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 MoreYear: 2021
Will The World’s Largest Oil Region Become A Hydrogen Hub?
The biggest oil-exporting region in the world, the Middle East, has set its sights on becoming a major clean energy exporter of green hydrogen. The largest oil producers in the Arab Gulf have jumped on the hydrogen bandwagon — especially its so-called green variety produced from water electrolysis using electricity from solar or wind — as it gains momentum with…
Read MoreKoto hydropower project to be completed by Dec
About 90 per cent work on the under-construction Koto hydropower project (Koto-HPP) has been done and it will be completed by December this year, said assistant project director while briefing a team of the district administration. The team, including deputy commissioner Aun Haider Gondal, Timergara assistant commissioner Tahir Ali and other officials, visited the project site here the other day.…
Read MoreTwo ex-PIA chairmen, former CEO booked for causing loss of Rs1.25 billion
The Federal Investigation Agency (FIA) on Monday registered a case against two former chairmen of Pakistan International Airlines (PIA), a former acting CEO, and arrested a former director of the national airline on charges of causing losses of over Rs1 billion to the exchequer. FIA Sindh Director Amir Farooqi told Dawn the investigative body had registered a case against PIA…
Read More300MW hydropower plant: $300m loan agreement inked with ADB
The Asian Development Bank (ADB) and the government of Pakistan on Friday signed a $300 million loan agreement to finance the construction of a 300-megawatt hydropower plant in Balakot, Khyber-Pakhtunkhwa. The ADB Acting Country Director, Cleo Kawawaki, and Ministry of Economic Affairs Division Secretary Noor Ahmed signed the loan agreement for the project, which was approved by the ADB on…
Read MorePakistan launches new airline to boost tourism
To boost tourism, the Civil Aviation Authority (CAA) on Saturday issued TPRI (Tourism Promotion and Regional Integration) license to a newly launched private airline named North Air. As per details, the privately launched new airline is planned to operate flights for Gilgit, Skardu, Chitral and Gwadar. Initially, the airline will operate flights between Islamabad-Gilgit, Islamabad-Skardu, Islamabad-Chitral and Islamabad-Gwadar. The head…
Read MoreWAPDA highly dependent on govt extraordinary support: Moody’s
Moody’s said that the BCA of b3 reflects WAPDA’s dominant position in supplying hydropower and developing water resource infrastructure in the nation, and the recurring financial support from the Pakistani government, which is closely linked to the government’s fiscal budget. Moody’s Investment Service (Moody’s) has assigned a B3 corporate family rating to Pakistan’s Water and Power Development Authority (WAPDA). Moody’s…
Read MoreLNG Kingpin Pursues More Aggressive Strategy
The world’s top exporter of liquefied natural gas is ramping up production dramatically and undercutting competitors in a bid to squeeze them out the market. Qatar is dropping prices and pushing ahead with a $29 billion project to boost its exports of the fuel by more than 50%, stymieing the prospects of new plants elsewhere. It’s also established a trading…
Read MoreBiden’s Plan In U.S. Likely To Encourage Middle East To Be Net Renewables Exporter
The Biden Administration’s ambitious plans to scale up renewable energy in the U.S. will have a wider impact on the energy landscape in the middle East, especially in the Arabian Gulf, according to the top official of a global body, experts and major industry players in the region. Talking to Emirates news Agency (WAM) about Biden’s plan to make the…
Read MoreMuhammad Ayub Takes Over Charge Of MD NTDC
Ministry of Energy (Power Division) has appointed Engr. Muhammad Ayub as Managing Director National Transmission and Despatch Company (NTDC) as stopgap arrangement. The board of Director NTDC has recently promoted him as Deputy Managing Director Planning and Engineering (P&E), said a press release. The spokesman of NTDC has said that Engr. Muhammad Ayub did his Master of Engineering (Power System)…
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