The new Special Assistant to Prime Minister (SAPM) on Power, Tabish Gauhar, has recently made public his roadmap for resolving the major issues of the country’s power sector. It’s a welcome step asit reflects his keen and objectivedesire towards handling these serious issues. His insight and grasp on these issues and his ideas to resolve them also come as a…
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ISLAMABAD: Independent Power Producers (IPPs) Tuesday reportedly refused to accept federal government’s proposed payment of Rs400 billion in three years, terming it as violation of already signed Memorandum of Understandings (MoUs), well-informed sources told Business Recorder. The government’s team comprising Special Assistant to the Prime Minister on Power, Tabish Gohar, Federal Land Commission Chairman Babar Yaqoob Fateh Muhammad Secretary Power,…
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The Mari Petroleum Company Limited (MPCL) has entered into a joint venture arrangement with a number of companies to undertake potential mining projects in the Province of Balochistan. As per the company, MPCL has entered into an agreement with Y.B. Pakistan Limited, Arif Habib Equity (Private) Limited, Liberty Mills Limited, and Reliance Commodities (Private) Limited pertaining to a joint venture…
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A total of 37 percent of oil and gas companies in Canada resorted to permanent layoffs due to the pandemic-driven oil price and oil demand slump, a recent survey of energy labor market organization PetroLMI showed. The energy firms in Canada launched measures to reduce labor costs across their organizations, according to the survey of energy workers and executives carried…
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Global investors managing nearly $7tn (£5.2bn) of assets plan to almost double their spending on renewable energy infrastructure over the next five years amid deepening concerns over the fossil fuel industry’s climate plans, according to a report. A survey of institutional investors found that they are planning to increase their renewable energy investments from 4.2% of their overall portfolio to…
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KARACHI: Fun fact: between 1960 and 1990, Pakistan’s GDP growth was higher than that of South Asia for all but just five years. In the last 30 years, however, it has been higher in only two annual readings, according to World Bank data. A remarkable reversal for a country that posted its highest population growth rate in the 1980s, suggesting…
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In a release Colorado, U.S.-based Transitional Energy announced it has received a $500,000 Advanced Industries Grant from the Office of Economic Development and International Trade (OEDIT). OEDIT provides these grants to proof-of-concept and early stage companies to support the commercialization of innovative technologies and products that support the Colorado economy. Transitional Energy will use these funds to support the development…
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ISLAMABAD: The crucial round of talks between the government and IPPs to turn the MoUs into amended Power Purchase Agreements (PPAs) will start from tomorrow (Tuesday) on Payment Mechanism of dues that has been finalised by top notches of the Power Division and finance ministry with the World Bank, a top official of the Power Division told The News. “As…
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More than 1400 students, engineers and energy-sector professionals from Pakistan, South Asia and across the globe participated in the first ever digital job fair during the pandemic time. This two-day event is organized byWomen In Energy Pakistan (WIE) in partnership with fellow women-led communities,Women Engineers Pakistan, Women In Tech PK, and Code Girls, to promote workforce participation of women in…
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Minister for Planning, Development and Special Initiatives Asad Umar Monday said that review in agreements with Independent Power Producers (IPPs) would help reducing the per unit price of electricity by over Rs 1.4. In 2022, the price would go down by Rs 0.74 while in 2023, it would be cut by Rs 0.66 per unit, the Minister said while talking…
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