Year: 2021

Gusty winds cause power outages in Peshawar

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PESHAWAR: Strong winds with gusts up to 55 kilometers per hour hit the provincial capital for the second consecutive day on Wednesday causing prolonged power outages. The weathermen call the weather phenomenon ridge and said it would prevail for three to four more days. The windstorm was also reported in some other parts of the province on Tuesday and Wednesday. An official of the Pakistan Meteorological Department told Dawn that the ridge system developed when a high pressure emerged on higher altitude. He said following a weather system like the…

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CASA power project to be completed early, Tajikistan assured

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DUSHANBE: Pakistan on Wednesday assured Tajikistan of making utmost efforts for an early completion of the CASA-1000 project. Foreign Minister Shah Mahmood Qureshi at a joint press conference with his Tajik counterpart Sirajuddin Mehruddin said Pakistan believes that Central Asia-South Asia (CASA-1000) project will not only benefit the two countries, but the entire region. Launched in 2016, the under-construction CASA-1000 power project will allow the export of surplus hydroelectricity from Tajikistan and Kyrgyzstan to Afghanistan and Pakistan. Mr Qureshi said that CASA-1000 project would improve electricity access, integrate and expand…

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Prices of petroleum products cut by up to 2.5pc

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ISLAMABAD: While increasing tax rates, the government on Wednesday reduced prices of all petroleum products by up to 2.5 per cent for the next 15 days to pass on partial impact of the decline in the international prices. According to a notification issued by the finance ministry, the ex-depot price of petrol was reduced by Rs1.55 per litre and that of high speed diesel (HSD) by Rs3 per litre. It also reduced the ex-depot price of kerosene and LDO by Rs1.55 and Rs1.56 per litre, respectively. As such, the ex-depot…

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PLL finalises bids for 8 LNG cargoes

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KARACHI: Pakistan LNG Limited (PLL) has finalised lowest bids ranging from $6.7/mmbtu to $6.925/mmbtu for eight LNG cargoes to be delivered during April to June 2021, a statement said on Tuesday. It was the first time PLL invited bids on fixed dollar rates instead of percentage of Brent, as was the practice. PLL had received a total of 42 bids for the advertised seven deliveries, it said. “Eni SpA will deliver one consignment on April 30, another consignment on May 26-27 and one more on June 18-19, 2021 at the…

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Eni agrees LNG, gas deal with Zhejiang Energy as China switches to cleaner fuels

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On Monday a study showed China generated 53% of the world’s total coal-fired power in 2020, nine percentage points more than five years earlier. China has promised to reduce its dependence on coal and bring emissions of climate-warming greenhouse gas to a peak before 2030 and become “carbon neutral” by 2060. MILAN: Italy’s Eni has agreed a long term liquefied natural gas (LNG) supply agreement with Zhejiang Energy as China seeks ways to cut carbon emissions by encouraging a switch from the use of polluting coal to gas to generate…

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