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Day: February 3, 2022

Pakistan needs structural transformation of economy: ADB

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Pakistan government will need to update its investment laws, reduce burdensome regulations, align them with global best practices, and structure the investment policy document accordingly, besides, synchronise its monetary, fiscal, and trade policies to promote a business-friendly trade environment, says the Asian Development Bank (ADB). The Bank in its report, Economic Corridor Development in Pakistan Concept, Framework, and Case Studies,…

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Why Is New England Paying The Equivalent Of $180 Oil For Natural Gas?

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esterday New Englanders had reason to feel a little more … European than usual. that’s because according to Department of Energy data they were paying a spot price of $30.5 per million British thermal units for natural gas.  This is an absurd price, in line with what Europeans, facing their worst energy crisis in a generation, have been suffering in recent months. To put…

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Building resilient power structure critical for ‘resilient’ cities: KE CEO

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CEO K-Electric Moonis Alvi stated that renewable energy has to be integrated into the power sector in a way that adds versatility to the system, calling a resilient power network the “backbone of a resilient city. These comments were made while addressing a global virtual audience at the Future of Energy webinar titled “Strengthening Climate Action: Role of the Power…

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Chinese firms introduce new tech in power sector

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powertariffs

Massive energy projects, executed by Chinese firms in Pakistan, not only ended power outages in the country but also introduced the most advanced technologies in the power sector. These include the underground hydropower projects as well as the ultra-critical coal-fired power plants. In 2018, China Gezhouba Group Corp (CGGC) completed the construction of first-ever underground powerhouse in Pakistan, ie Neelum-Jhelum…

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