The press release added that the energy ministry submitted a summary of accrued interest with respect to the amount held in an escrow account in connection with the Reko Diq project dispute settlement. The statement highlighted that the federal and Balochistan government entered into an out-of-court dispute settlement with Tethyan Copper Company Pvt Limited with respect to the project. “In the light…
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The ongoing ‘default’ discussion is a favourite political and economic pastime. After the first decade since independence, Pakistan never got rid of a default threat. It will remain exposed to bankruptcy risk due to a continuously rising debt and the cost of servicing factor. It will remain dependent on external borrowing unless economy’s direction is not corrected. Pakistan’s financial condition…
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A team of the Oil and Gas Regulatory Authority’s (OGRA) Enforcement Directorate on Sunday stopped the illegal and dangerous activities of selling LPG in plastic shopping bags, taking place in parts of the provincial capital of Khyber Pakhtunkhwa – Peshawar. “OGRA team along with District Management visited different parts of Peshawar including Rati bazaar, Ashraf road and Khyber bazaar after…
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PVTIME – Recently, China’s National Experimental Platform for Photovoltaic and Energy Storage has announced the half-year empirical results of the Daqing Base, which is located in Datong District, Daqing City, Heilongjiang Province (124°E, 46°N), in the cold temperature zone. The MW-level array was established to study the impact of product selection and system design on power generation, and the periodic results…
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The BloombergNEF (BNEF) PV Module and Inverter Bankability report for 2022 has once again ranked LONGi as 100% bankable globally, based on the company’s financial stability and capacity. The ranking is based on BNEF’s annual survey of those involved in the global solar industry regarding PV module brands and new technologies. Survey responses were sought from banks, funding institutions, engineering…
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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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