Year: 2023

Pakistan’s solar planning too rigid and high-cost

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solar-pannel

The Institute for Energy Economics and Financial Analysis (IEEFA) has published analysis warning against specifics of Pakistan’s plans to incentivise gigawatts of solar project development across the country. IEEFA’s commentary, prompted by a recent public hearing concerning one 600 MW solar plant in Muzaffargarh, criticizes the 25-year PPA at a dollar-indexed tariff, calling it reminiscent of Pakistan’s excessively expensive 1990s deals for thermal power plants, and saying it will do nothing to push developers to innovate on price. Per IEEFA, a 14-year PPA – as opposed to 25-year – would…

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One Of The World’s Hottest Oil Plays Prepares For New Auction

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guyana

Guyana, one of the world’s hottest frontier oil plays, is expected to have its new oil production sharing agreement (PSA) model ready in time for its auction that runs through mid-April, according to Guyana’s VP. The oil and gas industry has been eagerly waiting for Guyana to draft new contract terms that have been a long time in coming after Guyana made it clear that oil companies wouldn’t be getting what it considered to be a sweetheart deal like the Exxon consortium did. Guyana expects the new contract model to…

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Alberta Is Fighting To Send Its Oil Abroad

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oil

Despite efforts from Canada’s Prime Minister Justin Trudeau to move away from oil sands – long hailed as the – Alberta, the country’s largest oil-producing region, is pushing to open new energy corridors with the U.S. to export its fossil fuels. As the global demand for oil and gas continues, and countries look closer to home to secure their energy needs, Alberta believes it can promote its oil sands as a means of providing the energy needed until enough green alternatives are being produced to meet the rising global energy demand.…

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Absolutely Not We are not Consulted for Mini Budget President FPCCI

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fpcci

Irfan Iqbal Sheikh, President FPCCI, has criticized the government for the total lack of consultation in the mini budget with the business, industry and trade community – the real stakeholders of the economy & taxation system; and, the real engines of economic growth, employment creation and revenue generation. Had we been consulted, we could have helped the government with a more practical &inoffensive approach to meet the prior actions’ requirements of the IMF, he added. Mr. Irfan Iqbal Sheikh also expressed the collective anxieties & concerns of the business community…

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Mini Budget 2023

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mini-budget

Pakistan is set to announce a mini budget to generate about Rs200 billion additional revenue to meet IMF Conditionalities. The mini budget will be placed before and approved by parliament ahead of IMF final talks on 16.02.2023.The government is taking harsh taxation measures on the demand of the IMF to general more revenue for lower the fiscal deficit.Sources in FBR on 14.02.2023, said that the changes many be applicable from 15.02.2023, after cabinet approval. They said that through the new amendments the government had aimed to generate another Rs.200 billion.The…

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