ISLAMABAD – The financial close for 1263 MW re-gasified liquefied natural gas (RLNG) based Punjab Thermal Power Ltd (PTPL) has been achieved. Financial closing documents of the power project to be completed at the cost of $708 million were signed here Friday by Private Power and Infrastructure Board (PPIB) Managing Director Shah Jahan Mirza, and PTPL Chief Executive Officer Akhtar…
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Karachi (UrduPoint / Pakistan Point News – 23th April, 2021) Chairman of National Business Group of FPCCI, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and Former Provincial Minister Mian Zahid Hussain on Friday said the plan to burden electricity consumers with an additional Rs.1000 billion will distress them while adding to the inflation. Coronavirus has already…
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Energy firms and financial institutions have been eyeing LNG to power projects in Asia Pacific for some time but these projects have not materialised as anticipated. Of late, however, interest in developing these projects has resurfaced. What has changed in the past several years? What are the challenges and opportunities facing these projects? This article touches on the key points…
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Mining companies awarded blocks in Egypt’s Eastern Desert are set to start exploring for gold under a legislative overhaul that seeks eventually to unlock vast untapped mineral resources. Despite plentiful reserves and a rich mining history that gave rise to elaborate Pharaonic gold jewellery, Egypt has just one commercial gold mine in operation. Foreign investment in oil and gas has…
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ISLAMABAD: The Privatisation Commission (PC) is to propose to the Cabinet Committee on Privatisation (CCoP) to include provincial stakes in the management contracts of power Distribution companies (Discos) as envisaged in the sell-off process. According to Special Assistant to Prime Minister on Power and Petroleum, Tabish Gauhar, the issues of Hyderabad Electric Supply Company (Hesco) and Sukkur Electric Supply Company…
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ISLAMABAD: The Power Division Thursday notified Board of Directors (BoDs) of three more power Distribution Companies (Discos) after formal approval of the Cabinet. On April 13, 2021, the Power Division apprised the Cabinet that there were ten Distribution Companies (Discos) under the administrative control of Ministry of Energy (Power Division). These Discos are Public Sector Companies (PSC) as defined under…
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Operation began on Tuesday on the world’s largest solar powered hydrogen plant in China. The project, owned by Baofeng Energy Group, uses a 200-MW solar power plant located in northwest China’s Ningxia Hui Autonomous Region to electrolyze water to make hydrogen, which replaces coal.
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A visiting delegation of Chinese investors from Sichuan Province on Thursday expressed keen interest for investing in different sectors of Pakistan’s economy, particularly exploiting huge opportunities existing in power generation and mining sectors.https://www.facebook.com/v2.9/plugins/quote.php?app_id=106170627023&channel=https%3A%2F%2Fstaticxx.facebook.com%2Fx%2Fconnect%2Fxd_arbiter%2F%3Fversion%3D46%23cb%3Dfea469040a3b8%26domain%3Dnation.com.pk%26origin%3Dhttps%253A%252F%252Fnation.com.pk%252Ff38090fb1e2bb94%26relation%3Dparent.parent&container_width=779&href=https%3A%2F%2Fnation.com.pk%2F23-Apr-2021%2Fchinese-investors-keen-to-invest-in-mining-power-sectors&locale=en_US&sdk=joey The delegation visited Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and met with Chairman Haji Quran Ali and Coordinator Miza Abdul Rahman. Chinese investors expressed…
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The majority of the world’s governments have committed to the Paris Agreement. The majority of countries in the world are aiming to reach peak emissions as soon as possible and have set their eyes on carbon neutrality. But shipping’s place in the Paris Agreement’s global ambitions is complex. It is an international industry that isn’t easily included in national regulations.…
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The Cabinet Committee on Energy (CCOE) has endorsed and recommended the National Electricity Plan and Indicative Generation Capacity Expansion Plan (IGCEP) for presentation to the cabinet. The CCOE meeting was chaired by Federal Minister for Planning, Development and Special Initiatives Asad Umar in Islamabad on Thursday. The Power Division presented the summaries of the National Electricity Plan 2021 and IGCEP.…
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