A parliamentary committee cleared “The China-Pakistan Economic Corridor (CPEC) Authority Bill 2020” with a majority vote despite resistance from the opposition, The News reported on Wednesday. During the NA Standing Committee on Planning and Development, chaired by Junaid Akbar, former minister Ahsan Iqbal presented seven reasons against the creation of CPEC authority. A heated debate ensued but the bill was cleared with…
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Islamabad, November 18, 2020: The Ministry of Energy (Petroleum Division) of Pakistan and Ministry of Energy of the Russian Federation held first Russia-Pakistan Technical Committee meeting from 16th to 18th November 2020 in Islamabad on mutual cooperation for the development of North South Gas Pipeline Project. The project is a flagship strategic venture between the institutions of Pakistan and Russia…
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Pakistan aims to ensure energy independence by leveraging its own natural resources. Hitachi ABB Power Grids will provide 550-kilovolt (kV) gas-insulated switchgear (GIS) to power generation equipment manufacturer Shanghai Electric. The Thar Block-1 project comprises two power plants with the capacity to generate 1,320 megawatts (MW) of electricity to the national grid. Hitachi ABB Power Grids’ high-voltage compact metal encapsulated…
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The issue of power purchase, and when it is made, has come up before. Recently, PSO said that it bought additional furnace oil to meet a shortfall by K-Electric in Karachi, so that the people of Karachi would not suffer. The question, however, is why furnace oil was bought when a few months before in August and September, LNG was…
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Energy is an essential ingredient of socio-economic development and economic growth. Over the past two years the PTI government which came to power on the promise of increasing economic development has made large strides in ensuring an enhanced supply of commercial energy. Currently Pakistan produces a total of 33,961 MW of energy. Over half of Pakistan’s generation capacity is met…
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KARACHI: Pakistan State Oil Company (PSO), the country’s largest public sector oil marketing company, is accused of succumbing to international oil mafia and vested interests, industry sources said. According to details, PSO regularly conducts spot tenders for supply of motor gasoline and seasonal furnace oil cargoes which are supplied by a small group of globally influential international oil suppliers such…
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An interesting situation has arisen in the United Kingdom, which should draw the attention of all those focused on the “energy transition.” It speaks to the underlying unreliability of renewable energy and, in particular, the current state of green technology. We can learn from Britain’s current struggles that unless or until we drastically improve our alternative energy and electricity storage…
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The UK government will ban sales of gasoline and diesel cars from 2030, the BBC reported, citing Prime Minister Boris Johnson. The move is part of what Johnson has called a green industrial revolution aimed at mitigating climate change while creating new jobs. The plan will receive financing of $5.31 billion (4 billion pounds), which, according to critics, is nowhere near…
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GILGIT: The Gilgit-Baltistan government on Tuesday signed its first public-private partnership (PPP) agreement with the Industrial Promotion Service, a commercial arm of the Agha Khan Development Network (AKDN), to build the first run-of-river power project in GB. Mansoor Dhanani, CEO NPAK (Industrial Promotion Services), and GB secretary water andpower Sajjad Haider signed the agreement here. GB caretaker Chief Minister Mir…
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ISLAMABAD: With imported gas burdening state-run gas utilities, the Petroleum Division is now seeking the go-ahead from the Cabinet Committee on Energy (CCoE) for appointing a transaction adviser to split the utilities facing higher losses on account of unaccounted for gas (UFG). Sui Northern Gas Pipelines (SNGPL) and Sui Southern Gas Company (SSGC) are facing UFG of 11-17%, which is…
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