If all plans for its electricity sector go ahead, the South Asian nation risks having a glut of coal and gas power capacity, with fleets running at a fraction of their capacity, warns a new study. akistan risks locking itself into polluting and expensive electricity generation capacity if it follows energy strategies laid out in its latest power expansion plan, a…
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ISLAMABAD: Pakistan Navy (PN) is reportedly reluctant to issue No Objection Certificate (NOC) for establishment of two new LNG terminals due to security concerns, well-informed sources in the Ministry of Maritime Affairs told Business Recorder. Sources said the ECC of the Cabinet’s decision of March 5, 2019 duly ratified by the Cabinet on March 19, 2019 and July 9, 2019…
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Chauhan further said that the PML-N had abused the country by banning renewable energy during the last two years of its tenure and doled out billions of rupees in the form of commissions for expensive power projects running on imported fuel. He said that the current government, under the wise leadership of Prime Minister Imran Khan, has thus far started…
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China National Nuclear Corporation (CNNC) said that the K2 unit at the Karachi Nuclear Power Plant in Pakistan has successfully completed Hot Functional Tests (HFT). The power plant is the first overseas unit using China’s homegrown Hualong One technology. The tests have laid a solid foundation for subsequent major processes, including nuclear fuel loading and grid-connected power generation, China Global…
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KARACHI: Finance Adviser Dr Abdul Hafeez Shaikh struck a gong at the stock exchange on Monday to mark the listing of the Pakistan Energy Sukuk II (PES-II) worth Rs200 billion. The government issued the 10-year Islamic bond back in June through its wholly owned company, Pakistan Holding Ltd, to generate cash for overdue payments in the power sector. Its listing…
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ISLAMABAD: The government has constituted a special committee to act as one-window operation for K-Electric and sought removal of the top leadership of the power utility over its alleged inability to ensure uninterrupted power supply and address disruptions within reasonable time after recent rains. Highly placed sources said the government members on the K-Electric board of directors had pushed for…
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