The Cabinet Committee on Energy (CCOE) is likely to approve transfer of shares of Guddu and Nandipur power plants with management control to Pakistan State Oil (PSO) under an equity swap arrangement to clear circular debt. Sources told The Express Tribune that a deal would be struck to cover PSO’s receivables from the two power plants. They said that the…
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ISLAMABAD: Prime Minister Imran Khan Monday said that by 2030 the country’s 60 percent energy mix would be shifted to clean electricity production through solar, wind, and hydro power. The premier, in a letter to Crown Prince Muhammad bin Salman, not only expressed his delight over the Kingdom’s plan for launching “Saudi Green Initiative plantation of 10 billion trees in…
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Sindh Transport Minister Syed Owais Shah, on Tuesday launched the country’s maiden electric bus in Karachi. Speaking to the media after the launching ceremony, he said more electric buses will be brought to the city’s roads in cooperation with the private sector. As many as 100 electric buses will hit the road by the end of this year, he announced.…
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About one third of the world’s agricultural land is at high risk from pesticide pollution, a new study has found. The research, published in Nature Geoscience Monday, looked at the use and spread of 92 active pesticide ingredients in 168 countries. They considered an area at risk if the concentration of a chemical exceeded the limit at which it would have no effect, and at high risk if…
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MANILA, PHILIPPINES (30 March 2021) — The Asian Development Bank (ADB) has approved a $300 million loan to finance the construction of a 300-megawatt hydropower plant that will increase the share of clean energy in Pakistan and improve the country’s energy security. The plant will add 1,143 gigawatt-hours of clean energy annually to the country’s energy mix, enhancing the energy…
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The debate over the new auto policy, which will determine the government’s plans about which route — electric or hybrid — it intends to take for developing the automotive industry and reducing carbon emissions and fuel imports from now onwards, is getting a bit intense. The government has already approved and announced its electric vehicle (EV) policy for the next…
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The government has announced plans to increase power tariff by Rs5.65 per unit, an estimated 40% increase. Gas utilities have asked for similar or even higher increase in their tariffs. In this space, we will examine the non-tariff options to deal with problems of rising cost and circular debt, which has forced the government to propose the increase in power…
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ISLAMABAD: The Prime Minister Office has directed the two gas utilities to immediately engage with two new liquefied natural gas (LNG) operators who have complained about roadblocks and apathetic responses to setting up of their terminals. Informed sources said the sponsors of two coming LNG Terminals — Tabeer Energy and Energas — had in recent weeks reached out to all…
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Speakers at online Innovation Summit 2021 stressed the significance of enhanced cooperation between Sialkot and Chinese industry. They also put forward recommendations including making full use of the existing platform, establishing joint ventures, strengthening the collaboration of chambers of commerce and developing e-commerce. They also called for increasing the scale of visits and exchanges on a webinar titled “Branding Pakistan:…
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Federal Minister For Power , Petroleum and Natural Resources Omar Ayub has said that Karachi will get additional 450 MW in coming summer as NTDC has completed the rehabilitation/upgradation of the existing 220 kV double circuit transmission line (130 km long) from Jamshoro to KDA-33. In a statement, the minister said that maximum of 1100 MW power supply shall be…
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