Day: May 21, 2021

Moody’s said that the BCA of b3 reflects WAPDA’s dominant position in supplying hydropower and developing water resource infrastructure in the nation, and the recurring financial support from the Pakistani government, which is closely linked to the government’s fiscal budget. Moody’s Investment Service (Moody’s) has assigned a B3 corporate family rating to Pakistan’s Water and Power Development Authority (WAPDA). Moody’s on Thursday in a statement said that it has completed a periodic review of the ratings of WAPDA and other ratings that are associated with the same analytical unit. The…

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The world’s top exporter of liquefied natural gas is ramping up production dramatically and undercutting competitors in a bid to squeeze them out the market. Qatar is dropping prices and pushing ahead with a $29 billion project to boost its exports of the fuel by more than 50%, stymieing the prospects of new plants elsewhere. It’s also established a trading team to compete in the nascent spot market and pushing into Asia more aggressively, according to people familiar with the matter. The strategy marks a shift for Qatar, which has…

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The Biden Administration’s ambitious plans to scale up renewable energy in the U.S. will have a wider impact on the energy landscape in the middle East, especially in the Arabian Gulf, according to the top official of a global body, experts and major industry players in the region. Talking to Emirates news Agency (WAM) about Biden’s plan to make the U.S. a 100 percent clean energy economy with net-zero emissions by 2050, Francesco La Camera, Director-General of International Renewable Energy Agency (IRENA), said such efforts are likely to encourage “incredible…

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Ministry of Energy (Power Division) has appointed Engr. Muhammad Ayub as Managing Director National Transmission and Despatch Company (NTDC) as stopgap arrangement. The board of Director NTDC has recently promoted him as Deputy Managing Director Planning and Engineering (P&E), said a press release. The spokesman of NTDC has said that Engr. Muhammad Ayub did his Master of Engineering (Power System) from University of Technology Lahore. He also holds Master Degree in Public Administration from Virtual University Islamabad. Muhammad Ayub enjoys more than 36 years of local and international engineering experience…

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The briefing highlighted that increased use of CNG in the transport sector, including long route vehicles and buses, would lead to reduction of fuel cost and subsequently transport fares could drop by about 33 per cent, benefiting the commuters. “The import of LNG by private sector will eventually benefit the whole chain in the CNG sector from the sellers to vehicle owners,” Mr Paracha said. The briefing highlighted that increased use of CNG in the transport sector, including long route vehicles and buses, would lead to reduction of fuel cost…

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