ISLAMABAD: The Water and Power Development Authority (Wapda) on Thursday awarded a $354.6 million worth of contract to Power Construction Corporation of China Ltd (PCCCL) for civil works of the 1,530MW Tarbela 5th Extension Hydropower Project after completion of an international competitive bidding process. The contract was signed by Project Director Tarbela 5th Extension Project Muhammad Azam Joya and PCCCL…
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Mumbai architecture firm NUDES has designed Solar Mountain, which could become a permanent installation on Burning Man’s 3,800-acre ranch in Nevada and produce 300 MWh of electricity annually. The design features an array of solar panels fanning out from a central spine. Construction is planned with modular design elements of recycled wood and other environmentally friendly materials. It would include…
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Malaysia’s state-owned Petroliam Nasional Bhd said on Friday it had signed its first liquefied natural gas (LNG) deal using a Canadian pricing indexation as basis. Petronas LNG sold a spot LNG cargo to a buyer in the Far East for August delivery using the Canada Alberta Energy Company (AECO) index, the company said. AECO is a Canadian natural gas price…
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Singapore — Singapore’s FueLNG — a joint venture between Keppel Offshore & Marine and Shell Eastern Petroleum — along with the Maritime and Port Authority of Singapore, has completed Singapore’s first ship-to-ship bunkering of an LNG-fueled oil tanker, marking another milestone in Singapore’s efforts to become an LNG bunkering hub. FueLNG completed the gas-up and cool down operation for the…
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Fitch Ratings- Hong Kong, an international sovereign rating agency, which is conducting Pakistan’s sovereign rating review exercise, has sought Pakistan’s viewpoints on China’s future role in bilateral financing. The rating agency has sought answers to over two dozen questions from different line Ministries to finalise its rating review exercise. The questions raised with Ministries are as follows: (i) Ministry of…
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Masdar and Taaleri Energia, which invests in utility-scale wind and solar assets, have agreed to develop a 65-megawatt (MW) solar photovoltaic (PV) project in Greece. The project will be managed through the companies’ joint venture Masdar-Taaleri Generation (MTG). The co-development was announced at a virtual signing ceremony, attended by Dionyssios Zois, Ambassador of the Hellenic Republic to the UAE, and…
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Coal confirmed its leadership as leading fuel for electricity generation also in 2020, accounting for 38% of overall production. • For the first time after 10 years of continuous growth, seaborne coal trade suffers a setback, reaching a volume of 1,157 million tons. • An increase in seaborne trade is forecast for 2022, driven by markets in Southeast Asia, where…
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Federal Minister for Privatisation Mohammad Mian Soomro chaired an inter-ministerial meeting in Islamabad to discuss and resolve issues regarding privatisation of energy sector entities Special Assistant to Prime Minister on Power and Petroleum Tabish Gohar, Privatisation Federal Secretary Hasan Nasir Jamy and other seniors of the ministry attended the meeting. NPPMCL Chief Executive Officer Dhanpat Kotak and the financial adviser…
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Federal Minister for Privatisation, Mohammedmian Soomro Thursday chaired an inter-ministerial meeting to discuss and resolve the issues regarding privatisation of energy sector entities. SAPM on Power and Petroleum Tabish Gohar, Federal Secretary Privatisation Hasan Nasir Jamy and other seniors of the ministry attended the meeting. The CEO NPPMCL Dhanpat Kotak and financial advisor participated via video link. Various issues relating…
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During the visit, the Prime Minister’s consultations with the Saudi leadership will cover all areas of bilateral cooperation including economic, trade, investment, energy, job opportunities for Pakistani workforce, and welfare of Pakistani Diaspora in the Kingdom. As Prime Minister Imran Khan is set on a three-day official visit to the Kingdom of Saudi Arabia, Pakistan is eyeing to grab KSA…
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