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Nestlé Pakistan’s ‘Creating Shared Value’ report highlights sustainability efforts

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nestle-pakistan

Renewable energy and sustainable plastics for a sustainable tomorrow LAHORE: Building on its strong foundation, Nestlé Pakistan published its 2023 Creating Shared Value (CSV) Report, ‘Powering a Sustainable Tomorrow’ highlighting its commitments on climate action, sustainable plastics, regenerative agriculture, renewable energy and water regeneration, in line with the United Nations Sustainable Development Goals (UN SDGs). Highlighting Nestlé’s efforts, Jason Avanceña,…

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OGRA Chief: Government Plans Phased Deregulation of Fuel Prices

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OGRA

Mansoor Khan, Chairman of the Oil and Gas Regulatory Authority (OGRA), announced that the government intends to deregulate petroleum prices in phases, with a collaborative approach involving all stakeholders. This decision comes in response to ongoing discussions regarding the deregulation of High-Speed Diesel (HSD) and petrol, addressing concerns and seeking consensus across the oil industry. Speaking at OGRA’s headquarters in…

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Power Distribution Companies Seek Nepra’s Approval for Rs51.88 Billion Recovery

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KE’S- 7-YEAR- INVESTMENT-ROADMAP

State-owned power distribution companies (Discos) have formally requested the National Electric Power Regulatory Authority (Nepra) to approve the recovery of Rs51.88 billion from consumers. This recovery is attributed to various adjustments for the third quarter of fiscal year 2023-24, spanning from January to March 2024. A significant portion of this amount, constituting 60.4% or Rs31.35 billion, comprises capacity charges from…

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E&P Companies Push for Depletion Allowance Amidst Regulatory Challenges

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oil-gas

In a bid to bolster hydrocarbon exploration and production (E&P) in Pakistan, companies are urging the government to grant a 15% depletion allowance on ageing fields, advocating for a waiver on the additional 15% wellhead value. This plea comes amidst discussions to ease the windfall levy on gas and condensate, emphasizing the need for incentives to optimize operations in mature…

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Empowering Communities: Battery Storage Revolutionizes Renewable Energy in Pakistan

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Solar-wind

A recent study unveils the transformative potential of Battery Energy Storage Systems (BESS) when integrated with solar and wind power, promising a substantial drop in electricity costs to as low as 6-8 cents per unit. Released under the title “Integrating Battery Storage with Renewables: A Techno-economic Analysis,” this study is a collaborative effort between Renewables First and the Policy Research…

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Grid vs rooftop: the energy debate

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solar-panel

Pakistan’s total electricity consumption, as measured in terms of sales, has decreased to 112.9 TWh in FY2023 from 124.6 TWh in FY2022 The recent hype and chaos around net-metering and the roof-top solar taxation fiasco has brought the power sector of Pakistan to the brink of another planning conundrum. Pakistan’s total electricity consumption, as measured in terms of sales, has…

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World Bank’s Ongoing Support for Energy Sector Reforms Applauded by Pakistani Ministers

Admin

Federal Minister for Petroleum Dr. Musadik Malik and Federal Minister for Power Awais Leghari recently met with Martin Raiser, South Asia Regional Vice President of the World Bank, to discuss ongoing reforms and support in the energy sector, as per a press release. During the meeting, both sides exchanged ideas on the reform agenda and highlighted the technical assistance provided…

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Saudi Manara Minerals Team Continues Talks on Reko Diq Mine Stake in Pakistan

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Pakistan-Reko-Diq-mine

A delegation from Saudi Arabian mining company Manara Minerals is currently in Islamabad for ongoing discussions regarding acquiring a stake in Pakistan’s Reko Diq gold and copper mine, according to a Pakistan government document. The Reko Diq mine, located in Balochistan province, is recognized as one of the largest underdeveloped copper-gold areas globally, jointly owned by global mining company Barrick…

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