ISLAMABAD: The ruling Pakistan Tehreek-e-Insaf appears to be giving an NRO to the Independent Power Producers (IPPs) as the Centre seems to be ignoring the excess payments made to them, industry players and analysts said. According to reports, changes are being made in the Memorandum of Understanding (MoU) reportedly to favour the IPPs. The move comes at a time when…
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The National Electric Power Regulatory Authority (Nepra) on Monday approved a power tariff hike of Rs1.06 per unit on account of fuel charges adjustment (FCA) for October and November 2020. In a statement, Nepra said that the Central Power Purchasing Agency-Guarantee (CPPA-G) had requested a positive FCA of Rs0.5713 per unit to burden consumers with a total cost of Rs5.6…
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The National Electric Power Regulatory Authority (Nepra) has taken serious notice of the recent power blackout that plunged almost the entire country into darkness. The power regulator has decided to set up a high-powered committee of its top professionals. The committee will also comprise renowned protection engineers from the private sector, which will investigate the reasons and facts that led…
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Heads of seven industrial estates in Karachi held the government responsible for the ongoing gas crisis nationwide, saying it did not import sufficient fuel to bridge shortfall despite several alerts and availability of capacity for additional imports. Speaking at a press conference, Sui Southern Gas Company (SSGC) Deputy Managing Director Saeed Ahmed Larik, however, blamed non-export industries for the worsening…
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Technology transfer with easy and duty-free access to American markets is a must in a bid to achieve a quantum jump in bilateral trade and in this connection serious efforts are being made by both sides, said US Consul General in Lahore Catherine Rodriguez. Speaking at a Zoom meeting with Faisalabad Chamber of Commerce and Industry (FCCI) President Hafiz Ihtasham…
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The self-driving EV race is officially on. And as competition begins to pop up globally, joint ventures and partnerships are being struck almost daily as players from tech and legacy automotive rush to pair together in order to get products to the market as quickly as possible. The latest tie-up comes from Chinese EV manufacturer NIO, who announced it was partnering with…
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The year 2020 is already unforgettable in many ways. The Covid-19 pandemic brought the world to a standstill. With the economy on hold, energy consumption has plummeted including demand for LNG. The price of the supercooled fuel reached unprecedented lows in the spring of 2020. Within a year, however, the revitalization of the market is a fact. Prices in especially…
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ISLAMABAD: As many as five candidates, including one top former bureaucrat, are in the race for the position of Oil and Gas Regulatory Authority (Ogra) chairman. Initially, a special committee, headed by close aide of Prime Minister Imran Khan, had shortlisted 24 candidates. After interviewing these candidates, the committee has shortlisted five candidates including former secretary Dr Tanvir Qureshi. Officials…
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As the outlook for oil is uncertain for 2021, following a turbulent 2020, companies look toward new technologies and innovation to drive the industry forward. From Houston to Scotland, we are seeing more and more firms come up with innovative solutions for the digital transformation of oil; with some unexpected companies getting involved in the $3.3 trillion global energy industry.…
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With climate change and resource scarcity looming, the global green technology sector is leading the charge to create a cleaner energy future. Green technology (greentech) is a broad term for innovative companies that are working toward carbon-neutral solutions for a sustainable planet. In tandem with its historically hydrocarbon-powered economy, the UAE is now a pioneer in energy diversification, launching some…
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