Day: April 25, 2021

ISLAMABAD: The Privatisation Commission (PC) is to propose to the Cabinet Committee on Privatisation (CCoP) to include provincial stakes in the management contracts of power Distribution companies (Discos) as envisaged in the sell-off process. According to Special Assistant to Prime Minister on Power and Petroleum, Tabish Gauhar, the issues of Hyderabad Electric Supply Company (Hesco) and Sukkur Electric Supply Company (Sepco) are being considered with reference to developing a provincial stake in their privatisation process. In this regard, he said, three different scenarios were presented for consideration of the CCoE…

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ISLAMABAD: The Power Division Thursday notified Board of Directors (BoDs) of three more power Distribution Companies (Discos) after formal approval of the Cabinet. On April 13, 2021, the Power Division apprised the Cabinet that there were ten Distribution Companies (Discos) under the administrative control of Ministry of Energy (Power Division). These Discos are Public Sector Companies (PSC) as defined under Section 2 (1) (54) of the Companies Act, 2017 and Rule 2(1) (g) of the Public Sector Companies (Corporate Governance) Rules, 2013 (CGR). Since, the Federal Government owned these Discos,…

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Operation began on Tuesday on the world’s largest solar powered hydrogen plant in China. The project, owned by Baofeng Energy Group, uses a 200-MW solar power plant located in northwest China’s Ningxia Hui Autonomous Region to electrolyze water to make hydrogen, which replaces coal.

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