Month: April 2021

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 groups on both subjects to have focused discussions. A cabinet member said Mr Tarin appeared to have certain reservations over handling of the IPPs, but noted that the deals had…

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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 meeting at his office in Islamabad, he issued instructions to the concerned authorities to immediately start work on approved projects, said a press release issued here. Expressing gratitude to the…

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Rantex Pvt Ltd is a leading textile manufacturer, having been established in Pakistan for over 26 years. The project EPC is delivered by Green Volts Energy, a pioneer developer of low-carbon infrastructure in Pakistan and has been one of the most active players in the private solar sector. Green Volts has numerous project experiences, and is the first company to successfully deliver large scale distributed solar project in Pakistan. LONGi Solar’s 535Wp Hi-MO 5 series are chosen for the project given its high efficiency and compatibility in rooftop system installation.…

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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 there is no document on the record produced by him where in the name of accused former chairman OGRA figured in and no document produced by him in this court,…

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ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Wednesday said it would reduce electricity rates by 63-68 paisa per unit on account of monthly fuel cost adjustment for electricity consumed in March. This fuel cost adjustment is likely to provide power consumers a relief of Rs5.4 billion for the month. At the public hearing presided over by Nepra Chairman Tauseef H. Farooqui on monthly fuel cost adjustments, the Central Power Purchasing Agency (CPPA) and National Power Control Centre (NPCC) remained under criticism for almost 12 months running for utilising…

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