Category: Recent Post

After being “dropped” from a key rail project in southeastern Iran along the border with Afghanistan, India is also set to lose an ambitious gas field project in the country that had been in the pipeline for past 10 years. India’s Ministry of External Affairs in a statement on Thursday said Tehran would develop the Farzad-B gas field in the Persian Gulf region “on its own” and might engage India “appropriately at a later stage”. Last week, Masoud Karbasian, managing director of National Iranian Oil Company (NIOC), told reporters that…

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ISLAMABAD: Prime Minister Imran Khan has directed to formulate a comprehensive plan to provide relief to liquefied petroleum gas (LPG) consumers.The Prime Minister was chairing a meeting of the Cabinet Committee on Power here on Thursday to review issues related to the gas pricing system and electric tariff of K-Electric.The Prime Minister also directed to defer an Economic Coordination Committee’s (ECC) decision to raise the tariff for K-Electric consumers by Rs 2.79 per unit. He also directed to fix gas prices on a sustainable basis.The Prime Minister was briefed on…

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Swedish company SICPA maintains the operating rights to the Hagia Sophia for another seven years and is set to suffer losses linked to the museum’s $72 million in annual ticket sales, Dünya columnist Kerim Ülker said on Monday. In 2018, SICPA successfully bid $3.9 billion to win a tender for operating over 50 museums and archaeological sites for nine years, including Istanbul’s iconic Hagia Sophia, Ülker said. On Friday, Turkey’s highest administrative court annulled a 1934 decree that converted the Hagia Sophia from a mosque to a museum, reverting it…

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The government of Bangladesh has approved a $26 million project to provide free solar home systems to 40,000 households in three hilly districts with uncertain prospects of being incorporated into the electricity grid by 2045. Prime minister Sheikh Hasina approved the spending – the second phase of a project to provide free solar panels to households in the three communities of the Chittagong Hill Tracts area – on Tuesday at a meeting of the nation’s highest decision-making body, the executive committee of the National Economic Council. Under the latest phase…

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The world’s most relied-upon renewable energy source isn’t wind or sunlight, but water. Last year, the world’s hydropower capacity reached a record 1,308 gigawatts (to put this number in perspective, just one gigawatt is equivalent to the power produced by 1.3 million race horses or 2,000 speeding Corvettes). Utilities throughout the globe rely upon hydropower to generate electricity because it is cheap, easily stored and dispatched, and produced with no fuel combustion, meaning it won’t release carbon dioxide or pollutants the way power plants burning fossil fuels such as coal…

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