BEIJING, March 17 (APP): Dynamic Engineering and Automation (DEA) has launched two Special Zones (SEZs) at Pir Phato, Thatta and Padshahan, Chakwal districts and concluded negotiations with Chinese investors and companies to establish manufacturing facilities, global service centers, R&D labs and sales centers with estimated investment of US $5 to $7 billion. A number of multi-billion Chinese companies have confirmed…
Read MoreYear: 2021
Louisiana oil and gas industry in danger after President Biden cancels 80-million-acre oil lease sale
This comes after President Joe Biden cancelled a March oil lease sale in the Gulf of Mexico. Nearly 80 million acres of available leases would have been sold this week. The damage to Louisiana’s oil and gas companies started in January when President Biden signed an executive order banning all new oil and gas leases on public land and waters…
Read MoreBiden’s Energy Agenda To Reduce Oil Production And Boost Prices
Joe Biden had a neat, nine-point plan for energy when he campaigned for president. He started putting this plan into action on his first day in the White House with the cancellation of the notorious Keystone XL pipeline and has since then continued with his tough stance on fossil fuels. The argument that this tough stance will, in fact, benefit…
Read MoreRegularization of services: HESCO’s contract employees hold protest rally
HYDERABAD: The contract employees of Hyderabad Electric Supply Company (HESCO) on Thursday staged a protest demonstration for regularization of services. HESCO employees led by Ali Gohar Chana, Shahid Jokhio, Shahid Jokhio, Zafar Jatoi and others took out rally opposite Hyderabad Press club for acceptance of their demand to regularize services as according to them, contract employees of Sukkur Electric Power…
Read MoreKE committed to ensure fresh industrial connections’
KARACHI: K-Electric is fully committed and engaged with industry stakeholders to ensure fresh electricity connections as well as load-enhancement for its industrial consumers. The power utility has prioritized its industrial customers and continues to do so following the recent decision of the Cabinet Committee on Energy (CCoE) to discontinue gas supply to captive power plants of non-export related industries. It…
Read MoreManagement issues caused countrywide breakdown: NTDC
ISLAMABAD: An inquiry committee of the National Transmission and Dispatch Company (NTDC) has identified governance, ownership problems and poor chain of command for countrywide power breakdown early this year, but has absolved its own team of any responsibility. In its report, the four-member inquiry committee also quoted letters written by some of its members for improvement of the electricity generation system…
Read MoreECC may stop payments to IPPs
SLAMABAD:The Economic Coordination Committee (ECC) is likely to approve the withholding of billions of rupees worth of payments to the independent power producers (IPPs) following an investigation launched by the National Accountability Bureau (NAB). The Inquiry Committee on Power has said that the IPPs had received excess payment of Rs1,000 billion. However, rather than demanding the return of payments, the…
Read MoreGovt set to raise power tariff by Rs3.9 per unit
ISLAMABAD: In another development, the government is all set to increase power tariff by Rs3.4-3.9 per unit under the head of FCA (Fuel Charges Adjustment) for the consumers utilising 300 units a month and private agriculture consumers. The Power Division (PD) to this effect has sent a summary to ECC that meets today (Wednesday), seeking approval of passing the net…
Read MoreCircular debt management plan gets CCoE’s nod
ISLAMABAD: The Cabinet Committee on Energy (CCoE) has approved the Circular Debt Management Plan (CDMP) 2021 to ensure effective management of the rising debt. Planning, Development and Special Initiatives Minister Asad Umar chaired the CCOE meeting on Monday. The meeting discussed the summary of the comprehensive CDMP, which covers the three-year period from the fiscal year 2020-21 to FY2022-23, describes mechanisms…
Read MoreGwadar port a gateway to the shortest, economical route for Central Asia
Gwadar port of Pakistan is a gateway to the shortest and more economical route to the landlocked Central Asian Republics (CARs). The trade from Gwadar port to CARs will reduce the distance to 50 percent as compared to the distance from Iran, and freight charges less by around 30 percent. The increased trade activities with CARs will generate more jobs,…
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