Year: 2021

Tarin Rules out ‘Further’ Relief on Fuel Prices

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Finance Adviser Shaukat Tarin said on Sunday that the government will not able to provide relief to the public in case of an increase in fuel prices in the international market. Talking to the media in Karachi, the finance adviser said the local petroleum prices were directly proportional to the prices in the global market. “There is no relief in it. Whatever price hike comes will be passed through [to the people],” he said. According to Tarin, the government does not have space to provide “further relief” as he has…

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International Alliance forms to Quit Oil and Gas

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The governments of Denmark and Costa Rica today launched the first international government coalition aimed at ending oil and gas production. Members of the Beyond Oil and Gas Alliance (BOGA), which presented their group at the COP 26 climate talks in Glasgow, Scotland, argue that more oil and gas must stay in the ground if the world is to keep within the 1.5 degree Celsius warming benchmark, beyond which experts warn of drastic climate impacts around the globe. “Continued investment in increasing the production of oil and natural gas encourages…

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WAPDA Executing Ambitious Hydropower-Generation Expansion Plan: Chairman

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WAPDA Chairman Lt Gen Muzammil Hussain (Retd) has said that as many as 20 million acres of virgin land can be brought under irrigated agriculture in Pakistan if water is made available by constructing dams. WAPDA is executing a number of mega projects scheduled to be completed by 2029 in a phased manner and the water storage will increase from 13 Million Acre Feet (MAF) to 24 MAF with an addition of 11.7 MAF that will help irrigate 1.6 million acres of land in the country, he added. He was…

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Nepra Deregulates Small-Scale Distributed Generation

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The National Electric Power Regulatory Authority (Nepra) has deregulated the private generation of up to 25kW to promote renewable distributed generation and net metering. “Distributed generation facility using solar or wind power generation of up to 25 kilowatt, connected with the network of a distributed licensee through the net metering facility, shall not require a generation licence from the Nepra,” a notification said. The power regulator issued a total of 8,417 net-metering licences with an accumulated capacity of 146MW during FY21. The growth of distributed generation in Pakistan reveals a…

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