Year: 2021

Masdar Makes First Investment In Greece By Developing Solar Plant With Taaleri Energia

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Masdar and Taaleri Energia, which invests in utility-scale wind and solar assets, have agreed to develop a 65-megawatt (MW) solar photovoltaic (PV) project in Greece. The project will be managed through the companies’ joint venture Masdar-Taaleri Generation (MTG). The co-development was announced at a virtual signing ceremony, attended by Dionyssios Zois, Ambassador of the Hellenic Republic to the UAE, and Sulaiman Hamed Salem AlMazroui, UAE Ambassador to the Hellenic Republic. According to Masdar, the project is its first investment in the Greek market and will be developed by MTG alongside…

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ASSOCARBONI DISCLOSES 2020 COAL DATA

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Coal confirmed its leadership as leading fuel for electricity generation also in 2020, accounting for 38% of overall production. • For the first time after 10 years of continuous growth, seaborne coal trade suffers a setback, reaching a volume of 1,157 million tons. • An increase in seaborne trade is forecast for 2022, driven by markets in Southeast Asia, where growing demand for coal from Bangladesh, the Philippines, Malaysia, Pakistan and Vietnam will keep import volumes high. • China, Pakistan and Vietnam are the countries that contributed most to the…

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Powerful committee to be set up to resolve issues between ministries, divisions

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Federal Minister for Privatisation Mohammad Mian Soomro chaired an inter-ministerial meeting in Islamabad to discuss and resolve issues regarding privatisation of energy sector entities Special Assistant to Prime Minister on Power and Petroleum Tabish Gohar, Privatisation Federal Secretary Hasan Nasir Jamy and other seniors of the ministry attended the meeting. NPPMCL Chief Executive Officer Dhanpat Kotak and the financial adviser participated via video link. In the meeting, various issues relating to privatisation of the National Power Parks Management Company Ltd (NPPMCL), Nandipur and Guddu power plants, divestment of shares of…

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Energy sector entities’ sell-off: Inter-ministerial moot discusses steps to resolve issues

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Federal Minister for Privatisation, Mohammedmian Soomro Thursday chaired an inter-ministerial meeting to discuss and resolve the issues regarding privatisation of energy sector entities. SAPM on Power and Petroleum Tabish Gohar, Federal Secretary Privatisation Hasan Nasir Jamy and other seniors of the ministry attended the meeting. The CEO NPPMCL Dhanpat Kotak and financial advisor participated via video link. Various issues relating to the privatisation of National Power Parks Management Company Ltd (NPPMCL), Nandipur and Guddu Power Plants, Divestment of shares of Pakistan Petroleum Limited (PPL), and Mari Petroleum Company Limited were…

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Pakistan eyes KSA investment in power sector

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During the visit, the Prime Minister’s consultations with the Saudi leadership will cover all areas of bilateral cooperation including economic, trade, investment, energy, job opportunities for Pakistani workforce, and welfare of Pakistani Diaspora in the Kingdom. As Prime Minister Imran Khan is set on a three-day official visit to the Kingdom of Saudi Arabia, Pakistan is eyeing to grab KSA investment in the country’s power sector. “We would wholeheartedly welcome investment from Saudi companies in Pakistan’s energy sector,” said Special Assistant to the Prime Minister on Power and Petroleum, Tabish…

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