Special Assistant to Prime Minister on Power Tabish Gauhar has suggested the privatisation of five power distribution companies in Punjab in the first phase after clearing their loans to improve the balance sheet and enable them to borrow from banks for restructuring. During discussions in a meeting of the Cabinet Committee on Privatisation (CCOP), he commented on the draft report…
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The federal government will have strong footprints in state-owned enterprises (SOEs) even after approval of a new Act of parliament, which is contrary to the objectives of ensuring efficient and financially viable public sector firms by ending political interference. The draft of State-owned Enterprises (Governance and Management) Act 2021 suggests that the government still does not want these entities to…
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LAHORE: The construction work on 21MW Tangir Hydropower Project, meant for providing electricity to the people in various areas during construction phase of Diamer Bhasha Dam, has commenced, according to the Water and Power Development Authority (Wapda). The construction works on eight sites of Diamer Bhasha Dam and nine of the Dasu Hydropower projects are also underway these days on…
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Canada’s energy industry saw a record US$18 billion worth of mergers and acquisitions year to date, data showed on Tuesday, while analysts predict 2021 will be a bumper year for M&A in the Canadian oil and gas industry. According to data from Dealogic, cited by Reuters, energy deals in Canada between the start of 2021 and March 18 totaled US$18…
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The new policy prepared and finalised by the government for petroleum refining seems lucrative. Under the policy, an incentive package is on offer to those willing to establish deep conversion refineries anywhere in Pakistan. Similarly, the plan also offers the same incentives to the local refineries provided they decide to upgrade themselves. The policy, which will be implemented once the…
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The country’s power generation (ex-KE) continues to grow at a very modest rate. The 8MFY21 generation numbers are out depicting a meager increase of 2.69 percent year-on-year in the net electricity generation at 81 billion units. Recall that the generation has been static for three years around 120 billion units for the full year. That the power generation mix is…
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THE weather in Mach town of Balochistan’s Bolan district was pleasant on Saturday morning, but it then started raining. Mach, a coal mining town, wears a dusty, disheveled look. Everybody is linked to the coalmine business one way or the other. Across the road and river leading to the town, work is under way in mines. But fear is in…
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ISLAMABAD: The Privatistion Commission (PC) on Wednesday finalised proposals for the participation of the private sector in the management of 10 power distribution companies (Discos) and the Cabinet Committee on Privatisation (CCoP) will take up the issue in its next meeting. Chairing the second meeting of the PC board on Discos, Privatisation Minister Muhammadmian Soomro said the purpose of the…
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Special Advisor to the Prime Minister (SAPM) on Petroleum Nadeem Babar seems to have made some enemies by implying at the last meeting of the federal cabinet that small oil marketing companies (OMCs) might be engaging in malpractices like smuggling. He informed the meeting that eight of 66 licensed OMCs held 92 percent of the market share, adding it was…
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PESHAWAR: Haunted by its power crisis, Pakistan is all set to roll out its first locally manufactured solar power panels. The production of the third-generation solar power panels by a department of the University of Engineering and Technology, is all set to start next month. “We are launching our production and will deliver our first order for generating 2MW power…
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