District Wise Clean Energy Projects Proposed

Experts have agreed that district-based generation of electricity from renewable energy sources offers more benefits to Pakistan com-pared to the centralised gen-eration system of large-scale power plants scattered across the country. At a webinar titled “Energy Investments and Planning” on Friday, they were of the unanimous view that small solar and wind power plants should be installed where the potential of energy genera-tion was high as opposed to establishing large solar parks and wind power plants. World Bank Renewable Energy Consultant Ermeena Malik was of the view that underserved areas…

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ECC approves up to Rs2.89 per unit raise in KE tariff

ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Friday approved up to Rs2.89 per unit increase in electricity tariff for Karachi with immediate effect and allowed in principle shifting of Rs74 billion cost of LNG consumed by domestic and commercial sectors in winter months to power and industrial sectors. The ECC meeting presided over by Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh also approved about a billion rupees subsidy to two fertiliser plants for three months and about Rs30bn payments to 3.72…

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PM Announces Establishment of 15 National Parks

ISLAMABAD: Prime Minister Imran Khan on Thursday announced the establishment of 15 national parks in all the federating units as part of efforts to protect nature. Launching the ‘Protected Area Initiative’ on Thursday, the prime minister said that guidelines will be given to the provinces to preserve these national parks. He said that this is a major initiative for future generations. He expressed satisfaction that all the provinces are participating in this initiative which will also provide job opportunities to the youth. The prime minister pointed out that global warming and…

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Helpline Trust seeks judicial intervention to save Karachiites from crippling power crisis

The Helpline Trust has appealed to the Chief Justice of Pakistan and the Chief Justice of Sindh High Court to take appropriate action against Karachi Electric as per NEPRA Act of 1997 and Electricity Act of 1910, and their subsequent rules and regulations, for the illegal power outages, euphemistically referred to as Load Management, which KE is subjecting its subscribers to. In a press release, the Helpline Trust says that the residents of Karachi are suffering intolerable hardships due to the continuous daily power outages/load management being undertaken by Karachi…

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Javed Ghani given additional charge of FBR chief, replaces Nausheen Amjad

The government on Saturday assigned Muhammad Javed Ghani the additional charge of the chairperson of the Federal Board of Revenue (FBR), the fourth appointment made to the position since the ruling PTI took office. He replaces Nausheen Amjad, who was appointed to head the revenue authority in April. “The federal government has been pleased to assign additional charge of the post of chairman, Federal Board of Revenue, to Mr. Muhammad Javed Ghani … for a period of three months or till the posting/appointment of a regular incumbent; whichever is earlier,”…

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Houthis Aim To Repair Unrepairable Oil Tanker In Vital Shipping Lane

he Houthi rebels in Yemen claim they have sent a team to repair an oil tanker full of 1 million barrels of oil sitting off the Yemeni coast for five years and threatening to leak oil into the sea or to explode. The maintenance team may not prevent the tanker from leaking oil because the Saudi-led coalition is not allowing access to the equipment needed for the repairs, Bloomberg quoted Mohammed Ali Al-Houthi, a member of the ruling political council of the Iran-aligned Houthis, as saying. The tanker is in…

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The Multi-Billion Dollar Price Tag For Iraqi Oil Compliance

Oil Powers Bought Iraqi Compliance – And Something Else, Too They may have paid for compliance, but they were really buying something else.  With COVID-19 cases now starting to ravage a politically fragile Iraq – which is also the center of a proxy war between the US and Iran – there’s never been a better time for the country to ask for aid. Aid is a bargaining chip, and oil production cuts are the end game because Iraq is never in a financial position to comply.  What Iraq wants, specifically,…

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Japan Bets Big On Mozambique LNG

In partnership with the business sector, the Japanese government will invest some $14.4 billion (1.5 trillion yen) in liquefied natural gas development in Mozambique, the Nikkei Asian Review reported. According to the report, the money will fund the development of a gas field in the African country to produce some 12 million tons of LNG annually, beginning in 2024. As part of the deal, trading major Mitsui & Co. and Japan Oil, Gas and Metals National Corp. will together buy a 20-percent stake in the field. Three Japanese private banks will…

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Elon Musk Trolls SEC And Short Sellers As Tesla Stock Rallies

Elon Musk took his Twitter feud with Tesla’s short sellers and the Securities and Exchange Commission to a whole new level on Thursday evening, mocking the traders who had bet against the EV maker, as well as the U.S. market regulator, as Tesla’s stock hit a new record-high of $1,208, rallying 7.95 percent. In a series of tweets, Musk asked, ‘Who wears short shorts?’, and said that “Tesla will make fabulous short shorts in radiant red satin with gold trim,” and “Will send some to the Shortseller Enrichment Commission to…

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Spain Closes Nearly Half of its Coal-Fired Power Stations

Out of Spain’s 15 coal-fired plants, seven ceased operations on June 30. Four more will soon follow, putting Spain on track to ultimately become coal-free. The country closed all its coal mines two and a half years ago as a result of the European Union banning their state aid. The demise of coal in SpainThe seven plants that have shut generated 4,630 megawatts (MW) of power and provided jobs for around 1,100 people. The four that have filed for permission to shut down create 3,092MW of power and employ around…

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