Solar industry needs special tax regime for energy independence of Pakistan

Karachi: The solar industry in Pakistan deserves a special and viable tax regime to enable it to unlock its true potential and to help the country in its drive to become self-reliant and independent in the energy sector with the least harm to the environment. This demand was made by the representatives of the solar industry who participated in the…

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Study: Expanding Renewable Energy in Illinois to 40% by 2031 Will Save Consumers and Businesses $1.21 Billion

A study performed by the Power Bureau, led by former Illinois Power Agency Director Mark Pruitt, finds that fully funding the expansion of Illinois’ renewable energy program will result in lower electric bills for Illinois ratepayers. The study, “Cost Analysis of Renewable Energy Deployment in Illinois,” compared the additional funding needed to reach a 40% renewable energy goal with the impact…

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Malaysia’s Petronas adds three new vessels to global LNG fleet

Malaysia’s state oil firm Petroliam Nasional Bhd has expanded its global liquefied natural gas (LNG) fleet with three newbuild 174,000 cubic metres vessels, the company said on Thursday. The firm has signed an agreement with shipowner Hyundai LNG Shipping for the vessels that are expected to be delivered from the second quarter of 2024 and will mainly be used to…

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NTDC, Pak MLTC agree to extend project’s COD by six months

The government has extended the Commercial Operations Date (COD) of 660 kV HVDC Matiari – Lahore Transmission Line CPEC portfolio project from 1st March to 1st September 2021. Federal Minister for Energy (Power Division) Muhammad Hammad Azhar witnessed the agreement signing ceremony of addendum /amendment in agreement for 660 kV HVDC Matiari – Lahore Transmission Line Project between NTDC and…

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Tarin defers decision on IPP payments, LNG subsidy

ISLAMABAD: In his maiden meeting of the Economic Coordination Committee (ECC) of the cabinet, Finance Minister Shaukat Tarin deferred taking a decision on two crucial agenda items — payments to independent power producers (IPPs) and how to go ahead with subsidy on LNG supplies to export industries. Presiding over the ECC meeting, the newly inducted finance minister constituted two smaller…

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Hamad Azhar Assures To Start Work On All Approved Power, Gas Projects For Lakki District

PESHAWAR, (APP – UrduPoint / Pakistan Point News – 28th Apr, 2021 ) :Federal Minister for Energy Muhammad Hammad Azhar Wednesday assured that work on all approved power and gas projects for Lakki Marwat would be started soon. Talking to prominent and senior parliamentarian, Humayun Saifullah and Provincial Minister for Social Welfare Dr Hisham Inamullah Khan during a call on…

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Prosecution witness tells AC: No document produced in LNG case

The prosecution witness, on Wednesday, told the Accountability Court that he has not produced any document before it in the Liquefied Natural Gas (LNG) case where in accused former Chairman Oil and Gas Regulatory Authority (OGRA) Saeed Ahmed figured in. The prosecution witness, Abdur Rashid, Director Gas, while recording his statement before Accountability Court-II judge Muhammad Azam Khan, said that…

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