Year: 2020

WB reviews Tarbela 4th extension hydropower project

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LAHORE: The World Bank Mission conducted a review of the status of implementation of Tarbela 4th extension hydropower project. The seven-member mission consisted of energy specialist and mission leader, senior procurement specialist, advisor, social development specialist, environment specialist, operations officer and programme coordinator. In its implementation support mission aide memoire shared with the ministry of water resources, ministry of energy, power division, and economic affairs division, the World Bank has appreciated the successful implementation and effective operation of the 1410 MW-Tarbela 4th extension hydropower project completed in 2018 in a…

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Experts stress shift to solar power

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ISLAMABAD: Energy experts have stressed the need for a strong and broad consensus among key stakeholders for curbing coal-based power generation and diverting 60% of energy mix to renewable resources by 2030 in Pakistan. At a consultative meeting held at the Institute of Policy Studies (IPS) on Tuesday, they termed solar power an irresistible and promising solution for advancing the renewable energy uptake to remove the chronic bottlenecks plaguing the national power sector. The speakers talked about how several barriers including regulatory bumps at the inter-connection phase, low trust in…

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Coal-based power generation must be checked

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Islamabad: There was a broad consensus among key stakeholders during a consultative meeting on the need for checking coal-based power generation in the country and diverting 60 per cent of the total energy mix to renewable energy by 2030. The meeting was held at the Institute of Policy Studies to discuss IPS study on ‘barriers surrounding distributed generation’ with IPS executive president Khalid Rahman in the chair. The event was moderated by former water and power secretary Mirza Hamid Hasan and addressed by Asad Mehmood of the National Energy Efficiency…

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ECC may allow WAPDA to float Eurobonds

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ISLAMABAD: The Economic Coordination Committee (ECC) is set to allow the Water and Power Development Authority (Wapda) to float Eurobonds in the global market for raising $500 million to meet foreign financing needs for Mohmand and Diamer-Bhasha dam projects. Sources told The Express Tribune that the Ministry of Water Resources had tabled a summary before the ECC, seeking approval to allow Wapda to issue Eurobonds. Official sources said that Wapda needed a total of $2.1 billion in foreign financing. Initially, Wapda plans to issue Eurobonds to generate $500 million to…

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BMP rejects hike in gas, petroleum prices

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The businesscommunity has rejected the increase in prescribed gas pricesas well as petroleum prices, Presidential Candidate of Businessmen Panel (BMP) Nasser Hayat Magoon, in a press release issued on Tuesday, said that the present government was adding to the miseries in the life of common man by its negligence to resolve the public issues. “The inadequate supply of gas to domestic users in winter season keeps them far from the cup of tea.” He said that if the incumbent governmenthad imported the LNG on time than the situation has not…

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