Day: April 23, 2021

Chinese investors keen to invest in mining, power sectors

Admin

A visiting delegation of Chinese investors from Sichuan Province on Thursday expressed keen interest for investing in different sectors of Pakistan’s economy, particularly exploiting huge opportunities existing in power generation and mining sectors.https://www.facebook.com/v2.9/plugins/quote.php?app_id=106170627023&channel=https%3A%2F%2Fstaticxx.facebook.com%2Fx%2Fconnect%2Fxd_arbiter%2F%3Fversion%3D46%23cb%3Dfea469040a3b8%26domain%3Dnation.com.pk%26origin%3Dhttps%253A%252F%252Fnation.com.pk%252Ff38090fb1e2bb94%26relation%3Dparent.parent&container_width=779&href=https%3A%2F%2Fnation.com.pk%2F23-Apr-2021%2Fchinese-investors-keen-to-invest-in-mining-power-sectors&locale=en_US&sdk=joey The delegation visited Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and met with Chairman Haji Quran Ali and Coordinator Miza Abdul Rahman. Chinese investors expressed their desire to invest in mining, minerals sector and small power projects as there was broad investment potential in the fields of mines and minerals, hydropower, agriculture, tourism, construction and…

Read More

The Key Role of LNG and Hydrogen in the Energy Transition

Admin

The majority of the world’s governments have committed to the Paris Agreement. The majority of countries in the world are aiming to reach peak emissions as soon as possible and have set their eyes on carbon neutrality. But shipping’s place in the Paris Agreement’s global ambitions is complex. It is an international industry that isn’t easily included in national regulations. Despite that, I believe that the majority of the ship owners and managers feel an immense responsibility to decarbonize, and I know that there is plenty of commercial opportunity in…

Read More

CCOE approves National Electricity Plan

Admin

The Cabinet Committee on Energy (CCOE) has endorsed and recommended the National Electricity Plan and Indicative Generation Capacity Expansion Plan (IGCEP) for presentation to the cabinet. The CCOE meeting was chaired by Federal Minister for Planning, Development and Special Initiatives Asad Umar in Islamabad on Thursday. The Power Division presented the summaries of the National Electricity Plan 2021 and IGCEP. The committee endorsed and recommended the National Electricity Plan and IGCEP for presentation to the cabinet. The Ministry of Energy was advised to include the opinion of the Law Division…

Read More

Power generation rises 30% in March

Admin

Power generation soared by a record 30% to 8,965 gigawatt hours (GWh) in March partly due to industries shifting from own power generators to the national grid in the wake of growing domestic gas crisis. Simultaneously, the cost of fuel component in the overall electricity production climbed almost 14% to Rs5.55 per unit due to power producers’ increased reliance on expensive imported fuels like RLNG and coal amid low supplies of the locally produced gas to power producers. “The government’s decision to halt gas supply to captive power plants (at…

Read More

Pakistan will shift to 60pc clean energy by 2030, world assured

Admin

WASHINGTON: Pakistan assured the international community on Thursday that it would shift to 60 per cent clean energy and 30pc electric vehicle use by 2030. Addressing the US-initiated Leaders Summit in Washington, Special Assistant to the Prime Minister on Climate Change Malik Amin Aslam also urged developed nations to fulfil their commitment to help others make this transition from carbon-based to clean energy. “We have committed ourselves to 60pc clean energy and 30pc electric vehicle transition by 2030. So, Pakistan is clearly doing more than its share for the climate…

Read More