Year: 2021

Karachi University inaugurates 30 KW solar power generation system

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KARACHI: The inaugural ceremony of the solar power generation project at the University of Karachi held at the Arts Auditorium of the institution , ARY News reported on Wednesday. Sindh’s Law and Environment Adviser Barrister Murtaza Wahab reached the university to attend the ceremony. The solar power generation system will save precious funds of the university being spent to pay electricity bills of the city’s main public sector university. Solar panels with 30 KW capacity for power generation have been installed at the Arts Faculty of the Karachi University, according…

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Oil prices to go up as ECC okays increase in margins of OMCs, dealers

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ISLAMABAD-The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved to revise upwards the margins of oil marketing companies (OMCs) and dealers on petroleum products, which would increase the oil prices in the country. Petroleum Division updated the ECC about the recommendations firmed up by a sub-committee established in line with the earlier decision of the ECC dated Jan 28, 2021 regarding review of oil marketing companies (OMCs) and dealers margins on petroleum products. After detailed discussion, the ECC approved to revise OMCs and dealers margins on the basis…

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Karachi: SAPM Nadeem Babar addressed the Stakeholders Consultative Conference for Coal to Gas and Coal to Liquid Policy Formulation here on Wednesday.

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Mr. Babar spoke about the global inequalities prevalent among nations in the economic, technological and energy consumption space. He said that technology has tremendously enhanced the production, conversion and usage efficiencies in the energy sector and that it will continue to transform the ways in which energy is produced and utilized. “World is moving away from fossil fuels to clean energy resources and we cannot pursue the opposite direction”, he said; “however, apart from electricity generation, we could also utilize coal for production of chemicals, synthetic diesel and fertilizers”. Speaking…

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JJVL operation hits a snag for want of legal consent

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The LPG production from Jamshoro Joint Venture Limited (JJVL) has hit a snag pushing the country towards more imports and a loss to Sui Southern Gas Company Limited (SSGCL). The extension of the contract between Jamshoro Joint Venture Limited (JJVL) and Sui Southern Gas Company (SSGC) has been pending legal opinion before Law Division since August 21, 2020. On a proposal by the Petroleum Division, the Economic Coordination Committee (ECC)held on August 21, 2020, took up the issue of JJVL expired agreement with SSGC and had given principled approval for resumption of LPG/ Natural…

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Pakistan needs to change energy system

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KARACHI:Pakistan is almost half a century behind the world in transforming its energy sales from a state-controlled pricing mechanism to a market-based competitive pricing system, which is a must to make energy supply cheaper and affordable for the nation. Energy – power, oil, gas and coal – producers and importers will have to change their mindset. They have to forget the state guarantees for energy production and sales to the citizens. These remarks were made by Special Assistant to Prime Minister (SAPM) on Petroleum Nadeem Babar during a conference on…

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