ISLAMABAD: In a new development, the National Accountability Bureau (NAB) has written a letter to the Power Division saying that the government has the full authority to execute their altered agreements with 47 IPPs in a bid to provide relief to those officials who are hesitant to implement the new agreements because of fears of possible action against them in…
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Pakistan’s ongoing battle with electricity is one that the country just can’t seem to overcome. The alarming rate of transmission, distribution losses, power theft and the resulting load shedding is one that has left the country in a constant state of grief for decades. More alarming is the estimated Rs 53 billion worth of power theft in Pakistan in 2018…
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Russian experts, on the request of Sindh Chief Minister Syed Murad Ali Shah, have agreed to submit their proposals for modernisation of Pakistan Steel Mills (PSM) for which a study visit would be conducted. This was emerged on Tuesday when a Russian delegation, led by its adviser Andrey Zubal, called on the Sindh CM and discussed matters of mutual interest,…
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Though the Federal Investigation Agency (FIA) is probing the oil crisis of last year, shortage of petrol and jet fuel may once again be looming in the country as stocks have plummeted to the lowest levels. The country has average storage capacity for 73 days. However, oil marketing companies were maintaining stocks for an average of 15 days as on…
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On the morning of March 23, the world was shaken by the unfortunate news of the Suez Canal being blocked. At 07.40 local time, the Ever Given ran aground when strong winds blew it off course. The importance of the Suez Canal to global shipping can hardly be underestimated. Pundits were quick to point out the blockade’s effect on global…
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The European natural gas market is helping drive U.S. export demand. Prices on the continent closed higher last week. The Dutch Title Transfer Facility finished at $6.620/MMBtu and the UK’s National Balancing Point settled at $6.531 ahead of the Good Friday holiday. European markets were closed for Easter Monday, but colder weather late last week along with strong natural gas…
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The oil and gas industry’s history of responding to the climate crisis is a tall-tale of big promises without action: first it funded the denial of climate science then acknowledged the same science once public opinion shifted. Today companies are now making voluntary commitments to reduce pollution, supporting rules in the abstract, or supporting inadequate rules with strings attached. What…
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When the power went out for Marsha Hendler on Feb. 15, she rushed to her downtown San Antonio office to ride out the winter storm. Thankful to find the electricity and heat still on, she typed out an email to the elected officials who regulate her small, independent oil and gas company. “I strongly urge you to make public statements,…
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Karachi, 06th April 2021: In a ceremony held at a local hotel, K-Electric inaugurated its 71st grid station. Set up with state-of-the-art equipment provided by long-time technology partner, Siemens Pakistan, the Mehmoodabad Grid Station is one of the power utility’s few grid stations that can be remotely managed from the KE Load Dispatch Centre. The Honorable Consul General of Germany to Karachi, Mr. Holger…
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Islamabad: Pakistan government has launched mobile vaccination service to get the coronavirus vaccine to under served communities and ramp up vaccination amid the spike in cases. The mobile coronavirus unit aims to reach some of the country’s most vulnerable residents, particularly senior citizens above 80 years of age and people with disabilities, directly in their homes. The service is initially…
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