Month: November 2020

Expensive energy ‘biggest’ problem

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EDITORIAL: Prime Minister Imran Khan while addressing the World Economic Forum (WEF)-sponsored Country Strategy Dialogue on Pakistan stated that expensive energy is Pakistan’s “biggest” problem – 25 percent more expensive than in neighbouring India. The Khan administration should be given credit for the Memoranda of Understanding (MoUs) signed with Independent Power Producers (IPPs) that would reduce the negative impact of the financially crippling contracts on end consumers, industrial, commercial and householders – contracts signed by previous governments. It is also not in question that the PPP-led coalition government (2008-13) and…

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Netherlands co keen to invest $1.3bn for Desalination & Power Plants in Karachi

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AWTEC Netherland, a Dutch company has expressed its intention to establishment of desalination plants and power generation from a garbage plant in Karachi, Sindh with the investment of $ 1.3 billion. As per details, the proposal was presented in a meeting presided over by Prime Minister Imran Khan about Pakistan Islands Development Authority (PIDA) and Ravi River Urban Development Authority (RUDA). The Dutch also exhibited an interest in investment in the Ravi City Project and the establishment of a renewable energy plant in Lahore. It may be mentioned here that…

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U.S. Regulators Launch An Investigation Into Tesla Safety Issues

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In what appears to be a continuing spillover from Tesla’s recent contested recall of its Model S and Model X vehicles in China due to suspension issues, U.S regulators are now investigating the issue. The U.S. NHTSA announced on Friday it had opened an investigation into about 115,000 Tesla vehicles over front suspension safety issues, according to Reuters. It said it would be looking into 2015 to 2017 Model S and 2017 to 2017 Model X vehicles after having received “43 complaints alleging failure of the left or right front…

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Shipping Giants Clash With The EU Over Emissions Plans

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Japan, South Korea and a fleet of international shipping groups have warned the European Union against its plan to add greenhouse gas emissions from the maritime sector to Europe’s carbon market. As the 27-country EU seeks to steer its economy towards “net-zero” emissions by 2050, the executive European Commission wants to expand its carbon market to shipping. Currently, the policy requires power plants, factories, and airlines running European flights to buy pollution permits to cover their emissions. The proposal, formally due by next summer, has already run into opposition. “The application…

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