Day: March 22, 2021

ISLAMABAD: The government and Karachi Electric (KE) are said to have narrowed down differences on Terms of Reference (ToRs) on Arbitration Agreement (AA) but there is a bumpy road ahead as influential “spoilers” are making last ditch effort to create confusion at the top level, well informed sources told Business Recorder. “We are making our best effort to sort out differences. Consensus has evolved on most of the issues but a couple of matters still require an agreement between the parties,” the sources added. The legal counsels of both sides…

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ISLAMABAD: The government is likely to withdraw subsidy available to electricity consumers using 201 to 300 units monthly gradually on the plea that provision of subsidy is not possible due to power sector’s financial woes, well informed sources told Business Recorder. According to the proposed subsidy plan for FY 21, residential consumers with an average of 300 units of monthly consumption will be targeted for subsidy, estimated impact Rs 19.4 billion. For gradual reduction of subsidies from those consuming up to 300 units introduction of more tariff slabs for larger…

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As many as 16 wind and solar power projects with a cumulative capacity of 860 MW have  successfully achieved Financial Closing which will expected to be fully operationalized by  2021. Official sources told APP here that in compliance with the CCOE’s decision, Alternative Energy Development Board (AEDB) has actively been facilitating the Alternative Renewable Energy (ARE) projects that were discarded by the past government on December 12, 2017. They said that ARE projects were placed in three categories. Under category-1, 19 projects of 531 MW that have already been issued…

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Special Assistant to the Prime Minister (SAPM) on Climate Change Malik Amin Aslam Sunday said forest restoration was killing two birds with one stone as it helped in biodiversity conservation and local communities’ well-being and development.  In his message on World Forests Day, he said Prime Minister Imran Khan’s vision of Ten Billion Tree Tsunami Plantation (TBTTP) project aimed at forest conservation. The theme for this year’s International Day of Forests 2021 is “Forest restoration: a path to recovery and well-being.” Amin said the plantation project in Khyber Pakhtunkhwa helped…

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Sindh Governor Imran Ismail on Sunday launched an urban forest project at the Governor House to mark International Day of Forests. The urban forest would be developed on an acre inside the Governor House using the famous Japanese Miyawaki technique. Saplings of 1,260 different plant and trees species would be planted under the project conceived to further the 10 billion tsunami tree plantation programme of the federal government. Speaking on the occasion, the governor mentioned that a Japanese botanist after research of 60 years invented the Miyawaki method of growing…

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