Month: July 2020

KE to buy 6MW from Lucky Cement

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KARACHI: K-Electric (KE) Limited has agreed to buy up to 6 megawatt (MW) of electricity from Lucky Cement’s captive power plant, which would be supplied to DHA City Karachi being developed along Superhighway, a statement said on Wednesday. According to the statement, Lucky Cement’s 29.7 MW gas-fired thermal power plant has a generation licence issued by National Electric Power Regulatory Authority (NEPRA) and can supply from 1 to 6 MW power to K-Electric for onward delivery to DHA City for consumption. DHA City is without electricity since 2011. There is…

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CPEC Regains Pace in 2020 After Record Chinese Investment of Over $11 Billion

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China-Pakistan Economic Corridor (CPEC) has picked up pace once again as China has invested more than $11 Billion in Pakistan in 2020 alone. This is the second biggest amount of Chinese investment in a single year after 2015 which witnessed a total investment of over $12 billion. The progress over the CPEC appeared to have stalled between 2017 and 2019 due to the relatively low amount of Chinese investment. However, CPEC has been reinvigorated since the appointment of Lt Gen (r) Asim Saleem Bajwa as the Chairman of the CPEC…

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PM directs to make comprehensive plan for providing relief to LPG consumers

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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 (ECC) decision to raise the tariff for K-Electric consumers by Rs 2.79 per unit. He also directed to fix gas prices on a sustainable basis.The Prime Minister was briefed on…

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What will Turkey do about Hagia Sophia’s $72 million loss in annual ticket sales? – columnist

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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, including Istanbul’s iconic Hagia Sophia, Ülker said. On Friday, Turkey’s highest administrative court annulled a 1934 decree that converted the Hagia Sophia from a mosque to a museum, reverting it…

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Bangladesh to install another 40,000 free solar home systems

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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 of the Chittagong Hill Tracts area – on Tuesday at a meeting of the nation’s highest decision-making body, the executive committee of the National Economic Council. Under the latest phase…

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