Month: August 2021

China to help Pakistan seize wave of technological revolution

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In the context of the fourth industrial revolution and the digital economy, new industries are emerging, and China will help Pakistan seize the wave of the technological revolution to “overtake” and achieve leapfrog development. In particular, in the process of promoting industrial cooperation and industrial park construction in China Pakistan Economic Corridor (CPEC), it is necessary to firmly grasp the opportunity of science and technology innovation to lead economic development, actively apply new technologies and cooperate in emerging industries, such as energy conservation and environmental protection, electronic communication, bio-industry, new…

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Milestone Achieved on Mohmand Dam

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The Pakistan Water and Power Development Authority (WAPDA) has achieved yet another major milestone towards completion of river diversion system of Mohmand Dam Project, as two portions of Diversion Tunnel 2 of the project have been connected with precision. The project management achieved this milestone today during the mining operation at the diversion system by breaking through two portions of Diversion Tunnel 2 – one from the access tunnel side while the other from outlet portal. WAPDA Chairman Lt Gen Muzammil Hussain (Retd), Mohmand Dam General Manager and Project Director…

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Rs6.7bn refund to consumers approved by Nepra

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National Electric Power Regulatory Authority (Nepra) has approved a refund of Rs 6.7 billion to the consumers of Discos for a period of 12 months on account of Quarterly Adjustment (QTA) pertaining to the 3rd Quarter of FY2020-21. The allowed benefit amount has an impact of around Paisa 6.7/kWh on uniform basis on all consumers except lifeline and increment industrial sales eligible for industrial support package. The Authority has decided to start implementation of decision from October 1, 2021 which will remain applicable for one year. Discos under Single Year…

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New subsidy mechanism: Power Division moves Nepra for approval

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The Power Division has approached National Electric Power Regulatory Authority (Nepra) for approval of a new subsidy mechanism for domestic consumers of Discos and KE, meant to bifurcate domestic consumers in more categories for higher revenue generation. The purpose of the new mechanism is to expand definition of lifeline consumers to include residential non-Time of Use (ToU) consumers having maximum of last twelve months and current month’s consumption, which implies for 100 units two rates for 50 and 100 units per month will continue. The new tariff subsidy policy is…

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Multi-million dollars AMI project: No loan if scope of project gets changed, ADB tells Power Division

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The Manila-based Asian Development Bank (ADB) has communicated to the Power Division in plain words that it will not extend $400 million loan for multi-billion dollars Advanced Metering of Infrastructure (AMI) project if its scope is changed and also communicated to the government to pay over $2.2 million penalty as commitment charges for not utilising the loan for the project under the existing scope, a senior official in the Ministry of Energy told The News. The Advanced Metering of Infrastructure (AMI) project was conceived and approved in 2016 by the…

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