The Metro-BII Renewables joint venture aims to add 500 megawatts (MW) low-cost renewable power to Pakistan in the medium term, increasing jobs and expanding economic opportunities • The joint venture will mitigate Pakistan’s carbon emissions, cutting 728,000 tonnes of carbon dioxide per year for the planet • Investment aligns with CDC’s ambition to invest over £3 billion of climate finance…
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The Pakistan Engineering Council (PEC) has decided to play its due role to increase the liaison between the industries and the academia in the area of research being conducted in the universities in Pakistan. The decision to this effect was reached as the Pakistan Development Committee of PEC held its inaugural session at the council’s headquarters. Convener of the committee,…
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India is fast moving towards achieving the capacity to manipulate the water flows of Pakistani rivers as in a new development, it has finished not only the civil works but also almost completed the diversion tunnel for the Kiru hydropower project of 624MW the new one being erected on the Chenab River, but the sorry state of affairs is that…
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Ministry of Energy has refused to extend farmers any relief over high power bills, inflated primarily by exorbitant fuel price adjustment charge, saying it was NEPRA issue, The News learnt on Tuesday. “As far as fuel price adjustment is concerned, farmers will have to pay it as ministry of Energy has no control on fuel prices,” sources quoted Hammad Azhar,…
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Karachi Electric (KE) has claimed that it is still restricted to take 900 MW BQPS-III into commissioning phase due to non-availability of RLNG by Pakistan LNG Limited (PLL). In a letter to Secretary Petroleum, Ali Raza Bhutta, CEO KE, Syed Moonis Abdullah Alvi has said that RLNG supply has not yet started to the power utility despite a letter from…
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The Board of Public Procurement Regulatory Authority (PPRA) has exempted procurement of 27 LNG spot cargoes from applicability of PPRA Rules for six months (January 2022 to June, 2022) to be procured by Pakistan LNG Ltd (PPL), official sources told Business Recorder. This decision was taken at a meeting of the PPRA Board held on January 24, 2022, under the chairmanship…
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Finance Minister Shaukat Tarin on Monday reassured K-Electric’s investors of addressing the bottlenecks in the way of sale of the power utility’s majority shares to Shanghai Electric Power. A delegation comprising K-Electric’s board of directors representing Saudi Arabia’s Aljomaih Investments and other Middle Eastern firms met the finance minister. According to sources, the delegation gave a briefing on the company’s…
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The purpose of the IMF loan programme is to promote macroeconomic stability in Pakistan and fiscal and monetary policies should support the same vision, remarked International Monetary Fund (IMF) Country Representative for Pakistan Esther Perez Ruiz. Speaking at the Lahore Chamber of Commerce and Industry (LCCI) on Tuesday, she underlined that the aim of the IMF programme was to bring…
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The United States Mission to Pakistan has announced the expansion of interview waiver eligibility for Pakistani citizens renewing B1/B2 tourism and business visas at the U.S. Embassy in Islamabad and the U.S. Consulate General in Karachi. This procedural change will improve customer service and enable more efficient processing for the renewal of tourism and business visas for qualified and eligible…
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Talking to journalists on a visit to the project site in Mansehra, the officials of the Sukhi Kinari hydropower project said the project — being built on a BOOT [build, own, operate, and transfer] basis — would add 884-megawatt electricity to the national grid. According to the officials, 93 percent of work on tunnels, 80 percent on penstock, and 90…
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