South Africa is in the midst of an energy crisis, despite its significant oil, gas, and renewable energy potential. This is mainly due to a prolonged economic crisis and poor management of the state-owned utility. Instability in the country’s energy industry has meant that new developments have been shrouded in uncertainty, with the hope that they will eventually boost South…
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Pakistan is making efforts to find a new energy alliance to ensure an uninterrupted energy supply to households and industries, Geo-Politik reported. Pakistan is trying to diversify its energy sources for tackling the energy crisis. A delegation of Pakistani ministers, including the Minister of State (Petroleum Division) Musadik Masood Malik travelled to Kazakhstan from November 8-11. During the visit, Pakistani…
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A Panel of Experts (PoEs) in their interim report has identified eight causes of the collapse of 969-MW Neelum Jhelum Hydropower Project (NJHPP) tunnel. This was revealed by the Chief Executive Officer (CEPO), NJHPP, Muhammad Arfan, while briefing Senate Standing Committee on Power headed by Senator Saifullah Abro. The CEO apprised the Committee in detail that it is a government…
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For better or for worse, the 2022 United Nations Climate Change Conference in Sharm el-Sheikh, Egypt may be the most important iteration of the annual United Nations huddle since 2015 and Paris. Depending on how one sees it, COP 27 – the official abbreviation for the event with COP standing for Conference of the Parties – resulted in either the…
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The Economic Coordination Committee (ECC) of the cabinet has approved sooner beginning of the work on the Reko Diq mining project, ARY News reported on Sunday. Finance Minister Ishaq Dar chaired the ECC session by video link, which approved two agenda items with regard to the Reko Diq gold and copper mining project in Balochistan. Federal Ministry of Finance has…
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The Federal Minister for Energy (Power Division), Khurram Dastgir Khan on Saturday lay the foundation stone of two mega grid stations worth Rs 24 billion in Lahore and Sheikhupura. “The government is focusing on the production of cheap electricity from indigenous resources like Thar coal, wind, solar and hydel,” he said, announcing that, “2000 MW of cheap power from Thar…
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Market experts disagreed with JPMorgan, a leading global financial institution that penciled in an interest rate hike of 400 basis points by the end of fiscal year 2023 (June 30), arguing that pressure on Pakistan’s economy stemming from inflation and external factors would subside in coming months. JPMorgan, in its ‘Asia Pacific Economic Research’ on December 5, 2022, had said…
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The State Bank of Pakistan (SBP) is out of dollars. We must bring back the IMF. Pakistan’s access to global capital markets has shut down (read: no one is ready to lend us more dollars). We must bring back the IMF. Our government has no control over its stream of expenditures. We must bring back the IMF. Our power sector…
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The oil tankers association staged a protest on Saturday near Bilawal House — the residence of ruling party PPP’s top leadership — in Karachi’s Clifton area against the alleged kidnapping of their colleague, officials said. According to SSP South Syed Asad Raza, Imran Afridi had recently traveled from Peshawar to Karachi. “He was honey-trapped into purchasing an excavator for which…
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