The Sargento Aldea arrived at the research station on 27 November and sailed back to Chile on 10 December. Three of its crew tested positive upon their return to the Chilean naval base in Talcahuano. Chile’s navy said all of those who had embarked on the trip to the Antarctic had been given PCR tests and all the results had…
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Islamabad: There was a broad consensus among key stakeholders during a consultative meeting on the need for checking coal-based power generation in the country and diverting 60 per cent of the total energy mix to renewable energy by 2030. The meeting was held at the Institute of Policy Studies to discuss IPS study on ‘barriers surrounding distributed generation’ with IPS…
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ISLAMABAD: The Economic Coordination Committee (ECC) is set to allow the Water and Power Development Authority (Wapda) to float Eurobonds in the global market for raising $500 million to meet foreign financing needs for Mohmand and Diamer-Bhasha dam projects. Sources told The Express Tribune that the Ministry of Water Resources had tabled a summary before the ECC, seeking approval to…
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The businesscommunity has rejected the increase in prescribed gas pricesas well as petroleum prices, Presidential Candidate of Businessmen Panel (BMP) Nasser Hayat Magoon, in a press release issued on Tuesday, said that the present government was adding to the miseries in the life of common man by its negligence to resolve the public issues. “The inadequate supply of gas to…
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ISLAMABAD: The wholesale electricity market in Pakistan appears to be a pipedream as the government first needs to strengthen the transmission and distribution infrastructure to achieve this target. This was the crux of a webinar organized by the National Electric Power Regulatory Authority (Nepra) on Tuesday. However, the representatives of key stakeholders like Discos and generation companies were not visibly…
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Islamabad – NEPRA has Tuesday said that Competitive Trading Bilateral Contracts Market (CTBCM) would be a game-changer for the power industry of Pakistan. NEPRA hosted a webinar on Competitive Trading Bilateral Contracts Market (CTBCM). A large number of renowned national and international experts and stakeholders of the electric power sector participated. NEPRA Chairman, Tauseef H. Farooqi opened the webinar by…
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ISLAMABAD (Dunya News) – A multinational company will start construction on first merchant Liquefied Natural Gas (LNG) terminal in the country by end of the next month [January] after the government opened up the energy sector under its ease-of-doing-business strategy. “A vibrant structural framework is very much in place under which construction work on the first private sector LNG terminal…
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ISLAMABAD: The Petroleum Division is unhappy with inquiry commission investigating Pakistan’s petrol crisis. They have called the commission “controversial”. In a response to last week’s report by the inquiry commission, the petroleum division expressed its dissatisfaction over the commission’s members. The inquiry commission’s report on the petrol crisisThe five-member Inquiry Commission, headed by FIA Additional Director-General Abubakar Khudabaksh, has recommended…
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DUBAI: The Abu Dhabi National Energy Co. (TAQA) on Tuesday announced it has secured funding to build the world’s largest solar power plant.The successful financial closing of Al-Dhafra Solar Photovoltaic (PV) Independent Power Producer (IPP) project was achieved alongside TAQA’s partners Masdar, EDF Renewables and JinkoPower. The plant will be located around 35km from Abu Dhabi city, will have capacity…
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LAHORE: The signing ceremony of Rs100 billion financing agreement between the Punjab Thermal Power (Pvt) Ltd and a consortium of six banks, for enhancing capacity upto 1,263 megawatt, was held at a hotel on Thursday. Provincial Secretary Finance Abdullah Sumbal signed the agreement in the presence of Chief Minister Sardar Usman Buzdar. Addressing the ceremony, the CM termed the agreement…
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