Year: 2020

Women in Energy and Women Engineers Pakistan Host Largest Digital Job Fair STEM Forward 2020

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More than 1400 students, engineers and energy-sector professionals from Pakistan, South Asia and across the globe participated in the first ever digital job fair during the pandemic time. This two-day event is organized byWomen In Energy Pakistan (WIE) in partnership with fellow women-led communities,Women Engineers Pakistan, Women In Tech PK, and Code Girls, to promote workforce participation of women in the STEM and the Energy sectors. STEM Forward 2020 Job Fair was designed in response to COVID-19 to it help connect anxious fresh graduates and young professionals with STEM and…

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Revision in IPPs’ agreements to reduce per unit cost by Rs 1.4: Asad Umar

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Minister for Planning, Development and Special Initiatives Asad Umar Monday said that review in agreements with Independent Power Producers (IPPs) would help reducing the per unit price of electricity by over Rs 1.4. In 2022, the price would go down by Rs 0.74 while in 2023, it would be cut by Rs 0.66 per unit, the Minister said while talking to media here. With the agreements with IPPs, the consumers would get a huge relief of over Rs300 billion in three years, Said Asad. He said the government decided to…

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$50bn housing project threatens mangroves on Pakistani island

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A short boat ride from the shores of Karachi, stately mangrove trees hug the quiet shores of an island inhabited solely by a few camels that environmentalists say provides vital coastal protection to Pakistan’s largest city. But the calm of Bundle Island is at risk, with Prime Minister Imran Khan determined to turn it into an enormous real-estate project to ease pressure on the expanding megacity, home to 20 million people. The $50bn housing development has pitted regional leaders against the central government, with local activists and lawmakers accusing the…

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Major Metals Producer Pivots To Renewables

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Australia-based iron ore giant Fortescue Metals Group Ltd plans to start producing renewable energy from wind, solar, hydrogen, and ammonia in 2022 or 2023, with an ultimate goal to have as much as 236 gigawatts (GW) of clean energy capacity, founder and chairman Andrew Forrest told Bloomberg in an interview on Monday. Fortescue Metals Group, set up in 2003, currently exports 175 million tons to 180 million tons of iron ore annually, and, according to Bloomberg, the firm is the world’s fourth-largest exporter of iron ore. Fortescue Metals Group plans…

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Libya’s Oil Company Clashes With Central Bank Over Earnings

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Libya’s National Oil Corporation (NOC) will not be transferring the revenues from crude oil sales to the Central Bank of Libya until the bank adopts transparent policies on the spending of those revenues, the Libyan state oil firm said on Monday. NOC was responding to a statement from last week from the Central Bank, which, the oil firm says, provided false and misleading figures about the revenues and expenditures between January and October this year. According to NOC, the state oil firm deposited US$3.7 billion to the central bank in…

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