Lauding the efforts of Pakistani and Chinese engineers and workers for the construction of 4,320 megawatt Dasu hydropower project, Prime Minister Imran Khan has said this dam is vital for the development of Pakistan, as it will meet the country’s electricity need at a very reasonable tariff. “The construction of the dam is a difficult task for which I pay…
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A new analysis released recently by the American Council on Renewable Energy (ACORE) finds that confidence among both renewable energy investors and developers is at an all-time high. The report, “Expectations for Renewable Energy Finance in 2021-2024,” presents the results of a new survey of large financial institutions and renewable energy development companies on their confidence in the sector in the…
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Chairman of National Business Group Pakistan and President Pakistan Businessmen and Intellectuals Forum, Mian Zahid Hussain has said on one hand government has provided relaxations to the business community while on the other it is creating problems for them. The finance minister has hinted to reverse power of arrest from the assistant commissioners of FBR and now the decision will…
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Consumers of Punjab are set to face a massive increase in prices of compressed natural gas (CNG) as the government has imposed additional taxes on liquefied natural gas (LNG), which is used by CNG filling stations, in the budget for fiscal year 2021-22. CNG consumers in Punjab are using LNG – an imported fuel – because of shortage of locally…
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For businesses operating in the oil & gas sector, maintaining a strong community presence and effectively engaging in important conversations is a vital component of any corporate marketing strategy, buthow prepared is your business for a crisis? Unfortunately, it’s likely not a matter of if, but when a crisis or communications challenge will occur – making it particularly important for businesses in…
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Officials have cast doubts on a government plan that would somehow see Indonesia phase out all its coal-fired power plants while at the same time build more than a hundred new ones, while activists have welcomed the move. A key criticism of the plan is what to do with the 117 under-construction or planned coal plants, with a combined capacity…
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The Economic Coordination Committee (ECC) is said to have deferred its decision regarding payment to Independent Power Producers (IPPs) established under Power Policy 2002, well-informed sources in Finance Ministry told Business Recorder. Sharing details, sources said, the Power Division informed the ECC on June 16, 2021 that Cabinet Committee on Energy (CCoE) and ECC considered the Report by Implementation Committee and…
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Electricity is the wheel that drives all facets of our daily lives such as production, consumption, communication, transportation and routine financial transactions. Pakistan’s electricity sector has long been facing unprecedented challenges. It seems to be stuck in a bad equilibrium characterised by costly energy production, overloaded infrastructure, high transmission and distribution losses, extraordinary load shedding, and mounting circular debt. The…
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The European Union is considering tightening rules that determine whether wood-burning energy can be classed as renewable and count towards green goals, according to a draft document seen by Reuters. The EU’s executive Commission will next month propose a package of policies to slash planet-warming emissions, including fuel tax changes and reforms to its carbon market. All are designed to…
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The revised draft of Indicative Generation Capacity Expansion Plan (IGCEP) 2021-30 prepared by NTDC (National Transmission Dispatch Company) invited criticism for violating the grid code and criteria under the NEPRA Act which says future projects will be made keeping in view the least cost generation, location and capacity. However, NTDC made its own 5-6 criteria to adjust 25-30 unjustified projects…
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