Month: September 2022

Nepra allows Discos to raise extra Rs69bn

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The National Electric Power Regulatory Authority (Nepra) on Monday notified Rs4.34 per unit additional fuel cost adjustment (FCA) for ex-Wapda Distribution Companies (Discos) for electricity consumed in July to provide Rs69 billion additional funds to cash-starved entities in September’s bills. The regulator “has reviewed and assessed an increase of Rs4.34 per kWh in the applicable tariff for Discos on account of variation in the fuel charges for July,” reads a notification issued by Nepra on Monday. The notification said the additional FCA shall apply to all the consumer categories except…

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Pakistan lacking ‘effectiveness’ on four FATF-linked goals

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The Asia-Pacific Group (APG) on Money Laundering has rated Pakistan’s level of effectiveness as ‘low’ on 10 out of 11 international goals on anti-money laundering and combating the financing of terror (AML/CFT), even though the country is now compliant on 38 out of 40 technical recommendations. The Sydney-based regional affiliate of the Financial Action Task Force (FATF) released an update, as of Sept 2, on the rating of its regional members suggesting that Pakistan had a ‘moderate level of effectiveness’ on only one out of 11 outcomes. Under this ‘immediate…

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Heat pumps can cut your energy costs by up to 90%. It’s not magic, just a smart use of the laws of physics

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Heat pumps are becoming all the rage around a world that has to slash carbon emissions rapidly while cutting energy costs. In buildings, they replace space heating and water heating – and provide cooling as a bonus. A heat pump extracts heat from outside, concentrates it (using an electric compressor) to raise the temperature, and pumps the heat to where it is needed. Indeed, millions of Australian homes already have heat pumps in the form of refrigerators and reverse-cycle air conditioners bought for cooling. They can heat as well, and…

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6000MW solar projects: mapping deadline issued

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Prime Minister’s Office (PMO) has given the deadline of a couple of weeks for mapping 6000-MW solar projects across the country and proposed tariff along with indexation to attract international investment. These directions were issued at a meeting on September 5, 2022, presided over by Special Assistant to Prime Minister on Effective Governance, Dr. Jehanzeb Khan, a close relative of Azam Khan, who was secretary in the government of Imran Khan. The meeting was attended by MD PPIB, Director AEDB, Joint Secretary Finance Ministry, senior energy specialist of World Bank,…

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Meet Äager in Dubai, at ADIPEC 2022

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Äager is an innovative environmental process, emission & air pollution controlequipment manufacturing and engineering company, participating at ADIPEC2022 between October 31 to November 3 in the 13th hall, at the GermanPavilion.Hosted by the Abu Dhabi National Oil Company (ADNOC), ADIPEC is the world’smost influential gathering for energy industry professionals. This year ADIPECwill accelerate the energy transition and unlock real value in a decarbonizedfuture. Ground-breaking technologies will be introduced to the sectors, andexploring actionable strategies and solutions to the challenges and opportunitiescreated by complex global energy market dynamics will be the…

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