This is the third resignation by technocrats in the energy sector in a row since the PTI government assumed power. Tabish Gauhar had earlier tendered resignation and went to Dubai in protest because of meddling into the power sector affairs by the-then SAPM on Petroleum Nadeem Babar, but he came back on the intervention of the prime minister on January…
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The commission board has given two minimum floor rates to the Cabinet Committee on Privatisation (CCOP) for taking a decision, said an official of the privatisation ministry after the meeting. It has recommended setting the minimum price at Rs22.3 per share by giving a 7.5% discount on the three-month weighted average price of PRCL. The second option is that the…
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Pakistan hit an all-time high power production level at 16,078 Gigawatt hours (GWh) in a month in August on the back of strong demand for energy from industries amid expansion and households adding appliances and gadgets in their daily usage. The growth in electricity generation is in line with the government’s policy to make maximum utilisation of the surplus power…
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The CPPA said Discos had charged consumers a reference fuel tariff of Rs4.73 per unit in August while actual fuel cost turned out to be Rs6.805 per unit, hence the additional fuel cost of Rs2.07 per unit should be charged to consumers in coming month. Interestingly, the major contribution of almost 35pc power supply came from hydropower resources at no…
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With some subdued downward risks, Fitch Solutions on Monday forecast Pakistan’s economic growth at 4.2 per cent — against the government’s target of 4.8pc — in the current fiscal year (FY22) owing to supportive monetary and fiscal conditions and improving vaccination rates. The report by Fitch Solutions — which offers financial information services — noted that net exports would contribute…
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Pakistan LNG Limited (PLL) has allowed the private sector to import LNG for the month of November 2021 by using its underutilised capacity amid the forecast that the LNG rates in the international open market for the said month will stand at $27.75 per mmbtu. The private sector companies term the move of the PLL tricky, arguing when the LNG…
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India aims to develop 450 GW of renewable energy by 2030. In reaching the target, India and Denmark now launch a joint Centre of Excellence for Offshore Wind and Renewable Energy. In the coming decades, India is expected to become one of the largest markets for renewable energy. The country has an ambitious target of reaching 450 GW in 2030…
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The National Assembly Standing Committee on Power has directed the Ministry of Energy (Power) to negotiate power tariff concessions with the independent power producers (IPPs), as the Ministry has admitted that the power companies intentionally delayed the electricity billing during the Eid-ul-Adha and Moharram holidays, causing overbilling to electricity consumers of all distribution companies across the country. The whole world…
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Blinken, as usual defended the Biden administration’s handling of Afghanistan before the Senate Foreign Relations Committee. Most of the Republican and Democrat lawmakers blamed the chaos and worse law and order situation following the US withdrawal from Afghanistan last month on President Biden. While both Republicans and Democrats also targeted Pakistan for its assumed support to the Taliban during the…
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The government of Pakistan is planning to build solar plants on top of canals spread across the region of Punjab, which hosts several canal irrigation systems. The Punjab Power Development Board (PPDB) is currently seeking consultants to conduct a feasibility study for the deployment of solar plants on canals spread across the Gujranwala division, which is an administrative division in…
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