Strife-torn Colombia was sharply impacted by the 2020 pandemic. The Andean nation’s economy contracted 7% while poverty, corruption, lawlessness and violence soared. Those events were indirectly behind a marked increase in the incidence of petroleum theft, which has grown significantly since 2016. Aside from the pandemic there are a wide variety of reasons for rapidly rising oil theft in Colombia. Among the most prominent is gasoline’s crucial role as an ingredient used to manufacture cocaine. The spike in oil theft is occurring at the same time as cocaine production in…
Read MoreDay: November 8, 2022
Germany To Allocate $83 Billion For Energy Price Caps In 2023
The German government plans to spend as much as $82.8 billion (83.3 billion euros) on funding a planned cap on electricity and gas prices next year as it looks to help businesses and consumers with coping with high energy costs, Reuters reported this weekend, quoting a draft proposal it had seen. The proposed financing for energy price caps would represent 42% of the planned $199 billion (200 billion euros) “defensive shield” to protect companies and consumers against the impact of soaring energy prices. At the end of September, the German…
Read MoreDifferences with CPPA-G/ GoP: FPCDL ready for out-of-court settlement
M/s Foundation Power Company Daharki Limited (FPCDL) has expressed willingness for an out of court arbitration with CPPA-G/ GoP with no obligation, liability or claim towards/ or by either party. This message has been conveyed by CEO/ MD FPCDL, Major General, Muhammad Junaid (retired) in a letter to Power Division. The Company had entered into a certain Master Agreement on February 11, 2021 with the Central Power Purchasing Agency-Guarantee Limited (CPPA-G). As per Clause 8 of the Master Agreement titled “alleged savings, the resolution of the dispute as to alleged…
Read MoreNTDC plans to evacuate power from 3 key HPPs
The National Transmission and Despatch Company (NTDC) has prepared plans to evacuate power from three key hydropower projects, i.e., Dasu Hydropower Project (stage-1, 2160-MW), Mohmand Dam, 800-MW, and Diamer Bhasha Dam, 4500-MW, well informed sources told Business Recorder. Total length of transmission line of Dasu hydropower project will be 254.5 km which requires 686 towers. Distance between Dasu project to 765 kV Mansehra Substation is 157 km which requires 406 towers whereas distance from Mansehra substation to Islamabad West Substation is 97.6 km, which requires 280 towers. For 765/220 kV Mansehra…
Read MoreRuqiya Naeem receives award for showing excellence in event management, PR fields
Ruqiya Naeem Qureshi has been conferred an award for showing excellence in the fields of event management and public relations for the past three decades. Mrs. Naeem Qureshi received the excellence award at the recently held event SRM Couture Celebrating Women’s Empowerment. The event was held to celebrate and recognize the achievements of distinguished women in the fields of business and entrepreneurship, especially during the coronavirus pandemic. A total of 35 women were given awards on the occasion for showing distinction in various fields. Mrs. Naeem Qureshi has been the…
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