Day: September 23, 2021

Terming China-Pakistan Economic Corridor (CPEC) a game changer, Rafi Group chairman Imtiaz Rafi Butt has said that Gwadar would play a key role in the economic progress of the country. “Gwadar is Dubai of the future. It will be the economic hub that will play a key role in the economic progress of Pakistan,” he said, while speaking at the memorandum of understanding (MoU) signing ceremony at the Lahore Chamber of Commerce and Industry (LCCI) on Wednesday. Green Palms Housing Gwadar and the LCCI signed the deal for providing residential/commercial…

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The Power Division has proposed adjustment of surplus employees of Generation Companies (Gencos) and resolution of financial issues of their retired employees. The Cabinet Committee on Energy (CCoE) during its meeting held on September 10, 2020 decided immediate closure of certain power plants/units of GENCOS having aggregate capacity of 1,796 MW. Pursuant to the decision, GENCOs had to approach NEPRA for modification in their respective Generation Licences (Licencee proposed modification-LPM) to reduce their capacities. With such modification in the Generation Licences, tariffs of power plants decided for closure shall be…

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Finance Minister Shaukat Tarin said on Wednesday that power sector would be the centre of discussion with the International Monetary Fund (IMF) in the forthcoming 6th review as performance on revenue collection has been well over target. Addressing a news conference along with SAPM to Prime Minister on Food Security Jamshid Cheema and State Minister for Information Farrukh Habib, the finance minister said that the IMF had sought an increase in electricity tariff to reduce the circular debt but they were requested “to allow us to do our own way”.…

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The hardships of local communities in Thar persist due to the ongoing coal projects in the region, as Tharis continue to deal with their adverse impacts, said a research study conducted by Rural Development Policy Institute (RDPI) and launched by Alliance for Climate Justice and Clean Energy (ACJCE), a civil society group. The research titled “Coal Rush: The Impacts of Coal Power Generation on Tharis’ Land Rights” was launched in a webinar on Wednesday and attended by experts and activists. Lead author of the research, Lecturer Quaid-i-Azam University, Dr Ahsan…

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Energy costs have risen by over 50 percent in one year – from 4.2 rupees per unit in August 2020 to 6.4 rupees per unit in August 2021. The reason disturbingly is the policy dating back decades to pass on poor sector performance onto the hapless consumers for which government policy is to blame. The argument that this can be laid squarely at the doorstep of previous administrations is nullified if one considers the fact that the PTI administration has been in power for three years – a time period…

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