The world’s seven largest advanced economies agreed on Friday to stop international financing of coal projects that emit carbon by the end of this year, and phase out such support for all fossil fuels, to meet globally agreed climate change targets. Stopping fossil fuel funding is seen as a major step the world can make to limit the rise in…
Read More
As Tata Power “goes big on renewable energy,” the firm seems optimistic about the exponential growth of the sector in the next four to five years. “Tata Power is going very big on renewables,” Praveer Sinha, managing director (MD) and chief executive officer (CEO) of Tata Power told CNBC-TV18 on May 25. Sinha is confident of the space become the…
Read More
The energy minister stamped the verdict the other day, what was becoming increasingly evident from the government’s tone. There will be no immediate notification of the already approved power quarterly tariff adjustments. The government has decided to wait for the existing Rs1.62 per unit adjustment to lapse with effect from October 2021, to bring in the new adjustments of Rs…
Read More
Federal Minister for Planning and Development Asad Umar said on Tuesday that the circular debt build up for the period of July-April this fiscal year has been reduced by Rs189 billion as compared to the previous year. “Circular debt build up jul-apr this fiscal year is 260 billion vs 449 billion same period last year, a reduction of 189 billion,”…
Read More
Pakistan Water and Power Development Authority (Wapda) is spending a hefty amount of over Rs100 billion in project areas for progress and prosperity of the local population. “In addition to stabilising the national economy by developing irrigated agriculture, mitigating devastating floods and injecting low-cost hydel electricity into the national grid, the authority plays a role in socio-economic development of people…
Read More
China Southern Power Grid Yunnan International is willing to cooperate in power grid and power infrastructure development in Pakistan in wake of investment opportunities offered under China-Pakistan Economic Corridor (CPEC) framework, said Chief Engineer, Zhang Yunhu. There are good examples for the cooperation in power sector mostly in power plants under CPEC flagship project. “For us, if we have opportunity…
Read More
Khyber Pakhtunkhwa Minister for Labour and culture Shaukat Yousafzai has said that process of diagnosis, registration and determination of the total number of TB workers in coal mines in Shangla district, in collaboration with the Health Department and Dopasi, has started. The event was formally inaugurated at the residence of Dr. Sharifullah Saqib. Insaf Doctors’ Forum Vice President of PTI…
Read More
Qatar’s recent announcement that it would build the world’s largest LNG production facility did not prompt any applause from other LNG producers. Now, the tiny Gulf nation is also cutting its prices and expanding into the spot market to retain its number-one position in LNG exports. This could result in the death of some planned U.S. LNG projects. U.S. liquefied…
Read More
A key selling point that made solar energy the fastest-growing power source in the world—rapidly decreasing costs—has hit a speed bump. Solar module prices have risen 18% since the start of the year after falling by 90% over the previous decade. The reversal, fueled by a quadrupling in the cost of the key raw material polysilicon, threatens to delay projects…
Read More
The Power Division has claimed to have saved consumers from a burden of around Rs170 billion due to removal of the ‘fairness and equity’ clause from an arbitration deal between K-Electric and state-run power utilities. Sources told The Express Tribune that the issue of arbitration deal between K-Electric and state-run entities – National Transmission & Despatch Company (NTDC) and Sui…
Read More
