To coincide with the pace of growth in the cement industry, Pakistan International Bulk Terminal (PIBT) has announced it plans to increase its coal-handling capacity at Port Qasim in Pakistan at a ‘marginal cost’ of up to US$70m over 2-3 years. The increase in demand for imported coal is primarily attributed to economic recovery driven by the relief measures taken…
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The Water and Power Development Authority (Wapda) says it recorded 8,854 megawatts of hydel power generation on Sunday night — the highest peak-hour hydel generation of the year so far, and 1,277MW more than the level achieved on the same day last year. The generation included 4,926MW by the Tarbela hydel power station, which is 38MW more than the installed…
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The Sui Southern Gas Company Ltd (SSGCL) on Monday announced that it will suspend gas supplies to all the CNG stations across Sindh and Balochistan from midnight Sept 14 for four days. The company said supplies to CNG stations will be restored from 8am (Sept 18). The decision to suspend gas supply to CNG outlets was taken due to dry-docking…
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The Cabinet Committee on Energy (CCoE) on Monday approved cheaper winter tariff for electricity consumers on incremental consumption and cleared a controversial payment of about Rs131 billion to 11 independent power producers (IPPs) of the 2002 power policy — barring Nishat Chunian. The meeting, presided over by Planning Minister Asad Umar, also cleared the Pakistan Oil Refining Policy, 2021, with…
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China released a plan on Thursday that sets out measures to develop its pumped hydro storage system by 2035, in an effort to boost renewable energy consumption and ensure stable grid operation. It aims to launch more than 62 gigawatts (GW) of pumped hydro storage in 2025 and 120 GW in 2030, while establishing globally competitive companies that use advanced…
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LONDON, Sept 8 (Reuters) – The Hydropower Sustainability Council (HSC) has launched an environmental, social and governance (ESG) performance standard to enhance transparency in the industry and give investors more confidence in backing new projects, it said on Thursday. Hydropower supplied one sixth of global electricity in 2020 but new projects have slowed, partly due to lengthy permitting processes, risks…
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The Water and Power Development Authority (Wapda) has reportedly allowed Power China to participate in its tenders despite terminating the contract of 128 MW Keyal Khwar Hydro Power Project (KKHPP). Official documents and informed sources revealed to Business Recorder that Wapda issued the civil works, ie, hydro steel works of 128 MW KKHPP to M/s Sinohydro – Hajvairy JV on August 28,…
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The Cabinet Committee on Energy (CCoE) will meet on Monday to discuss the $400m Automated Metering Infrastructure (AMI) project likely to be installed in Islamabad and Lahore. Pakistan has been paying millions of dollars in commitment charges for not using Asian Development Bank’s (ADB) funding for this project that includes a smart electricity meter grid with full communication and data…
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According to an announcement made by the company here on Sunday, Sui Northern Gas Pipelines Ltd (SNGPL) will endeavour to minimise gas disruptions to the extent possible during the dry docking period for its consumers. Moreover, a senior official added that a decision in respect of supply of gas on September 14 and 15 (dry docking period) will be conveyed…
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Banks continued making profits during the first half of 2021. They made profits not only on heavy investment in government debt securities but also on private sector credit. Banks’ net lending to the private sector in July-June 20-21 got a boost during the second half ie January-June 2021 — when extraordinary monetary easing (carried out during March-June 2020) and fiscal…
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