Long considered to be the ‘food basket’ of South Asia, Punjab is the most agriculturally productive region in the Indo-Gangetic plain. Unlike the spring harvest which brings beautiful colours and festivals such as the Baisakhi Mela, the autumn harvest results in a gloomy ambience, which engulfs the region in hazardous smog. The R-Smog Report of 2018 indicates that air pollution in Punjab originating…
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This comes on the heels of over Rs2.3 trillion circular debt in the power sector as of Sept 30, 2020, and about Rs350bn circular debt in the gas utilities — Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL) — up from Rs1.2tr and about Rs120bn in 2018, respectively. The federal cabinet will meet on Tuesday.…
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The Independent Power Producer (IPP), Hub Power Company Limited (Hubco) has entered into a Memorandum of Understanding (MoU) with Pakistan Defence Officers Housing Authority, Karachi (“DHA”) with respect to the revival of DHA Cogen Limited. The revival of DHA Cogen Limited will generate 84 MW of electric power for supplying to K-Electric and provide 3 million gallons per day of…
Read MoreQatar Petroleum’s newly formed trading unit participated in a buy tender by Pakistan LNG for the supply of liquefied natural gas (LNG) for the first time, industry sources said on Friday. Qatar Petroleum said in November that it had set up a trading unit, Qatar Petroleum Trading Company, which will be headquartered in Doha and aims to build a diversified…
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KARACHI: Remittances in to the country remained well above the $2 billion mark in November for the sixth consecutive month despite recording a slight increase compared to inflows in October. The data released by the State Bank of Pakistan on Friday showed remittances in November clocked in at $2.34bn, up 2.4 per cent month-on-month from October. However, the growth in…
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KARACHI: Oil & Gas Regulatory Authority (OGRA) has initiated forensic technical, commercial, and management audit of the two gas companies to determine actual unaccounted for gas (UFG) losses for indigenous as well as regasified liquefied natural gas (RLNG), separately in transmission and distribution system, an official said on Friday. Imran Ghaznavi, the spokesperson for the OGRA confirmed the audit for…
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Prime Minister Imran Khan on Saturday said that by 2030, 60 per cent of all energy produced in the country will be “clean” and through renewable resources. “Thirty per cent of all the country’s vehicles will use electricity,” he added. The premier made the remarks while speaking at the Climate Ambition Summit 2020. According to the Prime Minister’s Office, the…
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In the first part, we observed that NTDC’s IGCEP2047 envisages addition of 50 GW of new capacity in the grid by 2030, with investments to top over USD 70 billion. For a country already sinking under foreign loans and where electricity prices have risen beyond the affordability of most consumers, this should be a cause for serious concern. We must…
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PESHAWAR, (APP – UrduPoint / Pakistan Point News – 10th Dec, 2020 ) :Board of Directors (BoD) of the Khyber Pakhtunkhwa Energy Development Organizations (Pedo) on Thursday decided to supply 148 Megawatt more electricity to industrial sector of the province on subsidized rates. The board which met under the chairmanship of the adviser to the Chief Minister on Energy also decided to soon appoint project directors for the…
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ISLAMABAD: For the first time in Pakistan’s history, the government is set to face a huge LNG debacle in January, 2021 as LNG supplier companies. have not submitted bids for three earlier time slots till January 18. The development came to the fore when bids of spot cargoes were opened on Thursday for early part of January 2021 after bids…
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