Category: Recent Post

Germany has pulled the plug on three of its last six nuclear power stations as it moves towards completing its withdrawal from nuclear power as it turns its focus to renewables. The government decided to speed up the phasing out of nuclear power following Japan’s Fukushima reactor meltdown in 2011 when an earthquake and tsunami destroyed the coastal plant in the world’s worst nuclear disaster since Chernobyl in 1986. The reactors of Brokdorf, Grohnde and Gundremmingen C, run by utilities E.ON and RWE , shut down late on Friday after three and…

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Special Assistant to the Prime Minister on Poverty Alleviation and Social Protection Senator Dr Sania Nishtar on Sunday inaugurated the first-ever ginger cultivation during the Ginger Harvest Workshop held in the Balkasar area of Chakwal, Punjab. This was the first ginger harvest piloted in Pakistan. The crop was grown in 11 months. Being an essential ingredient of Pakistani cuisine, ginger is high in demand but unfortunately, it is not grown here, and all the crop is imported to meet domestic needs. At the event, participants learnt from experts about the…

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Refinery Limited (PRL) has announced that it will upgrade its plant to convert furnace oil into advanced quality Euro-V petrol and diesel and expand production capacity to more than double the existing one at an estimated cost of $1.2 billion. “The board of directors of Pakistan Refinery Limited in its meeting held on December 27, 2021 has decided to undertake refinery expansion and upgrade project (REUP),” PRL Company Secretary Shehzad Aminullah said in a notification to Pakistan Stock Exchange (PSX) on Tuesday. “The project cost is currently estimated at around…

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Inefficiencies of distribution companies have been considered as one of the main power sector problems, although this is not the sole issue and performance improvement alone may not allow to get rid of the problems and difficulties of the sector. Losses may at best be halved and brought to the level of 8-10%. Technical improvements such as smart meters alone may not be a panacea but organisational changes would be required as well. We will discuss some of these issues and strategies in this space. One of the DISCO performance…

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K-Electric has received “withdrawal” of Public Announcement of Intention (PAI) for acquisition of up to 66.40 percent voting shares of K-Electric Limited by Shanghai Electric Power Company Limited. With reference to the Public Announcement of Intention (PAI) made by Shanghai Electric Power Company Limited (acquirer) dated June 30, 2020 to directly or indirectly acquire up to 18,335,542,678 ordinary shares of K-Electric Limited (the target company) representing 66.40 percent of the total issued share capital of the target company, subject to receipt of regulatory and other approvals (transaction), Arif Habib Limited,…

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