Category: Highlights

Boeing has set an ambitious target that all of its commercial aircraft will be able to fly on 100 per cent sustainable aviation fuels by 2030, according to a statement on its website. Currently, sustainable aviation fuels are mixed in a 50/50 blend with conventional jet fuel – the maximum amount allowed under specifications. Sustainable fuels can reduce carbon dioxide emissions by up to 80 per cent, with the potential to reach up to 100 per cent, according to studies by the Air Transport Action Group, the US Department of Energy and…

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Australia’s government is in no rush to sign up to a target of net zero carbon emissions by 2050, although it recognises the importance of working towards that goal, Prime Minister Scott Morrison said in an interview published on Saturday. Morrison’s conservative government, in a surprise change of policy last month, said it would achieve its 2030 carbon emissions pledge under the Paris climate agreement without counting carbon credits from over-achieving on its previous climate targets. But in an interview with The Australian newspaper, Morrison said he will not take…

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A preliminary agreement has been reached between the government and the Independent Power Producer IPPs and IPPs have informed the Pakistan Stock Exchange PSX about it, reported 24NewsHD TV channel quoting it’s on Monday. Around two dozen IPPs, including Hubco, have signed a preliminary agreement with the government on Amended Power Purchase Agreements according to which the government will pay Rs 450 billion to IPPs. Hubco submitted details of the agreement with Central Power Purchasing Company CPPC to Pakistan Stock Exchange. Sources claimed that the Ministry of Finance will pay…

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ISLAMABAD: The State Bank of Pakistan (SBP) has received requests for Rs610.2 billion until Jan 7 under the Temporary Economic Refinance Facility (TERF) for setting up of new industrial units in order to support sustainable economic growth. Of the requested amount, the approved financing has reached Rs293.5bn under TERF during the end-April to June 7, 2021 period, Commerce Adviser Razak Dawood said in a tweet on Wednesday. The scheme, which was launched in March 2020, will come to an end on March 31, 2021. TERF provides long-term concessionary refinance at…

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K-Electric’s flagship 900 MW power plant, BQPS-III is progressing on fast track and the Gas Turbine, Generator and Heat Recovery Boiler for the first unit of 450 MW have arrived at the power utility’s Bin Qasim Power Complex. Steam Turbine and Transformers for the first unit are on the way to the site. All relevant civil works are progressing swiftly for the installation with the target of ensuring that the first unit is ready to be commissioned by the summer of 2021, and the second unit of 450 MW by…

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