February 7, 2021 -

Herd immunity against Covid-19 may not be achieved without vaccinating children

February 7, 2021April 29, 2023 Admin

Leading infectious diseases’ experts and vaccinologists have warned that herd immunity against the coronavirus cannot be achieved globally without vaccinating children, arguing that vaccinating the adults may prevent mortality, but the transmissibility of the virus would continue in the unvaccinated populations, especially children. They said studies to vaccinate children are underway although these studies started very late. They made it…

Resolution of dispute over receivables, payables: K-Electric surrenders principle of reciprocity, int’l arbitration

February 7, 2021April 29, 2023 Admin

ISLAMABAD: In a goodwill gesture, the top management of K-Electric has withdrawn its main conditions of Principle of Reciprocity and arbitration through the London Court from its draft terms of reference (ToRs) to resolve once for all the decade old disputes over receivables and payables between the KE and the government entities. The shareholders of K-Electric from Kuwait, Dubai and…

With rise in power tariff, circular debt on the decline

February 7, 2021April 29, 2023 Admin

ISLAMABAD: The Cabinet Committee on Energy (CCOE) that met here on Thursday noted that the projected circular debt accumulation is on the decline as the circular debt flow in FY 2020-21 is now projected to be around Rs 440 billion compared to Rs 538 billion in the last fiscal year, primarily due to better DISCOs performance, lower unbudgeted subsidies and…

Petrol prices: The new headache

February 7, 2021April 29, 2023 Admin

It is that time of the year again. Petrol bomb is all over the news. People have apparently been hit by the bomb for the fifth consecutive fortnight. The price notifications are being rejected left, right, and center. Those at the helm are finding other silver linings to tweet about. It is hard to fathom that a phenomenon as simple…

Black oil back

February 7, 2021April 30, 2023 Admin

The power generation mix has been made to shift away from furnace oil as coal and RLNG sources were added to the mix over the last few years. The share of furnace oil in power generation fell from 7.4 percent in FY19 to 3.4 percent in FY20; and the same fell from 5 percent in CY19 to 4 percent in…

Diamer-Bhasha dam to change fortune’

February 7, 2021April 30, 2023 Admin

LAHORE: Diamer-Bhasha Dam will change the fortune of country, particularly of Gilgit-Baltistan (G-B), remarked Water and Power Development Authority (Wapda) Chairman Muzammil Hussain. In a meeting with G-B Chief Minister Muhammad Khalid Khursheed on Thursday, he praised continued support of the region for building the massive dam. Matters pertaining to hydro development in the region and confidence-building measures (CBMs) undertaken by…

CCoE delays Rs399bn payment to IPPs

February 7, 2021April 30, 2023 Admin

ISLAMABAD: The Cabinet Committee on Energy (CCoE) on Thursday did not approve payment of Rs399 billion to independent power producers to let all the members satisfy their conscience in three days if the finalised deals are prudent and no wrong decision is being imposed. Presided over by Minister for Planning and Development Asad Umar, the committee also desired that sponsors…

PSO seeks first spot LNG in three years

February 7, 2021April 30, 2023 Admin

SINGAPORE: Pakistan State Oil (PSO) is seeking a liquefied natural gas (LNG) cargo for delivery in April through a tender after a five-year contract with commodity trader Gunvor expired in December, three industry sources told Reuters. If awarded, this will be the state-owned company’s first spot purchase in about three years, two of the sources said. PSO last sought spot…

Punjab plans 5,000MW power generation by 2024

February 7, 2021April 30, 2023 Admin

LAHORE: In a bid to cut down reliance on the national grid, Punjab plans to generate over 5,000MW electricity — including 300MW through launch of several small hydropower projects — under short, medium and long-term strategies by 2024. The province has also floated tenders to launch construction of 12 mini hydropower projects before June this year, Dawn has learnt. “Save electricity for…

Vitol offers lowest bid for April delivery

February 7, 2021April 30, 2023 Admin

ISLAMABAD: As the international market continued its downward journey, state-run Pakistan LNG Limited (PLL) has received cheaper bids for two cargoes of liquefied natural gas (LNG) for deliveries in April. The PLL on Friday said Vitol Bahrain offered the lowest bids of 1.0522 per cent and 10.88933pc of Brent Crude Price for April 5-6 and April 19-20 delivery windows, respectively.…