Category: Shortcode

NEECA asks Punjab, KP to establish their EE&C agencies

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Power-generation

ISLAMABAD: National Energy Efficiency and Conservation Authority (NEECA) has urged Punjab and Khyber Pakhtunkhwa to expedite process to establish their own Energy Efficiency and Conservation (EE&C) Agencies to contribute in efforts to conserve energy. Managing Director, NEECA, Dr Sardar Mohazzam in separate letters to Chief Secretaries of Punjab and Khyber Pakhtunkhwa has stated that the National Energy Efficiency and Conservation Authority was established under the National Energy Efficiency and Conservation (NEEC) Act 2016 to undertake Energy Efficiency and Conservation (EE&C) measures across Pakistan to help steer the country towards energy…

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Proposed increase in gas tariff not to affect 57% consumers, help stop increase in circular debt: Energy Minister

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WhatsApp-Image

ISLAMABAD, Oct 26 (APP): Minister for Energy Muhammad Ali on Thursday said the proposed increase in gas tariff would not affect 57 percent of consumers across the country rather it would help control and end the ever-increasing circular debt of the petroleum sector.“It will be a big achievement,” the minister said in a media briefing on the gas prices’ revision along with Minister for Information and Broadcasting Murtaza Solangi.The Energy Minister said the increase in gas prices had been approved by the Economic Coordination Committee (ECC) and now would be…

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Gas supply may be limited to eight hours a day in winter

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secure-gas

ISLAMABAD: The recent surge in gas prices would be instrumental in curbing the gas sector’s circular debt, which has swelled to Rs2,100 billion, Caretaker Energy Minister Muhammad Ali said on Thursday but painted a bleak picture for the coming winter, with gas supply duration limited to just eight hours a day. Briefing the media, Mr Ali said that the current circular debt for the entire energy sector was Rs4,500bn without interest payments and it included Rs2,300bn in the electricity sector. “There will not be a resurgence of the circular debt…

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Power sector debt soars to Rs2.54tr

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sector-debt

IMF review signals delays in energy deals, debt reduction measures ISLAMABAD: Despite an increase in electricity prices, Pakistan’s power sector circular debt reached Rs2.54 trillion by the end of September. However, this debt remains within the maximum ceiling agreed upon with the International Monetary Fund (IMF). The Ministry of Finance, on Thursday, conducted a review of the $3 billion Stand-By Arrangement with the IMF, concluding that the country’s performance was largely satisfactory. Nevertheless, there was a delay in reopening and finalising energy deals with Chinese power plants. Pakistan had also…

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MoU inked to set up EV stations

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electronic-vehicle

China-Pak JV aims to remove hurdles preventing transition to alternative fuels BEIJING: Pakistan’s Senate Chairman Muhammad Sadiq Sanjrani, along with a delegation, witnessed the signing of a landmark memorandum of understanding (MoU) in Beijing. The MoU, inked on October 25 between TGOOD, a leading Chinese company, and the REC Group of Pakistan, aims to promote environmentally friendly electric vehicles (EVs) in Pakistan. Speaking on the occasion, the Senate chairman said the collaboration had resulted in a strategic partnership aligned with the sustainable green development initiatives set forth by China during…

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