ISLAMABAD: As the circular debt continues to plague the energy chain, the government plans to decentralise the power sector in order to incentivise devolved generation and distribution in future under the new National Electricity Policy 2021. According to a draft of the policy, all rules/regulations shall be made in a manner which shall ensure decentralisation of the power sector in order to…
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KARACHI: The country paid over $7 billion in external debt servicing for the first half of fiscal year 2020-21 (1HFY21) which looks significantly higher when compared with the foreign exchange reserves of the State Bank of Pakistan (SBP). The country paid $3.55bn in external debt servicing for the second quarter of the current fiscal (2QFY21) — slightly higher than first…
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ISLAMABAD: Having collected about Rs100 billion, the government has decided in principle to finally do away with Neelum-Jhelum surcharge, currently applied to all electricity consumers at the rate of 10 paisa per unit, after 13 years. A summary to this effect is expected to be approved by the Economic Coordination Committee (ECC) of the Cabinet in its meeting on Friday…
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THE broader dimension of China-Pakistan Economic Corridor (CPEC) is that it is a project of larger regional and political integration. Besides, CPEC provides economic prosperity for various regions of Asia, especially the economically deprived regions. Pakistan is a key state for the success of this project since it (CPEC) covers over 3000 kilometre area of Pakistani geopolocialitics. According to a…
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It is increasingly getting clear that RLNG has issues of irregular pricing and there are other supply chain issues like availability of infrastructure. In the wake of dwindling local gas production, the government of Pakistan is almost frantically looking for closing the demand-supply gap. It is trying to divert gas from captive power plants to other sectors, a move that…
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Punjab Minister for Energy Dr. Akhtar Malik has said that generation of low cost electricity from renewable energy sources is among top priorities of the provincial government.Dr. Akhtar Malik said that his department has set a target to reduce Punjab government’s annual electricity bill from Rs37 billion to zero. He said that the government schools, universities, jails, hospitals, and basic…
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Islamabad : Dr Ali Kemal, former Economic Policy Advisor, Federal SDGs Unit, Planning Commission, has said that repaying debt in Pakistan always was a pertinent issue for families. Dr Kemal was addressing a webinar and launch of a study ‘Household debt and indebtedness in Pakistan: estimates and implications’ organised by Sustainable Development Policy Institute (SDPI) in collaboration with Sustainable Energy…
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The energy crisis crippling Texas’s power system continued to spread, with nearly 5 million people across the U.S plunged into darkness as authorities fought to avoid a total collapse of the grid. Homes and businesses from North Dakota to Texas are losing power in the middle of an unprecedented deep freeze that has broken daily temperature records in hundreds of…
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As automakers like General Motors, Volkswagen and Ford Motor make bold promises about transitioning to an electrified, emission-free future, one thing is becoming obvious: They will need a lot of batteries. Demand for this indispensable component already outstrips supply, prompting a global gold rush that has investors, established companies and start-ups racing to develop the technology and build the factories needed to churn out millions…
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Ruichen Hong, a scholar of Green BRI Centre, has said that Dawood Wind Power Station not only can improve energy situation in Pakistan, but also brings benefits to the Pakistani society. Hong, in an interview, said many countries of the Belt and Road Initiative (BRI) were among the world’s major energy producing and consuming countries. Meanwhile, they are mostly developing…
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