Day: September 7, 2020

The oil and gas players positioning for a post-COVID recovery with high-impact drilling

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The oil and gas sector has not had it easy this year thanks to the COVID-19 pandemic and the resulting travel restrictions and impact on international travel. Oil prices have struggled to break past the $US45 ($62) per barrel mark and have in fact slipped below $US40 per barrel this week thanks to bearish news from world financial markets. Russia expects global oil demand to decline by between 9 million barrels per day (MMbpd) and 10MMbpd this year, a bigger drop than the 8.1MMbpd estimate put forward by the International Energy Agency…

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Neeca all set to start audits of textile CPPs

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ISLAMABAD: The National Energy Efficiency and Conservation Authority (Neeca) is all set to start energy audits of Captive Power Plants (CPPs) of textile sector in the light of a decision of the Cabinet Committee on Energy (CCoE). Neeca- an arm of the Power Division has sent letters to all the CPPs, conveying them to be ready for their energy audit as the efficiency of most of the plants was below 50 per cent. A couple of months ago, the CCoE directed the Petroleum Division to revise efficiency benchmarks of the…

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Revised Electricity Tariff Agreement With IPPs To Facilitate Masses By Offering Cheap Electricity: FM Qureshi

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MULTAN, (APP – UrduPoint / Pakistan Point News – 6th Sep, 2020 ) :Foreign Minister Makhdoom Shah Mahmood Hussain Qureshi said that revised agreements with Independent Power Plants on new tariff of electricity would surely facilitate masses. The agreements are almost in final stages and its fruit would be shifted toward masses soon, stated Foreign Minister while laying ground breaking of 132KV grid station at Fatima Jinnah Town, here on Sunday. Foreign Minister observed that the incumbent government of Pakistan Tehreek e Insaf engaged IPPs for revising the electricity tariff. When there will be low tariff, it will surely put break on increasing electricity bills…

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Sindh govt ready to exploit potential of wind power corridors

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KARACHI: A Sindh government’s plan to exploit the potential of wind corridors for power generation is seen meeting reality checks after decades it was first explored as the Sindh Transmission and Dispatch Company (STDC) is close to finalise the plan of smart grid technologies of power transmission to get benefit of natural resources, said a senior official. The STDC move came after it was awarded a transmission licence by the National Electric & Power Regulatory Authority (Nepra) last year to expand its transmission network catering to Keti-Bandar-Gharo-Jhimpir wind corridor. Hopes…

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Shallwani takes charge as Karachi administrator

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KARACHI: The Sindh government issued on Monday an official notification to appoint administrators in local government bodies across the province, a week after the tenure of the elected local bodies representatives ended. According to the notification, Iftikhar Ali Shallwani – a Grade-21 official who had recently been posted as the local government secretary – has been appointed as the Karachi administrator, while the deputy commissioners (DCs) in the city’s six district municipal corporations (DMC) have been appointed as deputy administrators for their relevant DMCs. Meanwhile, Grade-18 official Anis Ahmed Dasti…

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