SAF, SF to collaborate in peoples’ welfare projects across country

The Shahid Afridi Foundation (SAF) and Sarwar Foundation (SF) signed a Memorandum of Understanding  (MoU) for collaboration in health, education, provision of clean drinking water & Hepatitis Free Punjab campaign.  Governor Punjab Chaudhry Mohammad Sarwar was also present on the occasion. According to details, an MoU signing ceremony was held on Wednesday at the Central Secretariat of Sarwar Foundation at…

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Govt urged to facilitate KE deal with Shanghai Electric

ISLAMABAD: Saudi Arabia’s Al-Jomaiah Group on Wednesday sought early resolution of payables and receivables of K-Electric (KE) and urged the government and public sector entities to facilitate the power utility’s takeover by China’s Shanghai Electric Ltd. A press statement issued by KE said that Aljomaih Holdings’ Managing Director Investments Abdulaziz Hamad Aljomaih hoped that the government of Pakistan would expedite…

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CPPA seeks fee hike

KARACHI: Central Power Purchasing Agency (CPPA) has approached the National Electric Power Regulatory Authority (NEPRA) seeking 54.8 percent increase in market operator fee to Rs3.002kwh/month for the fiscal year 2020-21. CPPA in its petition noted the agency’s revenue requirements for FY2020-21 were estimated at Rs853.61 million compared with Rs601.81 in the last fiscal year. In order to meet with the…

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Pakistan- Solar power can fix chronic electricity outages in merged areas: study

It is vital to rethink electrification strategy in the merged areas beyond Tribal Electricity Supply Company (TESCO) grid-connected operations and to help erect a vibrant, fair, and equitable market for a distributive generation that can supplement grid electricity, a study by the UNDP’s Merged Areas Governance Project (MAGP) suggests. Merged Areas Electrification Diagnostic Study was launched in an event held…

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Punjab govt plans to convert all public sector power connections on solar energy

Punjab government has a plan to shift all public sector electricity connections on solar energy in near future to promote clean and green energy vision of Prime Minister Imran Khan in the country. Official sources told APP here Tuesday that the provincial government had shifted 10,500 government schools on solar energy and now all the basic health units were being…

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LNG charter rates drop to record lows, support strong US LNG dispatches this spring

The S&P Global Platts assessed daily LNG tanker charter rates have dropped to an all-time low of $25,000/d for an Atlantic Basin tanker just two months after touching an all-time high of $300,000/d in January. The effective round-trip cost for an Atlantic Basin spot charter is now just $15,625/d, given that the ballast charge has also declined to around 25%.…

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