Month: March 2022

Land acquisition for port: Gwadar Port Authority asked to expedite work

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Senate Standing Committee on Maritime Affairs, Thursday, asked the Gwadar Port Authority (GPA) to expedite work on acquisition of land for the port, as the panel was informed that PC-1 regarding land acquisition worth Rs48 billion has been sent to the prime minister for approval. The committee, chaired by Senator Rubina Khalid, was given a detailed briefing on Gwadar Port Development Plan by Chairman GPA Naseer Khan Kashani, on a question asked by Senator Palwasha Khan in the Senate sitting. While briefing the committee, the Chairman GPA apprised that the…

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Oil council warns of looming petroleum crisis

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Oil Companies Advisory Council (OCAC) has warned of a brewing petroleum crisis, similar to the one in June 2020, in case the government kept domestic prices frozen till the next budget as per the prime minister’s announcement. Warning the Ministry of Energy, OCAC, the umbrella organisation of oil sector companies in a letter requested the ministry to remove Price Differential Claim (PDC) element to revise petroleum product prices immediately or alternatively implement a subsidy mechanism. Referring to the Oil and Gas Regulatory Authority (Ogra) announcement imposing Rs2.28/liter PDC on High…

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Karachi Nuclear Power Plant Unit-3 K3 connected to National Grid.

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PAEC connects 1100MW K-3 nuclear power plant to gridISLAMABAD/KARACHI, March 04, 2022: Pakistan Atomic Energy Commission (PAEC) has connected Karachi Nuclear Power Plant Unit-3 (K-3) to the national grid. The 1100 megawatts generation capacity nuclear power plant (NPP) had achieved criticality on 21st February and was undergoing certain safety tests and procedures before it could finally be connected to the grid. The plant has been connected to the grid on testing basis and is expected to be inaugurated soon after attaining full power.It is pertinent to mention that K-3 is…

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Implementation of CTBCM Model to Increase Accountability in the Power Sector

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The experts said this during a special meeting ‘Examining the future direction of the electricity market in Pakistan: The case of Competitive Trading Bilateral Contracts Market (CTBCM),’ held by Sustainable Development Policy Institute (SDPI). Delivering his keynote speech, Dr Fiaz Ahmad Chaudhry, Werner-Von-Siemens Chair, LUMS Energy Institute (LEI), informed the participants about the design of the CTBCM model for Pakistan and how relevant stakeholders contributed to its implementation. He said the objective of introducing a wholesale electricity market in Pakistan is to improve the conditions for attracting investments based on…

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At least 5 injured in explosion at Thar coal plant

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At least five people are believed to be injured after an explosion occurred at Engro Powergen Thar Limited’s (EPTL) coal power plant in Thar on Wednesday. In a statement, Engro said that the explosion occurred at 5pm in the coal conveyor unit of the plant’s 330MW unit 1. The company said that five people were “affected directly” without elaborating further, but said that they were stable and being provided the necessary medical aid. “Immediately the safety and emergency response teams were activated. At this point in time, our foremost priority…

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