Year: 2021

Gen Bajwa says no power on earth can sabotage CPEC

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CPEC Authority Chairman Lt General (retd) Asim Saleem Bajwa Tuesday said no power on earth could sabotage China Pakistan Economic Corridor (CPEC) as it was the country’s national project. Addressing a ceremony at Karachi Chamber of Commerce and Industry (KCCI) here, he said CPEC, being a flagship project of the Chinese Belt and Road Initiative, had improved the road connectivity between the two countries and would do so further. On eastern alignment of CPEC, Bajwa said only one section Sukkur-Hyderabad was left that had already been launched by Prime Minister…

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Gas production from Benari started

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KARACHI: KARACHI: Pakistan Petroleum Limited (PPL) has commenced commercial gas production from Benari Development and Production Lease (Benari D&PL) in Shah Bandar Block with effect from May 3, 2021, a bourse filing said on Tuesday. The block is located in districts Thatta and Sujawal, Sindh and lies in the southernmost part of the Lower Indus basin. Benari X-1 well in Benari D&PL is the first exploratory well drilled in Shah Bandar block, which is operated by Pakistan Petroleum Limited (PPL) with 63 percent working interest (WI) along with its joint…

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Energy Projects Afoot To Improve Power Supply In Malakand Division

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The government was taking tangible measures to resolve issues pertaining to low voltage and frequent disruption of power supply in Malakand division. As part of such efforts, three projects would be undertaken in different districts of Malakand division to improve voltage and provide uninterrupted power supply to domestic, industrial and agricultural consumers. Engr Malik Luqman Khan, KP Energy Department’s senior planning officer told APP that 500 KV transmission line from Chitral to Chakdara besides 500 KV, 220 KV and 132 KV grid stations in Chitral and Chakdara Lower Dir would…

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FPCCI questions setting up of RLNG-based plant in Punjab

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The Federa­tion of Pakistan Chambers of Commerce & Industry (FPCCI) on Tuesday demanded that government explain the rationale behind approving the 1,263MW power plant being set up by Punjab Thermal Power Ltd in Jhang which is based on imported regasified liquefied natural gas (RLNG). In a statement, FPCCI President Mian Nasser Hyatt Magoo said the new plant will cost six cents USD/Kwh, when producing electricity on imported RLNG and as high as 11 cents USD/Kwh when producing energy on high speed diesel. On the other hand, the government is not…

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Rs36 Billion Loaned Under Financing Scheme for Renewable Energy

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Karachi: Total loans under the SBP’s financing scheme for renewable energy amounted to Rs36 billion as of February as the scheme has evolved over time and received strong response, the central bank governor said on Tuesday. As of February 2021, financing of around Rs36 billion have been extended for 521 projects producing approximately 850 megawatts, the State Bank of Pakistan (SBP) Governor Reza Baqir said addressing a webinar. In June 2016, SBP issued financing scheme for renewable energy to promote renewable energy projects and doubled scope of concessional financing last…

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