Month: February 2021

Texas officials knew winter storms could leave the state’s power grid vulnerable, but they left the choice to prepare for harsh weather up to the power companies — many of which opted against the costly upgrades. That, plus a deregulated energy market largely isolated from the rest of the country’s power grid, left the state alone to deal with the…

This refers to the letter ‘Electrical vehicles in Pakistan?’ (Feb 17) by Ammar ul Hassan Chishty. The writer has raised a valid point. Our planners are in the habit of putting the cart before the horse. The government must fix the power sector before it considers spending billions of dollars on the import of electrical vehicles. Even today, we have…

KARACHI: As cement demand has seen an upsurge amid government’s support to the construction industry, another main player planned a new plant to enhance its production capacity by up to 10,000 tons a day by investing an estimated Rs30 billion, it was learnt on Wednesday. The board of directors of Kohat Cement Company approved setting up of 7,800 – 10,000…

The deep freeze will wreak havoc on oil and gas production for several days — if not weeks — according to industry experts, as companies deal with frozen equipment and a lack of power to run operations. Texas produces more oil and natural gas than any other state, and its operators, unlike those in North Dakota or Alaska, are not accustomed…

ISLAMABAD: In an unexpected development, the National Accountability Bureau (NAB) has swung into action and started staring down with ‘doubt’ at the conversion of MoUs into altered contracts, starting from signing of MoUs with 47 IPPs up to the signing of amended power purchase agreements (PPAs) to look for ‘any wrongdoing.’ And to this effect, the anti-graft body wrote a…