Category: Shortcode

No payment of Rs20bn to 14 WPPs unwilling to amend PPAs

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wind-power

ISLAMABAD: The incumbent caretaker government has discontinued ongoing negotiations with 14 Wind Power Plants (WPPs) as they are unwilling to amend their power purchasing agreements (PPAs), negating agreements they inked with the government of the day. “The government will not pay Rs20.728 billion which was earlier earmarked for 14 WPPs but they didn’t show respect to the agreements they initialed for making way to amend their power purchase agreements. Since they have not altered the PPAs, the government will now reallocate Rs20.728 billion to clear outstanding liabilities of Government Power…

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Sale of natural gas: Ogra grants licence to SSGC’s subsidiary

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gas-prices

KARACHI: The Oil and Gas Regulatory Authority (OGRA) has granted a licence to SSGC Alternate Energy (Private) Limited (SSGC-AE) to undertake the regulated activity of the sale of natural gas/RLNG to its customers in accordance with the terms and conditions given in the licence. SSGC announces 48-hour gas holiday for all industries The SSGC Alternate Energy (Private) Limited is a wholly-owned subsidiary of Sui Southern Gas Company (SSGC), material information sent to Pakistan Stock Exchange on Wednesday said.

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Getting power from Cat–III wind projects: KE links setting up of infrastructure to Nepra’s nod

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circular-debt-K-electric-ceo

ISLAMABAD: K-Electric (KE) has reportedly linked establishment of infrastructure of power evacuation from category–III wind projects with approval of investment plan from National Electric Power Regulatory Authority (Nepra), well informed sources told Business Recorder. KE’s Chief Strategy Officer Shahab Qader Khan in a letter to Director Wind/ Solar/ Thermal PPIB, stated that the power utility company is actively pursuing the integration of renewable generation into its network, showcasing its commitment to leveraging renewable energy sources and reducing dependence on imported fuels. According to him, KE has already expressed its interest in…

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Ready to upgrade CPEC, says Beijing

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CPEC-likely

BEIJING / ISLAMABAD: China has said it is ready to work with Pakistan to upgrade the China-Pakistan Economic Corri­dor (CPEC) and accelerate the building of an even closer China-Pakistan community with a shared future in the new era. Separately, caretaker Prime Minister Anwaarul Haq Kakar said after having achieved the first phase of CPEC, Pakistan is benefiting from its early harvest projects while remaining engaged with China to execute the next phase. Chinese foreign ministry’s spokesperson Wang Wenbin while answering a question during a briefing on Wednesday said, “China stands…

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Role of AI in everyday life needs interdisciplinary discourse for promotion of unconventional thinking: Jutice Baqar

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Jutice-Baqar

KARACHI (Jan 24): Caretaker Sindh Chief Minister Justice (Retd) Maqbool Baqar has said that technological advancement, energy conservation, alternate energy resources, and the pivotal role of artificial intelligence (AI) in everyday life have made it essential to carry out such interdisciplinary discourse for promotion of unconventional thinking, breaking the silos and challenging the norms which are gradually becoming obsolete. This he said while speaking at a Two-day international conference organised by Dawood University of Engineering & Technology on Blurring the Barriers: Interdisciplinary of Architecture at the University auditorium on Wednesday.…

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