Category: Highlights

Financial firms, including British insurer Prudential, lenders Citi and HSBC and BlackRock Real Assets are devising plans to speed up the closure of Asia’s coal-fired power plants in order to reduce the biggest source of carbon emissions, five people with knowledge of the initiative said. The novel proposal, which is being driven by the Asian Development Bank, offers a potentially workable model and early talks with Asian governments and multilateral banks are promising, the sources told Reuters. The group plans to create public-private partnerships to buy out the plants and…

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Marine minerals are coming under sharp focus offshore Norway. Analysts suggest it could be a $20 billion annual revenue industry by 2050, which is why many are taking an interest and developing the technology to make it happen.  Marine mineral mining has been something of a slow burner in the wider marine world. It has some clear challenges, not least location and depth of these potential resources, but also concerns around its environmental impact. Yet it now appears to be coming into a distinctly sharp focus, not least in Norway…

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Khyber Pakhtunkhwa’s four 244.4 MW renewable and cheap electricity hydropower projects are stalled due to negligence of the Ministry of Energy (Power Division) and PESCO for the last three years. The projects are pending due to non-approval, notification, import certificates, and purchase agreement. Similarly, Pakhtunkhwa Energy and Development Organisation (PEDO) has an arrear of Rs7,147.604 million in electricity sales to the federal government. A reliable government source told this correspondent that the projects were delayed due to bureaucratic hurdles, which are hampering the production of cheap electricity, while Prime Minister…

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Shell Pakistan Limited collaborated with Uber and Muawin by Cashew Financial Services, to deliver a fuel management solution with unparalleled features to Uber partner drivers. Through this collaboration, Uber partner drivers will get access to fuel financing from Muawin by Cashew Financial Services, to fulfill their mobility needs at Shell. By means of tech-enabled financing and personalized Shell Fleet Cards, the Uber partner drivers can avail a wide range of convenient offers at Shell fuel stations. The offer is further enriched with fabulous discounts on lubricants and car washes, besides…

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High power testing of ±660kV HVDC Matiari-Lahore Transmission line is completed on fast track with close liaison of Pak Matiari Lahore Transmission Line Company (PMLTC) and National Transmission and Despatch Company (NTDC). HVDC system, on Monday, transmitted 3000MW power on Bi-pole successfully as per requirement of Transmission Services Agreement. Managing Director NTDC Engr Muhammad Ayub remained in control room of NPCC during the test and monitored HVDC parameters and also sought update about the test and issued guidelines to the commissioning working group, consultant and independent Engineer to perform test…

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