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…
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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…
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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…
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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…
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ISLAMABAD: For the first time in Pakistan’s history, the government is set to face a huge LNG debacle in January, 2021 as LNG supplier companies. have not submitted bids for three earlier time slots till January 18. The development came to the fore when bids of spot cargoes were opened on Thursday for early part of January 2021 after bids…
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Karachi: The National Forum for Environment and Health (NFEH) has demanded that a national-level emergency should be declared to tackle the problem of marine pollution as the recent sighting of coral bleaching near Charna Island shows that serious environmental issue is getting worse every passing day. In a press statement issued on Friday, NFEH President Muhammad Naeem Qureshi said that…
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ISLAMABAD: In a major setback to gas-starved consumers, Pakistan could not get even a single bid for three LNG (liquefied natural gas) cargoes meant for the first half of January and attracted the highest price for the second half of the month mainly because of delayed tenders amid rising international prices. Pakistan LNG Limited (PLL) had issued tenders for six…
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The government has set ambitious targets to introduce 20% renewable energy by 2025 and 30% by the end of 2030, said Special Assistant to Prime Minister on Petroleum Nadeem Babar during a meeting with British High Commissioner Dr Christian Turner on Thursday. The SAPM shared the structural reforms being carried out in the energy sector in view of the new…
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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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