Month: March 2021

KARACHI: Central Power Purchasing Agency (CPPA) has approached the National Electric Power Regulatory Authority (NEPRA) seeking 54.8 percent increase in market operator fee to Rs3.002kwh/month for the fiscal year 2020-21. CPPA in its petition noted the agency’s revenue requirements for FY2020-21 were estimated at Rs853.61 million compared with Rs601.81 in the last fiscal year. In order to meet with the expenses for discharging the functions and plans mentioned, CPPA requires revenue to be approved by the NEPRA. CPPA has sought Rs695.46 million under general establishment costs and Rs184.44 million as…

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The Sindh government has decided to provide free-of-charge land to the firms that will install plants to use the municipal waste of Karachi to generate clean electricity. This decision was taken on Wednesday during a meeting that was held to finalise the policy to install waste-to-energy plants in the city. It was jointly chaired by Energy Minister Imtiaz Ahmed Shaikh and Local Government Minister Syed Nasir Hussain Shah. The meeting decided that besides providing free-of-charge land, the provincial government would also not levy any tax on the waste-to-energy projects that…

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A team of researchers at the University of Oslo has found evidence that shows Earth’s heat loss is more pronounced on one side of the planet than the other. In their paper published in the journal Geophysical Research Letters, the group describes creating models that represent Earth’s heat loss over the past 400 million years and what they showed. Prior research has shown that heat inside of the Earth makes its way to the surface, where it dissipates. Heat inside the Earth comes about from the degradation of radioactive elements and…

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ISLAMABAD: China on Thursday announced a gift of 500,000 doses of Covid-19 vaccine for Pakistan. “China would provide 500,000 doses of vaccine by Jan 31,” Foreign Minister Shah Mehmood Qureshi said after a telephone conversation with his Chinese counterpart Wang Yi. He said the first consignment of vaccines was being given as a “grant assistance” and goodwill gesture by China. The vaccine being provided by China is manufactured by the state-owned firm Sinopharm and is said to boast an efficacy of 79 per cent. The vaccine has been approved for…

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