Month: April 2021

Power Division notifies BoDs of three more Discos

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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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Chinese investors keen to invest in mining, power sectors

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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…

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The Key Role of LNG and Hydrogen in the Energy Transition

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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…

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CCOE approves National Electricity Plan

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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…

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