After being “dropped” from a key rail project in southeastern Iran along the border with Afghanistan, India is also set to lose an ambitious gas field project in the country that had been in the pipeline for past 10 years. India’s Ministry of External Affairs in a statement on Thursday said Tehran would develop the Farzad-B gas field in the…
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ISLAMABAD: Prime Minister Imran Khan has directed to formulate a comprehensive plan to provide relief to liquefied petroleum gas (LPG) consumers.The Prime Minister was chairing a meeting of the Cabinet Committee on Power here on Thursday to review issues related to the gas pricing system and electric tariff of K-Electric.The Prime Minister also directed to defer an Economic Coordination Committee’s…
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Swedish company SICPA maintains the operating rights to the Hagia Sophia for another seven years and is set to suffer losses linked to the museum’s $72 million in annual ticket sales, Dünya columnist Kerim Ülker said on Monday. In 2018, SICPA successfully bid $3.9 billion to win a tender for operating over 50 museums and archaeological sites for nine years,…
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The government of Bangladesh has approved a $26 million project to provide free solar home systems to 40,000 households in three hilly districts with uncertain prospects of being incorporated into the electricity grid by 2045. Prime minister Sheikh Hasina approved the spending – the second phase of a project to provide free solar panels to households in the three communities…
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The world’s most relied-upon renewable energy source isn’t wind or sunlight, but water. Last year, the world’s hydropower capacity reached a record 1,308 gigawatts (to put this number in perspective, just one gigawatt is equivalent to the power produced by 1.3 million race horses or 2,000 speeding Corvettes). Utilities throughout the globe rely upon hydropower to generate electricity because it…
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It is the government’s priority to ensure provision of uninterrupted and affordable energy to industries, remarked Minister of State and Board of Investment (BOI) Chairman Atif R Bokhari. Keeping the prime minister’s vision in view, he said, the BOI had taken the initiative to establish the first-ever solar captive power plant for the Special Economic Zones (SEZs) in the country.…
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The Aviation Division on Thursday said that the credentials of almost all Pakistani pilots working for foreign airlines have been confirmed, as the government continues to manage the fallout from a scandal over aviator licences. Airlines in 10 countries had demanded proof of valid flying licences for their Pakistani pilots after it emerged about a third of Pakistan International Airlines…
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ISLAMABAD: Prime Minister Imran Khan decided during a meeting of the Cabinet Committee on Energy (CCoE) Thursday to defer a move to hike up the electricity tariff in Karachi. In the CCoE meeting chaired by PM Imran here in Islamabad, it was decided not to go ahead with the Economic Coordination Committee’s (ECC) proposed move to jack up the power…
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National Accountability Bureau Chairman Justice (retd) Javed Iqbal has ordered an inquiry against power supply company K-Electric over excessive billing and loadshedding, according to a statement issued by the anti-graft body on Thursday. “The chairman has taken notice of media reports and public protests against overbilling and prolonged power outages in the metropolis,” read the statement. The accountability watchdog said…
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China may have amassed a debt pile of as much as $42 billion in renewable energy subsides that have still gone unpaid to solar and wind power capacity developers, Bloomberg reports, citing a BOCI Research analyst, Tony Fei. “Without structural change to address the issue, the subsidy receivables in the whole industry would continue to grow and drag companies’ balance…
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