The year 2020 proved to be an exceptional year for the water and hydropower sectors of Pakistan. The Water and Power Development Authority (WAPDA) succeeded in achieving significant milestones in the water and hydropower sectors this year. Besides generating the highest-ever low-cost hydel electricity, WAPDA also initiated construction work on the long-delayed multi-purpose Diamer Basha Dam Project in 2020. As…
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Electricity price to go up as NEPRA approves hike of Rs1.6 per unit
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) on Wednesday greenlighted a price hike in electricity by Rs1.6 per unit. As reported by Geo News, the authority took the decision during a meeting held by the authority to review the fuel price adjustment situation for the months of October and November. For October, electricity prices will be increased by Rs0.29…
Read MoreAsad Umar says procurement of one million coronavirus vaccines okayed
Asad Umar, the chief of the National Command and Operations Centre (NCOC), on Wednesday said that a cabinet committee has authorised the procurement of more than one million vaccines in Pakistan’s fight against the coronavirus. Umar, in his statement on Twitter, said that the number “will cover all frontline health workers”. He said what remains now is for DRAP (Drug…
Read MoreLatest petrol price in Pakistan: Rates expected to increase, say sources
The price of petroleum products in Pakistan is expected to rise beginning January 1, 2020, Geo News reported Wednesday, citing sources. The Oil and Gas Regulatory Authority (OGRA) has sent a summary to the Petroleum Division, where it has suggested to increase petrol prices by Rs2.75, sources said. Moreover, OGRA has asked the Division to increase the price of diesel by Rs3,…
Read MoreGas crisis aggravates: Suspension of RLNG supply to export units on the cards
ISLAMABAD: Fearing a massive surge in gas availability crisis in the country, the government has decided to even close down gas supply to export industry once a week if the emergency-like situation emerges in the month of January. The Petroleum Division is going to get it approved from the Economic Coordination Committee (ECC), which will meet on Wednesday (today), according…
Read MoreBhutta Appointed chairman of PPIB, AEDB boards
ISLAMABAD: The Federal Cabinet has appointed Secretary Power Division, Ali Raza Bhutta as Chairman of the Boards of Private Power Infrastructure Board (PPIB) and Alternative Energy Development Board (AEDB), as Minister for Power, Omar Ayub Khan has tendered his resignation as ex-officio Chairman of the Boards, official sources told Business Recorder. Sources said that Power Division informed the Cabinet on…
Read MoreLNG scam: NAB opens new inquiry against Khaqan Abbasi
ISLAMABAD: The National Accountability Bureau (NAB) has started another inquiry against former prime minister Shahid Khaqan Abbasi in an alleged multi-billion LNG scam. The bureau served a notice on Abbasi on Tuesday, asking him to appear before its investigation team on Jan 10, 2021. “The inquiry has revealed that you [Abbasi] remained minister for Petroleum and Natural Resources and prime…
Read More11 Wind Project Likely To Start Supplying 660 MW By Dec 2021
Around 11 wind projects with cumulative capacity of 660 MW had already achieved financial closing and are likely to start generation by December 2021. Sharing the details of these projects, official sources told that these were included 50 MW Master Green Energy Ltd, 50 MW Tricom Wind Power Pvt Ltd, 50 MW Lakeside Energy Pvt. Ltd, 50 MW Artistic Wind…
Read MoreCheck-Posts Against white collar crimes
First, the medicine prices went through the roof. Next, it was the turn of Atta (wheat flour) and sugar prices, followed by “artificial shortage” of oil at a time when there was a global glut of oil as demand fell because of Covid-19. Shortage of gas has made the winter doubly unbearable and rising cost of power is having a…
Read MorePakistan, Russia to establish North-South gas pipeline project
Islamabad – Pakistan and Russian Federation have agreed to establish a special purpose company, namely Pakistan Stream Pipeline (Pvt.) Ltd for the execution of North-South gas pipeline project, it is learnt reliably here. The matters pertaining the new company and the start of execution work was discussed on December 23, 2020, during the second meeting of the Joint Russian-Pakistani Technical…
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