ACWA Power International, one of Saudi Arabia’s main vehicles for building renewable energy projects, is set to raise up to 4.55 billion riyals ($1.2 billion) in what would be the biggest offering in Riyadh since Saudi Aramco’s listing. The Riyadh-based utility, half-owned by the kingdom’s sovereign wealth fund, has set the price range for its offering between 51 riyals and…
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Engro’s liquefied natural gas (LNG) import terminal is scheduled to shut down for four days (Tuesday-Friday) for repair and maintenance work and the suspension is expected to halve LNG supplies to power plants, CNG stations, commercial, industrial and residential consumers. LNG supply from the terminal will remain suspended for the first two days of repair work, which is being undertaken…
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As the Islamabad High Court ruled against allotment of more than one plot to top bureaucrats at public expense, documents reveal that 588 senior officers in grades BS-20 to BS-22 have acquired luxury double-storey houses at subsidised rates. The IHC had on Monday temporarily suspended the allotments in Islamabad’s new sectors and referred the matter to the federal government to examine whether…
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As China Pakistan Economic Corridor (CPEC) has entered the second phase, the new energy cooperation between Pakistan, ASEAN and China will still play an important role under the frame, said Badar uz Zaman, Commercial Counsellor of Embassy of Pakistan in China. “Sustainable development will be an unavoidable important agenda in the triangle cooperation,” he said in an interview during the 18th China-ASEAN Expo which concluded on Monday. At the…
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The electricity generation by WAPDA hydel power stations surpasses 8800 MW during the peak hours on Sept 12, which is the highest hydel electricity generation during the current year.
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Mining and coal-based power projects have spelled disaster for the people in Thar as the government and private corporations have not delivered on their promises of fair compensation, access to grazing lands, jobs and proper resettlement. According to a soon-to-be-released report titled “Coal rush: the impacts of coal power generation on Tharis’ land rights”, the government as well as mining…
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The Sui Southern Gas Company Ltd (SSGCL) on Monday announced that it will suspend gas supplies to all the CNG stations across Sindh and Balochistan from midnight Sept 14 for four days. The company said supplies to CNG stations will be restored from 8am (Sept 18). The decision to suspend gas supply to CNG outlets was taken due to dry-docking…
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The Cabinet Committee on Energy (CCoE) on Monday approved cheaper winter tariff for electricity consumers on incremental consumption and cleared a controversial payment of about Rs131 billion to 11 independent power producers (IPPs) of the 2002 power policy — barring Nishat Chunian. The meeting, presided over by Planning Minister Asad Umar, also cleared the Pakistan Oil Refining Policy, 2021, with…
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China released a plan on Thursday that sets out measures to develop its pumped hydro storage system by 2035, in an effort to boost renewable energy consumption and ensure stable grid operation. It aims to launch more than 62 gigawatts (GW) of pumped hydro storage in 2025 and 120 GW in 2030, while establishing globally competitive companies that use advanced…
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LONDON, Sept 8 (Reuters) – The Hydropower Sustainability Council (HSC) has launched an environmental, social and governance (ESG) performance standard to enhance transparency in the industry and give investors more confidence in backing new projects, it said on Thursday. Hydropower supplied one sixth of global electricity in 2020 but new projects have slowed, partly due to lengthy permitting processes, risks…
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