ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Thursday constituted a three-member committee to probe into the major power breakdown that plunged the whole country into darkness last weekend. In a notification issued here on Thursday, Nepra said that the inquiry committee comprising two private sector experts would be required to submit a report to the regulator within 15…
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HYDERABAD: Sindh Minister for Energy Imtiaz Ahmed Sheikh has urged his federal counterpart Omar Ayub to ensure issuance of notification for five wind power projects, to be installed by independent power producers (IPPs) in the province, to encourage investors and promote clean power industry. The minister said in a letter to the federal minister on Thursday that tariffs of the…
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ISLAMABAD: In a move towards reviving the International Monetary Fund (IMF) programme, the government has decided in principle to increase the electricity rates by about Rs1.90 per unit in the current billing month. A formal announcement to this effect is expected to be made over the next couple of days. A federal minister told Dawn that a news conference had been called…
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Pakistan generates close to 50 million tonnes of solid waste per year, almost 135,000 tonnes per day. Out of this, Karachi alone produces 10% or 13,500 tonnes of solid waste per day. Most Pakistanis, and especially Karachiites, suffer from a lack of solid waste collection, where it is scattered throughout the city. But the sad reality is, even if this…
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The Senate Standing Committee on Interior was informed that 12 top oil importers had been responsible for creating artificial oil shortage in the country. The panel, which met under the chairmanship of Rehman Malik, at the Parliament House on Thursday, was told that the FIA had identified those involved in the malpractice. The committee was given a detailed briefing by the…
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The Cabinet Committee on Energy (CCOE) on Thursday approved the principles and implementation plan for the Competitive Trading Bilateral Contract Market (CTBCM). During a meeting held under the chairmanship of Federal Minister for Planning, Development and Special Initiatives Asad Umar, the Power Division presented the design of CTBCM for consideration and review. The division also apprised the committee of its…
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The Nigerian National Petroleum Corporation has decided to focus its attention on condensates production to compensate for lost revenue from oil exports due to the country’s commitment to the OPEC+ production cut deal. Nigerian daily This Day quoted the managing director of the NNPC as laying out this plan, and noting a boost in condensates production should help push revenues…
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The U.S. Department of Commerce said on Thursday it had blacklisted China’s state-run oil company CNOOC for helping China intimidate neighbors in the South China Sea, threatening U.S. national security, in yet another move aimed at restricting market access for Chinese companies. CNOOC was added to the Entity List, a tool utilized by Commerce’s Bureau of Industry and Security (BIS)…
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Goldman Sachs has flipped on their bearish natural gas stance to a bullish one. Goldman’s Samantha Dart’s reasoning behind the view shift is due to a combination of factors including “supply disruptions, shipping delays, and strong LNG demand, supported by heavy nuclear maintenance in Japan and a cold start of the year in NE Asia, have significantly tightened the LNG…
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The Texas oil and gas industry paid a total of $13.9 billion in state and local taxes and state royalties in fiscal year 2020, the Texas Oil & Gas Association (TXOGA) said in its annual Energy & Economic Impact Report this week. The amount of taxes and royalties the state collected last year was lower than the record-high $16.3 billion…
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