Day: September 20, 2021

Chinese companies are ready to invest $15 billion in Pakistan’s petrochemicals sector in Gwadar, including the project of energy pipeline from Gwadar to China. In this regard, Board of Investment (BOI) Federal Secretary Fareena Mazhar on Sunday said bilateral talks were underway for investment in various projects related to Chinese investment in Pakistan. It was hoped that in the future, Chinese companies would bring investment in Pakistan in the fields of energy, agriculture, tourism and others. She said the government wanted to promote Small and Medium Enterprises (SMEs) culture in…

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Chairman National Electric Power Regulatory Authority (NEPRA) Tauseef H. Farooqi along with other members Rafique Ahmad Shaikh, Engr Maqsood Anwar Khan and CSR consultant, Huma Zafar Sunday visited Gul Ahmed, Master Wind Energy & Tricon Boston Wind Power Plants located in the wind corridor in Jhimpir, District Thatta, Sindh. The visit aimed at observing the level of performance and delivery of the wind power projects ensuring that along with the quality services, power also brings prosperity for the local underprivileged communities by providing them basic needs and employment opportunities, said…

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A day before, Senate Standing Committee on Planning and Development chairman Saleem Mandviwala had stated the Chinese were not satisfied with the pace of work on CPEC and no progress on the portfolio was seen during the last three years. “They (Chinese) are crying… the Chinese ambassador has complained to me that you (PTI government) have destroyed CPEC and no work was done in the past three years,” he said. Special Assistant to the Prime Minister (SAPM) on CPEC Affairs Khalid Mansoor was reported to have endorsed Mr Mandviwala, saying…

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People and their managers are working so hard to be sure things are done right that they hardly have time to decide if they are doing the right things.” Stephen Covey’s above statement aptly fits the back-and-forth shuttling that is currently going among the NTDC, NEPRA, and the government on the draft Indicative Generation Capacity Expansion Plan (IGCEP). In the midst of heated arguments as to whose projects should be included in the Plan, our decision-makers have completely missed the fact that the very foundation, “least-cost centralized planning”, on which…

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LONDON, Sept 13 (Reuters Breakingviews) – Natural gas is having its moment in the sun. The price of the fossil fuel in Europe has risen fivefold since last year, to more than 50 euros per megawatt hour. That has pushed power prices across the continent to their highest in over a decade, and presents both a problem and an opportunity for politicians preparing for November’s COP26 global climate conference.

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