In Asia, latest official data showed Singapore’s petrochemical exports surged by 51.4% year on year to Singapore dollar ($) 1.59bn in March, supporting the increase in overall non-oil domestic exports (NODX). The city-state’s NODX rose by 12.1% year on year in March to S$17.8bn, accelerating from the 4.2% expansion in February, according to Enterprise Singapore. Singapore’s non-electronic NODX, which includes…
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ISLAMABAD: With the current portfolio of $300 million for undertaking energy projects in Pakistan, USAID’s energy experts have said Pakistan would have to place a competitive market to fix problems of this important sector.https://e3fa250c3a490d9bbd8f7708d1127630.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html “USAID had so far invested over $800 million in the energy sector in Pakistan during the last 10 years. Our existing portfolio stands at $300 million,…
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Pakistan is finalizing a plan to address about 2.2 trillion rupees ($14.4 billion) of debt the government owes to the energy sector, a liability that’s doubled in the past two years as power purchases outstripped demand. Islamabad aims to pay 400 billion rupees in late fees to several electricity producers by June in a deal to cut power costs, and…
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Water and Power Development Authority (WAPDA) has been executing various projects with an estimated cost of around US $ 26 billion to harness cheap hydel electricity potential besides ensuring water security. Few of these projects included Diamer Basha Dam, Mohmand Dam and Dasu, official sources told APP. These projects, scheduled to be completed one by one from 2022 to 2028-29,…
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The World Bank has a new report out this week on decarbonising maritime transport in which it specifically recommends countries pull back from investing in further LNG bunkering infrastructure. The World Bank has concluded that green ammonia closely followed by green hydrogen strike the advantageous balance of favourable features among a range of different candidate bunker fuels for ships. These…
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According to shipbroker Gibson, the current orderbook for LNG-fuelled vessels stands at over 130 ships, including 40 containerships. “Of these, Hapag-Lloyd has six 23,000 teu vessels under construction at DSME, CMA CGM has four 22,000 teu vessels on order, along with nine 15,000 teu vessels at HHI, while Eastern Pacific Shipping has 10 14,800 teu ships on order from HHI,”…
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Chinese encroachment into Tibet has finally yielded a trump card, and it’s one India can seemingly do little about. In July 2020, India and China fought a bloody skirmish in the Himalayas that left 20 Indian soldiers dead, according to unconfirmed reports. Relations between the two countries have been strained in recent years, particularly after a standoff in 2017 involving the…
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COAS was given a detailed brief on ongoing and future projects of Fauji Foundation and a review of various set-ups working under it. General Bajwa appreciated the performance and commitment of Fauji Foundation towards the provision of quality services and assured them of his full support in all future endeavors. During the visit, COAS also inaugurated a 100-bed Hospital and…
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Facebook has signed a deal to buy renewable energy in India from a local firm’s wind power project, the social media giant’s first such deal in the South Asian nation, the companies said on Thursday. Facebook also said that as of 2020, the company’s global operations were supported wholly by renewable energy and that it has reached net-zero emissions. The 32…
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