Year: 2021

CPEC’s Thar Coal Block-1 project making rapid progress: Li Jigen

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KARACHI: The Thar Coal Block-1 project, which is an important part of China Pakistan Economic Corridor (CPEC), is making rapid progress despite all odds, says a top official. At the office relocation ceremony of Sino Sindh Resources Private Limited (SSRL), Li Jigen, Chief Operating Officer of SSRL, a subsidiary of Shanghai Electric, said that despite the Covid-19 pandemic and other obstacles, the mega project in Thar has picked up pace in recent times. Tariq Shah, Sindh Energy Secretary, Meng Donghai, CEO of Thar Coal Block-1 Power Generation Co and Li…

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Govt makes significant progress towards energy reforms: Nadeem Baber

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ISLAMABAD (Web Desk) – Special Assistant to Prime Minister (SAPM) on Petroleum Nadeem Babar has said that the government has made significant progress towards energy reforms despite challenges caused by the COVID-19 Pandemic. He said this during a virtual meeting with Asian Development Bank team in Manila. The Special Assistant informed the forum that government has prepared framework of regulatory authority for upstream petroleum sector, and it would be put in place after approval by Council of Common Interest and necessary legislation. The Country Director ADB lauded the efforts of…

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Towards knowledge

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Prime Minister Imran Khan is leading a historic effort aimed at developing a strong knowledge economy. Projects worth about Rs120 billion are in various stages of approval. Some have already been approved and their implementation begun. These include a Rs12 billion scholarship project of the Knowledge Economy Task Force that is chaired by the prime minister and of which I am vice-chairman. The project is aimed at strengthening the faculty in our universities by sending a large number of our brightest students to top universities abroad. Another Rs6 billion project…

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Setting up of provincial regulators: Nepra chief gives his consent

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ISLAMABAD: Chair-man, National Electric Power Regulatory Authority (Nepra) on Tuesday gave his consent to the establishment of power regulators at the provincial level for provision of better service to people and resolution of electricity issues. He made these remarks during a hearing on issuance of transmission licence to Khyber Pakhtunkhwa Transmission Grid Company (KP-PGC) which the provincial government intends to establish with its own transmission and grid system to supply electricity it has generated, mostly cheap hydel electricity to its industry and people. The provincial government argued that National Transmission…

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Pakistan to seek debt relief from China power projects’ loan

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KARACHI: Pakistan plans to ask China for relief on payments for power projects Beijing financed over the past eight years, the latest developing nation that’s struggling to repay debt under President Xi Jinping’s Belt and Road Initiative, Bloomberg reported on Tuesday. In informal talks, Pakistan and China have discussed easing terms on the repayment of debt on about a dozen power plants, according to a person with knowledge of the matter, who said Islamabad hasn’t made a formal request yet. The parties have canvassed Beijing’s willingness to stagger debt payments,…

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