Category: News & Announcement

LAHORE: The Mangla dam, the biggest water reservoir of the country, may not be filled this year, jeopardising 13 million acre feet (MAF) Rabi supplies to Punjab and endangering wheat crop in the province and food security of the country. The Indus River System Authority (Irsa) now seems resigned to the fact, saying: “If the country has much above normal monsoon, the Mangla Lake may touch a level of 1,210 to 1,220 feet against its optimum level of 1,242 feet.” The alarm bells started ringing when the lake, which should…

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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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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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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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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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