LAHORE: The government’s plan to fully convert coal power plants to 100% Thar lignite has encountered a major hurdle, with the Asian Development Bank (ADB) rejecting the proposal for Jamshoro Power sector news Unit I. ADB, the project’s largest creditor, cited legal agreements allowing only 20% local lignite, with 80% imported coal, as per the original deal. An energy ministry official confirmed that shifting to 100% Thar lignite would breach the existing legal covenants. ADB also raised environmental concerns, highlighting that Thar lignite’s higher emissions could surpass national and international…
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Major Cut in Electricity Prices Unlikely Anytime Soon: Leghari
ISLAMABAD: Power Minister Awais Leghari on Friday signaled ongoing negotiations with independent power producers (IPPs), stating that the nation would soon hear positive developments regarding efforts to gradually reduce electricity prices. However, he cautioned that significant relief should not be expected immediately. Testifying before the Senate Standing Committee on Power, Leghari explained that the task force he leads, established by the prime minister, had completed a review of the power sector. “People will soon receive good news about the IPPs,” he said, promising to update the panel on further details…
Read MoreChina-Pakistan green cooperation gains pace, a viable model of sustainable development: expert
Chinese and Pakistani engineers celebrate the starting of first unit wet testing of Suki Kinari Hydropower Project in Mansehra district of Khyber Pakhtunkhwa province, Pakistan, June 16, 2024. The first unit of the China-built Suki Kinari Hydropower project in northwest Pakistan was started up and formally entered the wet testing phase on Sunday. (Photo: Xinhua)Pakistan and China are deepening cooperation in emerging green sectors through the China-Pakistan Economic Corridor (CPEC), Mustafa Hyder Sayed, executive director of the Pakistan-China Institute told the Global Times in a recent exclusive interview. Sayed viewed…
Read MoreUBG President Strongly Opposes Exorbitant Hike in Power Tariff
(24th July 2023) United Business Group(UBG) representing the nation’s economic backbone, stands united in expressing profound concern and anxiety over the recent exorbitant increase in electricity tariffs. This hike has raised significant apprehensions among businesses, threatening to impact the purchasing power of consumers, lead to a decline in exports and investments, and potentially result in the closure of industrial units. President UBG Mr. Zubair Tufail emphasizes that the surge in electric tariffs will have a devastating effect on Small and Medium-sized Enterprises (SMEs) and cottage industries. Prior to this hike,…
Read MorePakistanis Can Now Travel to China in Just Rs. 60,000
A private bus service in Pakistan has decided to run its buses between Islamabad and the Chinese city of Tashkurgan after Eid al-Fitr. A representative of the company told Gwadar Pro that the service from Islamabad to Tashkurgan will start on 13 May 2023.
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