Day: February 12, 2023

Haining city has a number of advanced photovoltaic energy storage and other new energy enterprises, looking forward to strengthening technical exchanges and cooperation with Pakistani and other Belt and Road Initiative countries in the field of commerce and new energy. These views were expressed by Jin Hongxian, Deputy Director of Economic Development Office of Zhouwangmiao, Haining City, Zhejiang province, China in a recent business matchmaking between Haining and Pakistani technology companies. With a GDP of RMB 119.63 billion in 2021, Haining has forged a new energy emerging manufacturing cluster with…

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Oil may resume its rally in 2023 as Chinese demand recovers after Covid curbs were scrapped and lack of investment limits growth in supply, Opec country officials told Reuters, with a growing number seeing a possible return to $100 a barrel. In 2022, oil soared above $100 for the first time since 2014 as demand recovered from Covid-19 lockdowns in much of the world and Russia’s invasion of Ukraine added to supply concerns. But Brent crude ended the year close to $86 on fears of global recession. A move back…

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Power Distribution Companies (Discos) have sought an increase of up to Paisa 70 per unit in their tariffs to recover Rs 17.198 billion from their consumers for the second quarter (Oct-December) of fiscal year 2022-23 under Quarterly Tariff Adjustment (QTA) mechanism. National Electric Power Regulatory Authority (Nepra) is scheduled to hold a public hearing on the QTA adjustments of Discos on February 22, 2023 where Chief Financial Officers (CFOs) of Discos will justify their claims. Sometime Discos revise their QTA claims at the eleventh hour which changes the cumulative impact…

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As for now, the government on Saturday approved Rs8 per unit increase in the price of electricity for both domestic and commercial consumers, local media reported. Electricity’s basic as well as quarterly tariff will be raised while arrangements are also being made to withdraw the subsidy. It has been learnt that the government is even ready to withdraw the subsidy it had offered to the export sector. The tariff under the head of quarterly adjustment will be increased in phases. According to the circular debt management plan, which was presented…

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National Transmission & Dispatch Company (NTDC) has successfully augmented the existing 160 MVA, 220/132 kV autotransformer (T1) with a 250 MVA unit at 220 kV Industrial-II Quetta grid station. The said autotransformer was energised on Saturday. This project, part of the World Bank funded NTMP-I programme, has been completed under the System Constraints Removal Programme, which will see an enhancement in the capacity of Quetta grid station. It will help meet the increasing load demand of consumers of QESCO. MD NTDC, Engr Dr. Rana Abdul Jabar Khan acknowledged the efforts…

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