ISLAMABAD: In a new development, as many as six important IPPs have asked the MoU Implementation Committee, headed by Federal Minister for Finance and Revenue Dr Hafeez Shaikh, to constitute an experts panel headed by a Supreme Court judge to look into the charges if they have made excess profit of Rs53 billion. They urged the government not to send…
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ISLAMABAD: The ruling Pakistan Tehreek-e-Insaf appears to be giving an NRO to the Independent Power Producers (IPPs) as the Centre seems to be ignoring the excess payments made to them, industry players and analysts said. According to reports, changes are being made in the Memorandum of Understanding (MoU) reportedly to favour the IPPs. The move comes at a time when…
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The National Electric Power Regulatory Authority (Nepra) on Monday approved a power tariff hike of Rs1.06 per unit on account of fuel charges adjustment (FCA) for October and November 2020. In a statement, Nepra said that the Central Power Purchasing Agency-Guarantee (CPPA-G) had requested a positive FCA of Rs0.5713 per unit to burden consumers with a total cost of Rs5.6…
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The National Electric Power Regulatory Authority (Nepra) has taken serious notice of the recent power blackout that plunged almost the entire country into darkness. The power regulator has decided to set up a high-powered committee of its top professionals. The committee will also comprise renowned protection engineers from the private sector, which will investigate the reasons and facts that led…
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Heads of seven industrial estates in Karachi held the government responsible for the ongoing gas crisis nationwide, saying it did not import sufficient fuel to bridge shortfall despite several alerts and availability of capacity for additional imports. Speaking at a press conference, Sui Southern Gas Company (SSGC) Deputy Managing Director Saeed Ahmed Larik, however, blamed non-export industries for the worsening…
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Technology transfer with easy and duty-free access to American markets is a must in a bid to achieve a quantum jump in bilateral trade and in this connection serious efforts are being made by both sides, said US Consul General in Lahore Catherine Rodriguez. Speaking at a Zoom meeting with Faisalabad Chamber of Commerce and Industry (FCCI) President Hafiz Ihtasham…
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Sino-Pak biomass energy’s cooperation could help to mitigate climate change, said Zhang Dayong, secretary-general of the Biomass Energy Industry Part Association (BEIPA).Biomass energy cooperation could be a new starting point between the two countries under CPEC, he said in an interview to Gwadar Pro. He viewed that the de-coal initiative launched by PM Imran Khan requires the country to develop…
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Saudi Arabia’s crown prince unveiled plans on Sunday to build a zero-carbon city at Neom, the first major construction project for the $500 billion flagship business zone aimed at diversifying the economy of the world’s largest oil exporter. Prince Mohammed bin Salman, in a rare televised appearance, said the city, known as “The Line”, would extend over 170 kilometres and…
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KARACHI: The National Transmission and Despatch Company (NTDC) on Sunday night claimed that it has “fully restored” its transmission system whose fault on Saturday night threw the entire country into darkness. “The NTDC grid stations of 220kV and 500 kV and transmission system have been fully restored across the country,” the NTDC spokesman said in a press statement. “Power has…
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Prime Minister Imran Khan has recently announced that there will be no more coal-based power plants in Pakistan. International climate lobbies have welcomed the statement but domestic energy circles or at least parts of them are not happy. Many people believe that Pakistan’s carbon footprint is too little and say we have vast coal reserves in Thar, which we have only begun…
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