international business environment that respects the rule of law to facilitate free trade and investment, according to the white paper titled…
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ISLAMABAD (Dunya News) – A multinational company will start construction on first merchant Liquefied Natural Gas (LNG) terminal in the country by end of the next month [January] after the government opened up the energy sector under its ease-of-doing-business strategy. “A vibrant structural framework is very much in place under which construction work on the first private sector LNG terminal…
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ISLAMABAD: The Petroleum Division is unhappy with inquiry commission investigating Pakistan’s petrol crisis. They have called the commission “controversial”. In a response to last week’s report by the inquiry commission, the petroleum division expressed its dissatisfaction over the commission’s members. The inquiry commission’s report on the petrol crisisThe five-member Inquiry Commission, headed by FIA Additional Director-General Abubakar Khudabaksh, has recommended…
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DUBAI: The Abu Dhabi National Energy Co. (TAQA) on Tuesday announced it has secured funding to build the world’s largest solar power plant.The successful financial closing of Al-Dhafra Solar Photovoltaic (PV) Independent Power Producer (IPP) project was achieved alongside TAQA’s partners Masdar, EDF Renewables and JinkoPower. The plant will be located around 35km from Abu Dhabi city, will have capacity…
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LAHORE: The signing ceremony of Rs100 billion financing agreement between the Punjab Thermal Power (Pvt) Ltd and a consortium of six banks, for enhancing capacity upto 1,263 megawatt, was held at a hotel on Thursday. Provincial Secretary Finance Abdullah Sumbal signed the agreement in the presence of Chief Minister Sardar Usman Buzdar. Addressing the ceremony, the CM termed the agreement…
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