ISLAMABAD: The Auditor General of Pakistan (AGP) has found fault with the utilisation of almost Rs3 trillion public funds by the power division, involving huge irregularities, mismanagement, misappropriation and embezzlement. In its report for the audit year 2019-20 that has been laid before the National Assembly after a delay of almost eight months, the AGP also put question marks over…
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SEPCO told to ensure uninterrupted power supply
Sukkur deputy commissioner (DC) Rana Adeel Taswar has directed the Sukkur Electric Power Supply Company (SEPCO) to ensure uninterrupted power supply during the month of Rabiul Awwal and asked taluka municipal administrations to ensure proper sanitation and availability of potable water to people attending processions. Sukkur DC was presiding over a meeting on Sunday to review security and other arrangements…
Read MoreEarnings of NEPRA officials soar by up to 551%
The salaries and allowances paid by the National Electric Power Regulatory Authority (Nepra) to its chairman and four provincial members has soared by up to 551% in the fiscal year ended June 30, 2020 compared to what they received in the preceding year. The chairman received a sum of Rs9.97 million on account of managerial remuneration and other allowances in…
Read MoreInsight report: The 40 most promising wind turbine designs that fell short of expectations – 31-40
Success or failure in this context is not limited to how many of the turbines were actually produced or were ever operational. Eize de Vries explains the criteria for the selection and describes numbers 31-40 in the first part of this special report Products may have been launched as stand-alone models or already envisaged as the basis for a product platform.…
Read MoreJoe Biden calls climate change the ‘number one issue facing humanity’
Joe Biden declared climate change the “number one issue facing humanity” and vowed a national transition from fossil fuels to renewable energy that could create millions of new jobs. “It’s the number one issue facing humanity. And it’s the number one issue for me,” Biden said of climate change during an episode of Pod Save America released Saturday. He was…
Read MoreCentral Asia electricity trade brings economic growth and fosters regional cooperation
New power system modelling analysis for Central Asia shows that the region can reduce operating expenses by as much as $6.4 billion in the next 10 years. This can become a reality when neighboring system operators leverage connected electricity transmission infrastructure. Discussions are underway to make connections and derive optimal value from coordinated system operation, the World Bank said in…
Read MoreOGRA to issue new CNG licenses
ISLAMABAD: As the Pakistan Tehreek-e-Insaf (PTI) government has allowed the private sector to import LNG, the cabinet has given the go-ahead to the Oil and Gas Regulatory Authority (Ogra) to issue new CNG licenses based on LNG after a span of 12 years. A ban had been imposed, 12 years ago, on issuance of new CNG stations based on indigenous…
Read MoreAsad Umar hints at gas curtailment for industries during winter
Planning, Development and Special Initiatives Minister Asad Umar, while hinting at curtailment of gas supply to industries in the coming winter season due to depleting reserves, has said that all out efforts were being made to overcome the issue of gas shortage in the country. “Gas consumption is much higher at around 6 billion cubic feet compared to present production,…
Read MoreA crude quandary for Gulf states and Pakistan
SLIDING market prices, lowering demand and healthy output projections are set to hit the single product, oil-rich economies of the Middle East, the International Monetary Fund (IMF) said in its report last week. All this was anticipated. Oil-rich Gulf states are now expected to see a six per cent real GDP contraction this year, the report said. Real GDP growth…
Read MoreNCOC sounds alarm after Covid-19 positivity rate increases for 5th consecutive day
Two days after issuing a lockdown and calling for better compliance with Covid-19 standard operating procedures (SOPs), the National Command and Operation Centre (NCOC) on Friday noted an increase in the country’s positivity rate, virus-related deaths and hospital admissions. During the morning session of the forum, health officials presented data on the country’s Covid outbreak. The forum noted that the positivity…
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