Category: Shortcode

‘Financial institutes must fund more renewable energy projects’

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energy-projects

KARACHI: Pakistan’s energy supply relies heavily on fossil fuel sources, which has prompted the need for financial institutions to divert their finances towards renewable energy projects in the country, experts said on Wednesday. Academics, researchers, environmentalists and policymakers said that financial institutes needed to redirect their funding from fossil fuel sources to renewable projects to address environmental concerns. They were attending the launch of the “Energy Finance Outlook – A Case of Pakistan”, a study conducted by the Department of Economics and Management Sciences of the NED University in collaboration…

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OGRA inspects LPG plants

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LPG-plant

KARACHI: The Oil and Gas Regulatory Authority (OGRA) has inspected a number of liquefied petroleum gas (LPG) plants in collaboration with the local authority to ensure compliance with safety standards and regulations in the LPG industry. The inspection was carried out by the enforcement department under the instructions of Chairman Masroor Khan, a statement said on Wednesday. According to OGRA, the inspection revealed that one LPG plant, whose licensee is responsible for adhering to OGRA’s stringent guidelines, was engaged in the filling of gas in sub-standard cylinders, blatantly disregarding safety…

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Stage-I of Dasu Dam completed

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Dasu-Dam

ISLAMABAD: In a major development for the Dasu Hydropower Project, stage-I of the concrete-starter dam has been completed upstream of the main dam. As per its design, the starter dam will be completed in two stages – in stage-I the dam has been elevated up to 785 metres while in stage-II it will be enhanced to 798 metres above the mean sea level. Stage-I of the dam has been completed in the current month before the high flow season, which is a landmark the project team has successfully achieved, said…

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ECC approves Rs80bn subsidy for power sector

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power-sector

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved Rs80 billion subsidy for the power sector and allowed K-Electric to recover Rs1.52 per unit from consumers. The ECC meeting presided over by Finance Minister Ishaq Dar approved the Ministry of Energy (Power Division)’s various summaries with the one seeking quarterly tariff adjustments of KE. The meeting was told that as per the National Electricity Policy 2021, the government may maintain a uniform consumer-end tariff for KE and state-owned distribution companies. Accordingly, the KE applicable uniform variable charge is…

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KE discusses options of participation in Jamshoro power unit with PD

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Power-voices

ISLAMABAD: Power Division and K-Electric (KE) on Wednesday discussed different options for the latter’s participation in the second unit of Jamshoro coal power plant (2×600-MW), saying that the development of the project can be fast-tracked by structuring the transaction under G2G framework with Saudi Arabia. The meeting was attended by senior officials of Power Division, CPPA-G, NTDC and PPIB whereas KE’s also sent it senior management. In a letter to Power Minister Khurram Dastgir Khan, CEO KE Syed Moonis Abdullah Alvi shared the outcome of meetings of the Prime Minister’s…

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