Audit of inefficient plants halted

ISLAMABAD: After an exercise of around six months, an energy audit of inefficient power plants has come to a halt as textile and other industries have obtained a stay order from Sindh High Court. In July last year, the Cabinet Committee on Energy (CCOE) had authorised National Energy Efficiency & Conservation Authority (NEECA) to conduct energy efficiency audit of captive power plants. The government has also recently decided to disconnect gas supply to captive power plants and shift them on the national grid. Following decision of CCOE, NEECA started the process of…

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Govt hopes to seek $12b from World Bank

Pakistan expects to secure around $12 billion loans from the World Bank Group over a period of five years under a new partnership strategy, which the Washington-based lender may approve by May this year. Minister for Economic Affairs Makhdoom Khusro Bakhtiar and World Bank Country Director Najy Benhassine discussed the development priorities of Pakistan for the next five years, according to a handout issued by the ministry after the meeting. A senior ministry official said that there were no firm financial commitments by the World Bank at this stage. He…

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SHC seeks reports on action against vegetable farming with sewage

The Sindh High Court (SHC) on Monday directed the deputy commissioners of the Malir and Korangi districts to submit progress reports with regard to action against persons involved in farming vegetables through sewage. Petitioner Mehmood Akhtar Naqvi had submitted that several people were involved in vegetable farming through sewerage water in the Korangi, Malir, Landhi and Surjani Town areas. He submitted that due to vegetable farming through sewage, the lives of the citizens were at risk of several diseases and the government functionaries were not taking action against such persons.…

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World Bank preparing new Country Partnership Framework for Pakistan

ISLAMABAD: The World Bank (WB) is preparing a new Country Partnership Framework (CPF) for the next five years from fiscal year 2022 to 2026 with possible portfolio of $10 to $12 billion for different sectors of economy of Pakistan. The Pakistani authorities are expecting that the World Bank Group will extend lending of around $12 billion for five years period under the CPF. “Although, the WBG has not officially communicated the exact size of portfolio but it should be around $12 billion,” a top official of the PTI led government…

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Receivables/payables dispute: Federal govt, KE fail to evolve consensus

ISLAMABAD: The Federal Government and Karachi Electric (KE) teams are said to have failed to evolve a consensus on course of action to resolve receivables/ payables dispute, well-informed sources in Power Division told Business Recorder. Power Division summoned the KE top brass to convey the Prime Minister’s message to them that no further delay will be accepted in resolution of issues, which are hindering the sale-off of 66.4 per cent stake of M/s Abraaj to Chinese company, M/s Shanghai Electric Power (SEP). The dispute between the KE and the government…

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Aaj Shahzeb Khanzada Kay Sath’: PM deceived as Rs122 bn wasted in LNG buying

KARACHI: The country lost Rs122 billion in last two years due to delayed on spot LNG purchase and production of expensive power through furnace oil, inflicting a colossal sense of foreboding and frustration among the nation. This was stated by Shahzeb Khanzada in his Monday’s episode of ‘Aaj Shahzeb Khanzada Kay Sath.’ Khanzada said due to the failure to contract LNG purchase through futures market, the people not only suffered acute shortages of the heating and cooking fuel in the intense winter, the country on the other hand lost Rs35…

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Pakistan’s Arabian Sea islands risk environmental disaster

Pakistan’s federal government is planning to build modern cities on the Bundal and Dingi islands, which could ease pressure on Karachi, the country’s financial hub. Experts say it would be an ecological catastrophe. The government’s decision to establish the Pakistan Islands Development Authority and bring the Bundal and Dingi islands off the Karachi coast under federal authority shocked Majeed Motani, a 70-year-old fisherman. “Our forefathers came to these islands centuries ago. Now, the government is trying to occupy them. It is a threat not only to our livelihoods but also…

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Wyoming could lead US green energy push with wind power

When Jim Clayton* still worked in a coal mine, he would head to a nearby bar to settle his accounts. The pub effectively became his office. When after 22 years in the industry he quit his job and decided to run the pub instead, it was easy to choose a new name for the place. These days, The Office has become a hangout for many of those earning a living in the coal, oil and gas industry in northeastern Wyoming. The Office is situated along a thoroughfare just north of Gillette, the self-declared…

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Renewables overtook fossil fuels in EU electricity mix in 2020: Report

LONDON (Reuters) – Renewables overtook fossil fuels as the European Union’s main source of electricity for the first time in 2020 as new projects came online and coal-power shrank, a report showed on Monday. Renewable sources such as wind and solar generated 38% percent of the 27-member state bloc’s electricity in 2020, with fossil fuels such as coal and gas contributing 37%, the report by think tanks Ember and Agora Energiewende showed. (Graphics: Electricity production share (%) in EU 27 – ) Denmark achieved the highest proportion of wind and…

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Captive to grid: Tread carefully

Last week cabinet committee on energy (CCoE) decided to put a moratorium on gas supply to self-generation of power for industrial connections, given these have electricity grid connections. The co-generation is exempted from the moratorium. The policy is proposed to be implemented by February for general industry, and March for export-oriented industries. In principle, it is the right decision. Under 2015 power policy, new capacity is being added to the grid and more capacity will come online in the next few years. There is no way domestic and commercial consumer…

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