Month: September 2022

AIIB Keen to Finance WAPDA Projects

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Asian Infrastructure Investment Bank (AIIB) has shown keen interest in financing Pakistan Water and Power Development Authority (Wapda) projects and will remain closely associated with the authority. “AIIB will look into possibilities of financial assistance for Wapda projects,” said AIIB Director General (Investments) Supee Teravaninthorn. She was leading a business development mission of AIIB that met Wapda Chairman Lt Gen (Retd) Sajjad Ghani on Tuesday. “Wapda intends to replace 9,000 megawatts of electricity being generated from the costly fossil fuel with clean and low-cost hydel energy,” remarked Ghani during the…

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Qatar Says Emphatic No

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The news is out. As per Business Recorder exclusive, there is nothing concrete coming from Qatar. The vibes coming from Qatar are similar. Now it’s out in the public. The government was initially looking at getting deposits from Qatar. Got a plain no on it. The next in line are investments. Government is attempting to put everything under the sun for sale. But only doable investments in the next 3-6 months, where some initial work is being done, are selling of two RLNG power plants and Energas RLNG terminal where…

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Russia cuts off gas exports to Europe via Nord Stream indefinitely

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Russia won’t immediately resume exports of natural gas to Europe through its Nord Stream 1 pipeline, worsening a shortage that threatens to tip the continent into an energy crisis this winter. On Friday, Russian state energy giant Gazprom said it would not resume flows through the pipeline on Saturday as planned because it had detected an oil leak at its Portovaya compressor station. The pipeline has been shut since Wednesday for maintenance.It didn’t give a timeline of when exports might resume. “Until the issues on the operation of the equipment…

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NTDC Completes Rehabilitation Works Of Dadu-Khuzdar Transmission Line

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The National Transmission and Despatch Company Limited (NTDC) has completed the rehabilitation works of Dadu-Khuzdar transmission line at 2:00am on Sep 5, 2022. The transmission line was energised and started power supply to QESCO, subsequently electricity restored in major parts of Balochistan province. The NTDC spokesperson said that on the direction of Prime Minister of Pakistan Shehbaz Sharif and others authorities concerned, MD NTDC Engr Dr Rana Abdul Jabbar Khan and his team remained at site day and night to monitor the rehabilitation works of said transmission line, which is…

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Plan to Set up Gas Utility Courts

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The government has planned to amend a gas theft and recovery law to introduce gas utility courts and delegate federal government powers to prime minister for taking action against people involved in gas theft and delay in recovery of consumer bills. Sources told The Express Tribune that the government would make amendments to the Gas (Theft Control and Recovery) Act 2016. Under the amendments, it will establish gas utility courts. The federal government may consult the relevant High Court chief justice, and through a notification in the official Gazette, establish…

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