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…
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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%.…
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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…
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This comes after President Joe Biden cancelled a March oil lease sale in the Gulf of Mexico. Nearly 80 million acres of available leases would have been sold this week. The damage to Louisiana’s oil and gas companies started in January when President Biden signed an executive order banning all new oil and gas leases on public land and waters…
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Joe Biden had a neat, nine-point plan for energy when he campaigned for president. He started putting this plan into action on his first day in the White House with the cancellation of the notorious Keystone XL pipeline and has since then continued with his tough stance on fossil fuels. The argument that this tough stance will, in fact, benefit…
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HYDERABAD: The contract employees of Hyderabad Electric Supply Company (HESCO) on Thursday staged a protest demonstration for regularization of services. HESCO employees led by Ali Gohar Chana, Shahid Jokhio, Shahid Jokhio, Zafar Jatoi and others took out rally opposite Hyderabad Press club for acceptance of their demand to regularize services as according to them, contract employees of Sukkur Electric Power…
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KARACHI: K-Electric is fully committed and engaged with industry stakeholders to ensure fresh electricity connections as well as load-enhancement for its industrial consumers. The power utility has prioritized its industrial customers and continues to do so following the recent decision of the Cabinet Committee on Energy (CCoE) to discontinue gas supply to captive power plants of non-export related industries. It…
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ISLAMABAD: An inquiry committee of the National Transmission and Dispatch Company (NTDC) has identified governance, ownership problems and poor chain of command for countrywide power breakdown early this year, but has absolved its own team of any responsibility. In its report, the four-member inquiry committee also quoted letters written by some of its members for improvement of the electricity generation system…
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SLAMABAD:The Economic Coordination Committee (ECC) is likely to approve the withholding of billions of rupees worth of payments to the independent power producers (IPPs) following an investigation launched by the National Accountability Bureau (NAB). The Inquiry Committee on Power has said that the IPPs had received excess payment of Rs1,000 billion. However, rather than demanding the return of payments, the…
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ISLAMABAD: In another development, the government is all set to increase power tariff by Rs3.4-3.9 per unit under the head of FCA (Fuel Charges Adjustment) for the consumers utilising 300 units a month and private agriculture consumers. The Power Division (PD) to this effect has sent a summary to ECC that meets today (Wednesday), seeking approval of passing the net…
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