Month: March 2021

PESHAWAR: In an important development for the country’s energy sector, the Khyber Pakhtunkhwa government has signed a contract agreement for the construction of 300-megawatt Balakot Hydropower Project with a Chinese company. As per details, the 300MW power project would be constructed with an estimated cost of Rs850 billion in a period of six years with financial assistance from the Asian Development Bank. A ceremony to this effect was held on Tuesday with Chief Minister Khyber Pakhtunkhwa Mahmood Khan as chief guest. Concerned authorities from the Pakhtunkhwa Energy Development Organization and the…

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ISLAMABAD: Pakistan auto parts industry has urged the government to review Electric Vehicle (EV) policy owing to severe implementation gaps, Munir Bana, Chief Executive of Loads Limited, a leading auto parts manufacturer said on Wednesday. While arguing for the review of EV policy, he said that as per Pakistan’s economic survey, Pakistan electricity production is still 58.4 percent dependent on thermal sources, such as Coal, LNG, RLNG and furnace oil. Without changing the mix in energy sector, CO2 emissions will only shift from vehicle tail pipes in urban city centers…

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KARACHI: The inaugural ceremony of the solar power generation project at the University of Karachi held at the Arts Auditorium of the institution , ARY News reported on Wednesday. Sindh’s Law and Environment Adviser Barrister Murtaza Wahab reached the university to attend the ceremony. The solar power generation system will save precious funds of the university being spent to pay electricity bills of the city’s main public sector university. Solar panels with 30 KW capacity for power generation have been installed at the Arts Faculty of the Karachi University, according…

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ISLAMABAD-The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved to revise upwards the margins of oil marketing companies (OMCs) and dealers on petroleum products, which would increase the oil prices in the country. Petroleum Division updated the ECC about the recommendations firmed up by a sub-committee established in line with the earlier decision of the ECC dated Jan 28, 2021 regarding review of oil marketing companies (OMCs) and dealers margins on petroleum products. After detailed discussion, the ECC approved to revise OMCs and dealers margins on the basis…

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Mr. Babar spoke about the global inequalities prevalent among nations in the economic, technological and energy consumption space. He said that technology has tremendously enhanced the production, conversion and usage efficiencies in the energy sector and that it will continue to transform the ways in which energy is produced and utilized. “World is moving away from fossil fuels to clean energy resources and we cannot pursue the opposite direction”, he said; “however, apart from electricity generation, we could also utilize coal for production of chemicals, synthetic diesel and fertilizers”. Speaking…

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