A cabinet body on Thursday expressed its anger over lack of progress on the privatisation programme and directed the Ministry of Privatisation to submit timelines for outsourcing the management of power distribution companies. The Cabinet Committee on Privatisation (CCOP) was furious over the privatisation ministry’s lack of progress on its two-month-old instructions that called for beginning the process of outsourcing…
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ISLAMABAD: Prime Minister Imran Khan has assured Saudi business tycoon Abdulaziz Hamad Aljomaih – managing director-investments – Aljomaih Holdings – one of the largest business groups in Saudi Arabia – to expedite the resolution of K-Electric’s debt issues with other entities to facilitate a smooth transaction with the Chinese power generation firm – Shanghai Electric. Aljomaih is one of the…
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PESHAWAR: The Khyber Pakhtunkhwa government is planning to build two hydroelectric-powered pilot “mining farms” to capitalise on a bullish global cryptocurrency market, a minister overseeing a new government crypto policy told Reuters on Wednesday. The announcement comes as cryptocurrencies are gaining mainstream acceptance, with Bitcoin’s price reaching record levels as investors such as Elon Musk pour funds into it, and the first…
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UrduPoint / Pakistan Point News – 18th Mar, 2021 ) :Britain’s carbon dioxide emissions have halved from their 1990 level, taking the country half-way to its net-zero 2050 commitment, a study indicated Thursday. Carbon Brief said the 51 percent drop, which has largely been driven by a move away from coal for power generation, was hastened by a record 11 percent drop in greenhouse gas emissions…
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London, (APP – UrduPoint / Pakistan Point News – 18th Mar, 2021 ) :National Grid, which distributes energy to British homes and businesses, announced Thursday a multi-billion-pound shake-up of its electricity and gas assets as the UK transitions to cleaner fuels. The company has agreed to buy Britain’s largest electricity distribution business — Western Power Distribution — from US energy…
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The giant windfarms that line hills and coastlines are not the only way to harness the power of the wind, say green energy pioneers who plan to reinvent wind power by forgoing the need for turbine towers, blades – and even wind. “We are not against traditional windfarms,” says David Yáñez, the inventor of Vortex Bladeless. His six-person startup, based…
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When my fellow Pakistanis read this, the first question that may come to mind is why the minister for maritime affairs is writing an article on LNG. So, let’s start with that. My association with the PTI spans over two decades. I joined the struggle in 1999 and actively started participating in politics in 2002 when I contested the elections…
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ISLAMABAD: The government on Thursday allowed appointment of a transaction adviser to award management contracts to private sector for operating power distribution companies. The decision was taken during a meeting of the Cabinet Committee on Privatization presided over by Minister for Finance and Revenue Hafeez Shaikh. The privatisation division presented various proposals regarding award of management contracts for smooth running…
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karachi: A contract signed between the two parties will enable Packages Convertors Limited to save over 2600 tonnes of carbon emissions by using a customized commercial solar installation by Zero Carbon. The 3.12MW project will be producing approximately 4.2 million units of electricity each year. The complex installation will comprise of a special structure to be installed on shell type…
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ISLAMABAD: The government has ordered uninterrupted operations of two Punjab-based fertiliser plants — Agritech and Fatima Fertiliser — on domestic gas supply from Sui Northern Gas Pipelines Ltd (SNGPL) until November this year to ensure sufficient local fertiliser production. Also, the Petroleum Division and the SNGPL have been asked to charge late payment surcharge (LPS) on gas bills to these…
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