Day: June 19, 2023

ISLAMABAD: The federal government has cleared for implementation 13 old renewable energy (RE) projects of about 700 megawatts — commonly called Category-III projects — and has referred the matter to the Council of Common Interests (CCI) for formal approval as bidding for a lot of 600MW solar project at Muzaffargarh recei­ved poor investor response. Informed sources said a special cabinet committee led by Defence Minister Khawaja Asif recommended that the sponsors of 13 proposed RE plants in solar and wind technologies in Cat-III whose tariffs had been approved by the…

ISLAMABAD: Petroleum Minister Musadik Malik has said that despite the increased yield of furnace oil during the refining as well as high operational costs of the import, the Russian fuel would be significantly beneficial for Pakistan, even as a Russian minister ruled out any sort of exclusive discount for Islamabad on the purchase of ‘Urals’ crude from Moscow. “Oil deliveries to Pakistan have begun. There is no special discount; for Pakistan, it is the same as for other buyers,” Energy Minister Nikolai Shulginov told the Russian state media on Friday…

LAHORE: Prime Minis­ter Shehbaz Sharif has reviewed the process to formulate a policy regarding the use of alternative energy sources, especially solar energy. Chairing a meeting on Saturday, he said the government had ensured the implementation of measures regarding alternative sources of energy, including solar energy, in the budget. He said the process of converting public buildings to solar power should be expedited. This would not only reduce the electricity cost but save precious foreign exchange, he said, adding that the policy on solar energy should be finalised as soon…