Day: March 17, 2021

It is vital to rethink electrification strategy in the merged areas beyond Tribal Electricity Supply Company (TESCO) grid-connected operations and to help erect a vibrant, fair, and equitable market for a distributive generation that can supplement grid electricity, a study by the UNDP’s Merged Areas Governance Project (MAGP) suggests. Merged Areas Electrification Diagnostic Study was launched in an event held in Islamabad by the United Nations Development Programme (UNDP) entitled ‘A dialogue on Rethinking Electrification in the Merged Areas. The event was joined by the senior government officials from concerned…

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Punjab government has a plan to shift all public sector electricity connections on solar energy in near future to promote clean and green energy vision of Prime Minister Imran Khan in the country. Official sources told APP here Tuesday that the provincial government had shifted 10,500 government schools on solar energy and now all the basic health units were being switched to solar energy in next stage. They said that the Punjab government has also a plan to shift all public sector universities on solar system besides converting all public…

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The S&P Global Platts assessed daily LNG tanker charter rates have dropped to an all-time low of $25,000/d for an Atlantic Basin tanker just two months after touching an all-time high of $300,000/d in January. The effective round-trip cost for an Atlantic Basin spot charter is now just $15,625/d, given that the ballast charge has also declined to around 25%. o put this in perspective, the previous low for Atlantic Basin charter rates was assessed last summer during the peak of US LNG cancellations, where the effective round-trip cost dropped…

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BEIJING, March 17 (APP): Dynamic Engineering and Automation (DEA) has launched two Special Zones (SEZs) at Pir Phato, Thatta and Padshahan, Chakwal districts and concluded negotiations with Chinese investors and companies to establish manufacturing facilities, global service centers, R&D labs and sales centers with estimated investment of US $5 to $7 billion. A number of multi-billion Chinese companies have confirmed their investment plans in the two SEZs which have been launched in an effort to promote Foreign Direct Investment (FDI) in line with the vision of Prime Minister Imran Khan,…

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