The Cost of Pakistan’s Dam Obsession

In August 2018, seated behind a large desk and looking straight into the camera for his inaugural address, Prime Minister Imran Khan declared that building dams was the only way to tackle Pakistan’s existential water problems. Fast forward a few years and the Water and Power Development Authority (WAPDA) has started construction on two major hydroelectric projects: Mohmand in Khyber Pakhtunkhwa and Diamer-Bhasha in Gilgit-Balististan. The latter, a 272-meter behemoth, is billed as the highest roller compacted dam in the world. With a storage capacity of 8.1 million-acre-feet, it’s also…

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Shanghai Electric’s Ongoing Corporate Social Responsibility Efforts Receive Award from All-Pakistan Chinese Enterprises’ Association

SHANGHAI, March 4, 2021 /PRNewswire/ — Shanghai Electric (the “Company”) (SEHK: 02727, SSE: 601727), the world’s leading manufacturer and supplier of electric power generation equipment, industrial equipment and integration services, has received the Annual Corporate Social Responsibility Award from the Karachi branch of the All-Pakistan Chinese Enterprises’ Association (APCEA). The award recognizes the Company’s contribution to the social development of the region in 2020, and its active commitment to CSR. “We are truly honored to receive this recognition from the APCEA. Shanghai Electric will continue to promote the development of the China-Pakistan Economic Corridor…

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Qatar embarks on LNG sales campaign after approving expansion

Executives from the top exporter of liquefied natural gas are jetting around the globe in a whirlwind bid to strike competitive deals with the fastest growing customers. They need to. Qatar, the world’s largest producer of the fuel, last month approved a $29 billion plan to boost capacity at its LNG export facility by 64 percent this decade, and is now urgently seeking to lock-in contracts and undercut rival developers from the U.S. to Australia. That’s why Qatar Petroleum executives were last week in Pakistan to sign a supply deal and pose for photos…

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No Differences Among OGRA Members Over Commercial Licensing Of Flare-gas: Spokesman

ISLAMABAD, (APP – UrduPoint / Pakistan Point News – 4th Mar, 2021 ) :Oil and Gas Regulatory Authority (OGRA) on Thursday rejected a news item appearing in some sections of media regarding differences among its members over the issuance of flare-gas licences for commercial use. “It is categorically rebutted that the authority has any differences on the issue of licensing of ‘Flare Gas’ for utilization in industry,” OGRA spokesman Imran Ghaznavi said in a press statement.�He said the decision on licences would be made on completion of the requisite documents…

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Demands of LPG producers go unheeded

ISLAMABAD: A sub-committee constituted to make recommendations for a new liquefied petroleum gas (LPG) policy has turned down major demands of state-run LPG producers that called for imposing regulatory duty on LPG imports and maintaining advance income tax to end price distortion. Oil and Gas Development Company (OGDC), Pak Arab Refinery Limited (Parco) and Pakistan Petroleum Limited (PPL) are the state-run companies that are producing LPG. They said that the government should maintain the prevailing advance income tax on LPG imports as this is an advance tax and is adjustable against final…

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CCoE asks for assessment before reducing port charges for LNG

ISLAMABAD: The Cabinet Committee on Energy (CCoE) on Thursday did not immediately allow reduction in port charges on handling of liquefied natural gas (LNG) demanded by the Petroleum Division and ordered an independent assessment to reach a decision on charges competitive in the region. At a meeting of the CCoE presided over by Minister for Planning and Development Asad Umar, the Petroleum Division complained that Port Qasim Authority (PQA) had been handling charges on LNG vessels that were the highest in the region and yet was not spending these funds…

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Govt to privatise 44 entities by 2025

ISLAMABAD: The International Monetary Fund (IMF)-backed first review of Pakistan’s bleeding public sector enterprises has identified 44 entities for privatisation, including the power companies that are causing big losses, despite a 50% reduction in losses in the first year of current government. The review of 84 commercial state-owned enterprises (SOEs) has been completed as part of the structural benchmarks set by the IMF and supported by the World Bank and the Asian Development Bank (ADB), according to the “SOEs Triage: Reforms and Way Forward” report that the Ministry of Finance released on Thursday.…

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Clean up activity at Pir Sohawa Road

Islamabad: Volunteers including men, women and children collected 120 large bags of garbage and trash from three viewpoints of Margallah Hills on Thursday. The spring cleanup activity at Pirsohawa Road was organised under the Prime Minister’s campaign of ‘Clean and Green Pakistan’ by the SMEC Oil & Gas in collaboration with Islamabad Wildlife Management Board (IWMB). The Margallah Hills National Park is the hallmark of Islamabad’s beauty. There are many viewpoints established on the Pirsohawa Road from where one can witness breathtaking views of twin cities. Unfortunately, due to apathy…

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Pakistan tops in providing low-priced petroleum products among regional countries

ISLAMABAD: Despite financial constraints and substantial increase in the prices of petroleum products at the international market, the Pakistan Tehreek-i-Insaf (PTI) government has not passed on its impact to the common man by maintaining the rates at lowest level as compared to regional countries. Pakistan is standing atop in providing the low-priced petroleum products for the welfare of its masses among regional countries, and on the 18th position in a list of 167 countries of the world, according to an official document available with APP. The present petroleum rates in…

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K-Electric to add 450 MW by May 21

KARACHI: The first 450 MW unit of RLNG-based BQPS-III project is scheduled to come online by May 2021 which would help improve K-Electric’s generation fleet efficiency from 38% in FY 2020 to 48% in FY 2023. Chief Financial Officer KE, Aamir Ghaziani, in a corporate briefing held via webinar on Wednesday, reiterated KE’s commitment with taking Karachi to a power surplus position by 2022 and informed that upcoming 900 MW RLNG-based BQPS-III is proceeding as per expected timelines while of renewable energy projects of 350 MW were also in the…

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