Category: Shortcode

Coal pricing mechanism: power plants, coal suppliers question Nepra’s proposed revision

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coal

ISLAMABAD: Coal power plants and coal suppliers on Thursday raised questions on NEPRA’s proposed revision in coal pricing mechanism without taking them on board, making irrational deductions, and the exchange rate that is hitting them as their invoices are not being cleared by the concerned agency. The NEPRA Authority, comprising Chairman Waseem Mukhtar, Member (Tariff and Finance), Mathar Niaz Rana, (Balochistan) Member (Technical), Rafique Ahmad Shaikh, (Sindh) Member, Khyber Pakhtunkhwa, Maqsood Anwar Khan and Member (Law) Amin Ahmad(Punjab) officiated public hearing which was attended by the representatives of coal-fired plants,…

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OGDCL and NUST forge strategic partnership

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OGDCL-NUST

ISLAMABAD: In a landmark development to address critical exploration and production (E&P) issues, the Oil & Gas Development Company Limited (OGDCL) and the National University of Sciences and Technology (NUST) have forged a strategic partnership to drive innovation, research, and educational excellence in Pakistan’s energy sector. OGDCL and NUST have signed a Document of Understanding (DoU), ushering in new opportunities for innovation, research, and educational excellence in Pakistan. The DoU was signed by Ahmed Hayat Lak, CEO of OGDCL, and Dr Rizwan Riaz, Pro-Rector RIC representing NUST, in a ceremony…

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First Solar School Project in Pakistan Inaugurated at Benchmark School

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PGREF-School

Islamabad, 20 September 2023: Pakistan-German Renewable Energy Forum (PGREF) and Benchmark School, in collaboration with the Goethe Institute, organised an event for the inauguration of Benchmark School as a new Solar School. The event marked the official launch of the project at the school and its integration into the “Solar Schools” network, highlighting the successful installation of a solar system for teaching purposes and the importance of renewable energy and climate change for the youth of Pakistan. It brought together the school management, esteemed dignitaries from both Pakistan and Germany,…

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Defaulters owe DISCOs over Rs2tr

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Hydroelectricproject

ISLAMABAD: The government appears to be highly concerned about the runaway circular debt that amounts to a staggering Rs2.3 trillion but habitual defaulters have caused no less damage to the power sector as they owe over Rs2 trillion. These defaulters have widespread influence and are still receiving electricity from power distribution companies (DISCOs), though they have not paid bills since long. The government has only been able to reduce electricity supplies to such customers so that DISCOs could somewhat curtail their losses. In addition, independent power producers (IPPs) are receiving…

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FBR tells Senate body: Rs37bn ‘solar panel scam’ to be probed under AML

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fbr

ISLAMABAD: The Federal Board of Revenue (FBR) has informed the Senate Standing Committee on Finance that over Rs37 billion over-invoicing scam on import of solar panels would be dealt with under the Anti-Money Laundering Act (AML). The meeting featured a briefing by the FBR chairman and his team, shedding light on reports of massive money laundering by solar panel importers. The FBR chairman informed that as a result of the audit, two FIRs have recently been lodged against M/s Bright Star Business Solution (Pvt) Ltd and M/s Moonlight Trader (SMC)…

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