After a lapse of more than 11 years, the Central Working Development Party (CDWP) has finally approved a 26MW hydropower project in Skardu, which would be completed under the federal Public Sector Development Programme (PSDP). The Shagharthang Hydropower Project, which was initially approved in 2009 at an estimated cost of Rs3.356 billion, would now be completed at Rs8.616 billion. The…
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For converting the MoUs signed with the IPPs into final legal agreements, the government is currently engaged in finalizing the templates and to this effect the IPPs are also on board. According to a senior official, the government team will soon invite the IPPs’ CEOs to get the templates for final amended Power Purchase Agreements (PPAs) approved. Under the MOUs…
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ISLAMABAD: Pakistan’s reliance on coal to generate power is economically unviable and it needs to swiftly move towards adding about 24,000 megawatts of wind and solar-fired power in the next 10 years to reduce the cost of power generation, says a new study of the World Bank. The Variable Renewable Energy Planning and Integration study suggests that Pakistan should quickly…
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Pakistan’s premier energy company, Byco Petroleum Pakistan Limited, has partnered with Daraz, Pakistan’s leading online marketplace, to launch its flagship online lubricants store on Daraz. Byco’s wide range of high-quality lubricants will now be available on Pakistan’s most popular online shopping store – daraz.pk. Byco’s flagship store on daraz.pk is currently live now and will offer customers a safe and…
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The Cabinet Committee on Energy (CCoE) scheduled to meet on Tuesday is likely to grant approval for the unbundling of the two state-owned gas utility companies, Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC), into five smaller gas companies. According to sources who confided in Profit, said that the CCoE will take up a proposal by the…
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Geneva, (APP – UrduPoint / Pakistan Point News – 9th Nov, 2020 ) :The Swiss financial sector still invests too much in the production of oil and coal despite progress towards more climate-friendly investments, an official report said Monday. “Overall, the Swiss financial centre now invests four times more resources in companies producing electricity from fossil sources such as coal or gas than in those producing from renewable sources,” said the…
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ISLAMABAD: Top mandarins of the Energy Ministry swung into action to immediately suspend the former acting MD PLL (Pakistan LNG Limited) Nadeem Nazir, who is also currently holding the charge of the MD of PLTL (Pakistan LNG Terminal Limited) for making excess payments of $25 million as port charges to LNG suppliers (Gunvor and ENI). Following the report of excess…
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The booming liquefied natural gas (LNG) industry will play at least as big a role as new coal investments in bringing on a climate crisis if all planned projects go ahead, US-based energy analysts and campaigners say. The report by the Global Energy Monitor appears at odds with comments by Australia’s emissions reduction minister, Angus Taylor, who has said the…
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Methane gas, commonly referred to as “natural gas,” is the fossil fuel with the most positive image. Natural gas is marketed as not just cleaner than other fossil fuels, but as “clean”—a demonstrably false descriptor with an endless number of caveats. Oil and gas companies promote gas subsidiaries by prominently featuring the word “clean” in the company’s name or marketing…
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As per the NEPRA notification, additional collection from consumers will be taken in the context of the November bill, however, the decision will not apply to K-Electric and lifeline consumers. According to a notification issued by NEPRA, the authority, after incorporating the aforementioned adjustments, has reviewed and assessed an increase of Rs.0.4828/kWh in the applicable tariff for XWDISCOs on account…
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