Month: December 2020

Shahid Khaqan says: Through late purchase of 12 LNG ships, govt inflicted Rs17 bn losses

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ISLAMABAD: Former prime minister and minister for petroleum Shahid Khaqan Abbasi told a private news channel on Friday that despite increasing gas demand in winter, the PTI government did not float tenders, and inflicted Rs17 billion losses on the country through purchase of 12 cargo ships. He said if electricity would be produced through diesel, it would cost the country dearly. He said had the government issued tenders on time, it would have been able to purchase cheap LNG. He said the world was requesting Pakistan to purchase gas for…

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Due to wrong PML-N pacts: Pakistan paying Rs84.3m per day to LNG terminals, says Nadeem Babar

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ISLAMABAD: Special Assistant to Prime Minister Nadeem Babar said on Friday Pakistan was paying Rs84.3 million per day because of ill-conceived agreements of the previous government. Speaking in a private channel programme, he said that the terminal was being paid in full for 10 months, but no gas was received. He claimed that it had become hard to supply cheap gas to domestic users due to the previous government’s agreements. Now they have to pay at least Rs1,400 per month, instead of Rs250-300, he added. While conceding that the country…

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Experts highlight barriers in development of EVs

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Lahore: Energy experts have highlighted major issues and challenges on the development of electric vehicles (EVs) which included higher prices and barriers in the availability of the grids along the major highways. One day CPD training was conducted by Energy Training and Research Center (ETRC) Lahore on November 28, 2020, on “electric vehicles and energy storage”. Dr Izza Anwer was the resource person for Electric Vehicles and Energy Expert Engr. Faiz Bhutta was the resource person on Energy Storage and Businessman Mir. Zaffar Jabbar was the presenter on practical issues…

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Scrapping imported coal projects, Pakistan fails to let go of local lignite

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Pakistan’s contribution was one of the few bright spots at the recently concluded virtual Climate Ambition Summit. Prime Minister Imran Khan announced that two major coal projects would be scrapped and declared the country will have no more “power based on coal” but instead build more hydropower. However, it became quickly apparent Khan’s statement will not affect the over 7,000 MW of coal power the country has recently built or is in the pipeline under the China Pakistan Economic Corridor. The two coal power projects mentioned had already been scrapped…

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LONGi’s high-power Hi-MO5 modules gain traction in Pakistan with 20MW contract from Attock Cement Pakistan Limited

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In early December 2020, ACPL concluded a multi-party agreement with PROTECH (as EPC contractor for the project), LONGi (as module supplier) and TBEA (as inverter supplier) along with Attock Energy (Private) Limited as lead consultant for erection, procurement and commissioning of the solar project. The project will be set up in Balochistan and is scheduled to commence operations in the second quarter of 2021. ACPL’s decision to partner with LONGi for its first PV power plant investment is one that was carefully considered and is therefore a clear indicator of…

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