FPCCI questions setting up of RLNG-based plant in Punjab

The Federa­tion of Pakistan Chambers of Commerce & Industry (FPCCI) on Tuesday demanded that government explain the rationale behind approving the 1,263MW power plant being set up by Punjab Thermal Power Ltd in Jhang which is based on imported regasified liquefied natural gas (RLNG). In a statement, FPCCI President Mian Nasser Hyatt Magoo said the new plant will cost six cents USD/Kwh, when producing electricity on imported RLNG and as high as 11 cents USD/Kwh when producing energy on high speed diesel. On the other hand, the government is not…

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PM Imran offers Saudi crown prince support on launch of kingdom’s 10 billion-tree drive

Prime Minister Imran Khan has offered Saudi Crown Prince Mohammad bin Salman support in his plans to launch a 10-billion tree plantation drive, while also inviting him to collaborate on climate change initiatives. “I am delighted to learn about Your Royal Highness’s plans for launching Saudi Green Initiative aimed at protecting the nature and planet. The two initiatives, which, inter alia, include, plantation of 10 billion trees and its upscaling to 50 billion in the region as part of Green Middle East Initiative, are highly commendable,” the premier said in a letter…

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Roaring success of Scottish windfarm shows global potential

It took 10 years to develop the first floating windfarm and it seemed to some a dangerous gamble to put it 15 miles off Aberdeen in the stormiest waters of the North Sea. But after three years of being in operation it has broken world records for maximum output. Its success even outstrips the speed with which Europe’s other offshore windfarms, those standing in shallow water, have gone from being an expensive renewable option to a mainstream power source. Floating windfarms’ worldwide potential is even greater. The scale of the…

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Deadlock in commissioning of Matiari-Lahore HVDC transmission project

ISLAMABAD: In the latest development, Chinese company Pak Matiari- Lahore Transmission Company (PMLTC), which completed ±660kV Matiari-Lahore HVDC Transmission Project with investment of $2.2 billion in two years time, has threatened to move the international arbitration court against the government-owned company National Transmission Dispatch Company (NTDC) for creating hurdles in the commissioning of the project. The Chinese company has asked the board of directors of NTDC to hold a meeting and give it an opportunity for briefing on the causes of oscillation that happened on December 2, 2020 during the…

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CPEC’s Thar Coal Block-1 project making rapid progress: Li Jigen

KARACHI: The Thar Coal Block-1 project, which is an important part of China Pakistan Economic Corridor (CPEC), is making rapid progress despite all odds, says a top official. At the office relocation ceremony of Sino Sindh Resources Private Limited (SSRL), Li Jigen, Chief Operating Officer of SSRL, a subsidiary of Shanghai Electric, said that despite the Covid-19 pandemic and other obstacles, the mega project in Thar has picked up pace in recent times. Tariq Shah, Sindh Energy Secretary, Meng Donghai, CEO of Thar Coal Block-1 Power Generation Co and Li…

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Feat of engineering achieved at Jagran-II HPP

KARACHI: A landmark achievement has been accomplished at Jagran – II HPP where FWO devised a strategy to excavate the upstream with downstream portions of the Main Headrace Tunnel by carrying out excavation from both ends in opposite directions and meeting in the middle. This happened on 27 January 2021 when the milestone of meeting the two tunnels with a tolerance of less than 10 centimetres, was achieved successfully – this has never been done before in Pakistan. FWO, while maintaining its professional integrity and credibility, has excavated 1.88 kilometres…

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Nigeria’s mining authorities to revoke 3,000 mineral titles

Federal mining licensors at Nigeria’s Mining Cadastre Office (MCO) are looking to February 12 to commence the revocation of some 2,763 mineral titles whose holders have failed to pay outstanding yearly service fees in a new aggressive revenue drive designed to swell government’s coffers in 2021. The titles at risk of federal axe represent 25 per cent of the total 10,959 mining operators registered in Nigeria, according to data from the Ministry of Mines and Solid Minerals Development as of December 31, 2020. An MCO report spelling out this plan, issued from…

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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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RLNG supply to KE’s new unit: PD directed to play role in signing of pact

ISLAMAABAD: The Cabinet Committee on Energy (CCoE) has directed Petroleum Division (PD) to play its role in accordance with the relevant laws/rules in signing required agreement(s) with PLL and KE for RLNG supply to KE’s new unit while ring fencing old KE receivables issue related to indigenous gas supply, sources close to SAPM on Petroleum told Business Recorder. The decision was taken at a meeting of the CCoE held on January 18, 2021 under the chairmanship of Minister for Planning, Development and Reforms, Asad Umar. The decision of the committee…

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