Year: 2020

Ending Monopolies

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Karachi is suffering under double load-shedding-Electricity and Gas. Both companies are blaming each other. Karachi, being on the coast, should not have had gas problems, but for its gas company. Northern Pakistan would have additional problem of lack of pipeline, even if additional gas is made available either through imports or local production. There is a popular demand of ending KE monopoly already. We would like to add gas to this and examine the pros and cons of the proposal in the following: However, it is possible to introduce two…

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IRENA’s Collaborative Framework on Hydropower Takes Shape

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Advancing the discussion from June 2020, the International Renewable Energy Agency (IRENA) held its second meeting of the Collaborative Framework on Hydropower. With more than 100 attendees from 49 Members and States in Accession, the virtual meeting witnessed a high level of engagement to take advantage of the knowledge and expertise that exists within the Agency and its global Membership. The two-hour session was moderated by H.E. Mr. Jean-Christophe Fueeg, Head of International Energy Affairs at the Federal Department of the Environment, Transport, Energy and Communications of Switzerland. Today, hydropower is…

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NEPRA completes hearing into 98 paisa power tariff hike

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ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) on Wednesday completed hearing on a petition filed by Central Power Purchase Agency (CPPA) on behalf of ex-WAPDA power distribution companies for 98 paisa per unit increase for August under monthly fuel adjustment mechanisms. The power regulator decided to give a decision after verification of data provided by CPPA. The decision would be issued after verification of cost of high speed diesel and furnace oil. It was told that electricity of over Rs. 11 billion was generated through expensive furnace oil and…

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ECC approves golden handshake plan for PSM employees: sources

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ISLAMABAD: The Advisor to Prime Minister on Finance Abdul Hafeez Shaikh has approved plan for golden handshake to the employees of the state-owned Pakistan Steel Mills (PSM), citing sources, ARY News reported on Wednesday. The plan was approved by PM’s aide on finance Abdul Hafeez Shaikh while chairing the meeting of Economic Coordination Committee (ECC) to discuss a six-point agenda today. The committee also approved Rs19.65 billion funds for golden handshake plan for PSM employees. Moreover, Rs11.6 billion funds were allocated for the clearance of dues of non-petitioner employees of the state…

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Former K-Electric chief Tabish Gauhar appointed SAPM on power

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The former chief executive officer of K-Electric Tabish Gauhar has been appointed as the Special Assistant to Prime Minister (SAPM) Imran Khan on Power. According to a notification issued today by the Cabinet Division, said that the PM has been pleased to appoint Tabish Gauhar as Special Assistant to the Prime Minister on Power with immediate effect. The notification added that Gauhar’s appointment shall be in an honorary capacity. Gauhar served as KE CEO for six years before resigning in 2015. He is also the founder and chairman of Oasis…

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