Month: January 2023

Import of spare parts: LC: AGL seeks Power Division’s help

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M/s Attock Gen Limited (AGL) has sought the Power Division’s help in opening of Letter of Credit (LC) for import of necessary spare parts for periodic and breakdown maintenance of plant. The company maintains that the delay in the opening of LC is going to hamper the plant’s availability for power generation if remedial measures are not taken immediately. Sharing the details, the power company said that on July 5, 2022, vide its EPD circular 11, the SBP advised banks to seek prior approval from its Foreign Exchange Operations Department…

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Chairman WAPDA visits Tarbela 4th, 5th Ext.
Tarbela 5th Ext. to commence generation in July 2025

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Chairman WAPDA Engineer Lt Gen Sajjad Ghani (Retd) visited Tarbela 4th Extension Hydel Power Station (T4) and inspected operation and maintenance (O&M) activities of the power station, commissioned in 2018. He also had a detailed round of the under-construction Tarbela 5th Extension Hydropower Project (T5) to review construction activities on the sites. The GM (Tarbela Dam), accompanied by the project management, briefed the Chairman about progress on the project. Consequent upon the permission accorded by IRSA for closure of Tunnel No.5, construction activities are being carried out simultaneously at five…

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UK Commits $40 Million To Help Industry Cut Fossil Fuels

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The UK government will support British industries—including the construction, mining, and quarrying sectors—with funding of $40.2 million (£32.5 million) to reduce their reliance on fossil fuels. The funding, announced on Friday, will support the development of clean alternatives to oil products to power operations and help industry cut emissions and energy costs, the UK government said. The funds will go toward developing alternatives to red diesel, or gas oil, such as electrification and green hydrogen, and are the government’s latest step in “driving industrial energy independence and encouraging green investment across the…

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Germany Eyes 30GW In Wind Power For 2030

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Germany has come up with development plans for offshore wind turbine sites, eyeing 30 GW of installed power capacity by 2030, the Economy Ministry said in a Friday statement, according to Reuters. The Federal Maritime and Hydrographic Agency’s (BSH) plan allows for even more wind power capacity, with adequate space for 40GW or even 50GW by 2035—although the details of the plan have not yet been shared. One snippet that has been shared its plans to integrate Germany’s wind turbines into the offshore network of its neighbors bordering the North…

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