PESHAWAR: In an important development for the country’s energy sector, the Khyber Pakhtunkhwa government has signed a contract agreement for the construction of 300-megawatt Balakot Hydropower Project with a Chinese company. As per details, the 300MW power project would be constructed with an estimated cost of Rs850 billion in a period of six years with financial assistance from the Asian Development…
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ISLAMABAD: Pakistan auto parts industry has urged the government to review Electric Vehicle (EV) policy owing to severe implementation gaps, Munir Bana, Chief Executive of Loads Limited, a leading auto parts manufacturer said on Wednesday. While arguing for the review of EV policy, he said that as per Pakistan’s economic survey, Pakistan electricity production is still 58.4 percent dependent on…
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KARACHI: The inaugural ceremony of the solar power generation project at the University of Karachi held at the Arts Auditorium of the institution , ARY News reported on Wednesday. Sindh’s Law and Environment Adviser Barrister Murtaza Wahab reached the university to attend the ceremony. The solar power generation system will save precious funds of the university being spent to pay…
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ISLAMABAD-The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved to revise upwards the margins of oil marketing companies (OMCs) and dealers on petroleum products, which would increase the oil prices in the country. Petroleum Division updated the ECC about the recommendations firmed up by a sub-committee established in line with the earlier decision of the ECC dated Jan…
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Mr. Babar spoke about the global inequalities prevalent among nations in the economic, technological and energy consumption space. He said that technology has tremendously enhanced the production, conversion and usage efficiencies in the energy sector and that it will continue to transform the ways in which energy is produced and utilized. “World is moving away from fossil fuels to clean…
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The LPG production from Jamshoro Joint Venture Limited (JJVL) has hit a snag pushing the country towards more imports and a loss to Sui Southern Gas Company Limited (SSGCL). The extension of the contract between Jamshoro Joint Venture Limited (JJVL) and Sui Southern Gas Company (SSGC) has been pending legal opinion before Law Division since August 21, 2020. On a proposal by…
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KARACHI:Pakistan is almost half a century behind the world in transforming its energy sales from a state-controlled pricing mechanism to a market-based competitive pricing system, which is a must to make energy supply cheaper and affordable for the nation. Energy – power, oil, gas and coal – producers and importers will have to change their mindset. They have to forget…
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ISLAMABAD: The Port Qasim Authority (PQA) is likely to challenge the general sales tax (GST) levied by the Sindh government on the channel development cess (CDC) collected from liquefied natural gas (LNG) carrying vessels. The previous government had imposed the cess in a bid to finance the widening of a water channel for LNG ships. PQA has collected CDC worth $47.5…
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ISLAMABAD:Liquefied petroleum gas (LPG) production by Jamshoro Joint Venture Limited (JJVL) has hit a snag, pushing the country towards more imports. Legal opinion on extension in a contract between JJVL and Sui Southern Gas Company (SSGC) has been pending before the Law Division since August 21, 2020. On a proposal of the Petroleum Division, the Economic Coordination Committee (ECC) took…
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ISLAMABAD: The Ministry of Industries and Production (MoIP) expects that the new mobile phone manufacturing industry could be larger than the existing automotive industry in the coming years due to high demand and expansion in coverage areas across the country, the Engineering Development Board (EDB) said on Wednesday. In its report, the EDB — which is a technical arm of…
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