ISLAMABAD: The independent power producers (IPPs), the major stakeholders in power generation, have written a letter to federal minister for energy Omar Ayub Khan, strongly condemning Muhammad Ali, head of the government’s committee for power sector audit, circular debt resolution and future roadmap over his alleged unprecedented bias. The letter stated that Ali expressed his unjust bias against IPPs on…
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ISLAMABAD: The head of legal department of Private Power and Infrastructure Board (PPIB), Barrister Asghar Khan, tendered his resignation on Monday after developing differences over issues relating to payment of capacity charges worth billions of rupees to independent power producers and transactions about new power projects on coal and liquefied natural gas. According to sources, Barrister Khan had written a…
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Commercial creditors need to support debt relief for the poorest countries and cannot just “free ride” on a suspension in debt payments by official bilateral creditors, World Bank President David Malpass said on Friday. Malpass told the World Bank’s Development Committee that the debt relief initiative agreed this week by the Group of 20 economies and the Paris Club was…
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ISLAMABAD: Pakistan’s public debt may rise to 90% of national economy or Rs37.7 trillion by June this year and its balance of payments situation may worsen due to severe health and economic shocks in the aftermath of the deadly pandemic, a new International Monetary Fund (IMF) report reveals. In its report, the IMF has disclosed that Pakistan will have to…
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The African Union Commission (AUC) and the International Renewable Energy Agency (IRENA) have agreed to work closely to advance renewable energy across the continent to bolster Africa’s response to Covid-19. The two organisations will focus on innovative solutions to drive the development of renewable energy including decentralised systems, and to increase access to energy across the continent. The cooperation aims…
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This year’s Africa Energy Forum (aef) (www.Africa-Energy-Forum.com) has been rescheduled to take place in Amsterdam, the Netherlands from 20-22 October 2020. Previously due to take place in July, the move comes in the interests of all attendees’ safety after monitoring the COVID-19 situation and its impact on global economies. The Forum, organised by EnergyNet, brings together decision-makers in Africa’s energy…
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The overall capacity of all wind turbines installed worldwide by the end of 2019 reached 650,8 Gigawatt, according to statistics presented today by the World Wind Energy Association (WWEA) during a webinar. 59’667 Megawatt were added in the year 2019, substantially more than in 2018 when only 50’252 Megawatt got erected. 2019 was the second strongest wind year in terms…
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The Economist is making some of its most important coverage of the covid-19 pandemic freely available to readers of The Economist Today, our daily newsletter. To receive it, register here. For our coronavirus tracker and more coverage, see our hub When bernie madoff owned up to a $65bn Ponzi scheme in December 2008, it was not out of guilt. He…
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