ISLAMABAD: A meeting of the Cabinet Committee on Energy (CCOE) was held under the chairmanship of Federal Minister for Planning, Development and Special Initiatives Asad Umar here in Islamabad on Thursday. The meeting was informed that the proposed policy was aimed at ensuring universal access of electricity through a self-sustainable power sector, developed and premised on optimal utilization of indigenous…
Read More
QUETTA: Balochistan Governor Amanullah Khan Yasinzai on Thursday reviewed a proposal about establishing a mines and minerals university in the Nokundi area of Chagai district. Official sources said that Industry Secretary Abdul Majid and other officials concerned briefed the governor about the plan. Governor Yasinzai, who is chancellor of the eight public sector universities in the province, said since Balochistan…
Read More
Parameters of carbon monoxide and particulate toxic matters were exceeding the prescribed limits of the provincial environmental quality standards during the soya bean and pet-coke handling at the Karachi port in February last year when 17 people died in the Keamari area and hundreds of others were affected. This was stated by the Sindh Environmental Protection Agency (Sepa) on Thursday…
Read More
The company posted a decline of 38.2 percent in earnings, as against the profit of Rs3.4 million and EPS of Rs10.51 in 2019, primarily due to subdued demand and lower sales. Company’s sales revenues clocked in at Rs8.09 million in 2020, down 38.7 percent compared with the revenues of Rs13.2 million in the corresponding year. Engro Powergen also announced final…
Read More
DUBAI: United Arab Emirates energy firm Dana Gas said on Thursday it posted a 2020 net loss of $376 million compared to a net profit of $157 million the year prior. “Following the sharp decline in oil prices and associated negative effects as a result of the COVID-19 pandemic, the group recognised a non cash impairment of $244 million (AED…
Read More
LAHORE: The zero-rated sector sought an increase in grid ceiling from 5MW to 6.5 MW for B3 Industrial Consumers as it would help boosting up exports, augmenting foreign exchange earnings and creating additional employment opportunities, said Power Division sources. They said the request for increase in grid ceiling has been made in the backdrop of Jan 21 decision of Cabinet…
Read More
LONDON: Global market regulators have thrown their weight behind plans for a new international standards body for company disclosures on climate risks and sustainability, saying it would cut the scope for so-called greenwashing. The current patchwork of voluntary public and private initiatives for disclosures has at times given misleading and inconsistent information to investors, said Ashley Alder, chair of the International Organisation…
Read More
The prerogative to conduct forensic audit of the Independent Power Plants (IPPs) rests with the government, said the Power Division, adding under no circumstances it gave up on any of its right during lengthy negotiations towards a reaching a final agreement with them. In a recent meeting, Cabinet Committee on Energy (CCoE) Chairman Asad Umar sought clarification whether any right…
Read More
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Thursday allowed another 83-paisa per unit (kWh) increase in electricity rates of Distribution Companies (Discos) of ex-Wapda under quarterly tariff adjustment (QTA) mechanism to generate over Rs84 billion to the bleeding power sector. This comes a day after the power regulator notified about Rs1.54 per unit increase in power rates for…
Read More
