Karachi — Pakistan’s apex court has allowed the government to collect a pending gas infrastructure development tax amounting to billions of dollars from fertilizer, power, chemicals and cement companies, according to the court’s verdict Aug. 13, a move that would help policymakers to use the funds to develop gas projects. But in 2016, the companies took the battle to court and…
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California’s energy-grid operator imposed rolling blackouts Friday evening for the first time in 19 years. With the rare move, the California Independent System Operator sought to preserve the stability of the system that provides power for tens of millions of residents and businesses. The last time grid managers implemented this kind of power cut was in 2001, when the state…
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ISLAMABAD: The government and Wind Power Producers (WPPs) have signed pacts, to be binding after different level approvals from power firms. The committee and Pakistan Wind Energy Association held a number of rounds of discussions with the Wind Association with a request to reduce generation tariff. All discussions have been confidential and without prejudice basis. This document shall not affect…
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An energy startup named Emrod says it’s bringing wireless electricity to New Zealand, more than a century after Nikola Tesla first demonstrated it was possible. Like the best-performing satellite internet connections, Emrod’s link only needs a clear line of sight. In a statement, Emrod founder Greg Kushnir says he was motivated by New Zealand’s particular set of skills, à la…
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LAHORE: Like the mythological phoenix, the dying river Ravi is set to rise from its remains and give birth to a new Lahore on the largest 46 kilometers long riverfront to compete with any modern city in the world. An ambitious urban development project initiated by the Prime Minister Imran Khan’s government to build a new Pakistan, Ravi River Front Urban…
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ISLAMABAD: Opposing the recommendations of the Petroleum Division, the federal cabinet has approved the appointment of Shahid Mahmood Khan as the Managing Director of Pak Arab Refinery Limited (PARCO). Shahid Mahmood Khan is a Chartered Accountant with an experience of around 30 years in the fields of finance, general management, supply chain, government liaison, corporate planning, business development in petroleum, automobile…
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Faheem Haider has been appointed as new managing director/CEO of Mari Petroleum Company Limited (MPCL). He will assume his duties from August 12, 2020. Haider comes with a rich background and experience of exploration and production sector. In his illustrious career of over 27 years, he has held various leadership and staff positions with Union Texas Petroleum Inc Karachi, Nutricon…
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ISLAMABAD: The government has initiated working on its plan to create Azad Jammu and Kashmir electricity distribution company (AJK Disco). However, the analogy of the AJK Disco will be as a bulk consumer that will purchase the electricity from three Discos of the country such as Iesco, Pesco and Gepco. AJK DISCO will go into the jurisdiction of Nepra and…
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ISLAMABAD: Independent Power Producers (IPPs) and government’s team are said to have completed four rounds of talks but “crucial things” are yet to be tabled and agreed between the parties, well-informed sources told Business Recorder. The newly-constituted committee representing the government is headed by Chairman Federal Land Commission Babar Yaqoob Fateh Muhammad and comprises an officer of Power Division not below…
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ISLAMABAD: The World Bank, in its first comprehensive stock-taking of infrastructure services in Asia, says although electricity access in Pakistan is in line with regional averages of 92.5 per cent, the average interruption duration and frequency values are much higher. This is apparent from frequent power outages due to loadshedding. Pakistan suffers from outdated facilities and a complex distribution system…
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