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Steel company to install solar power project
Scheme is expected to steer green revolution in steel sector
At a time when the government is suspending gas supply to the industry that generates its own electricity, Agha Steel Industries has announced plans to install a 2.25-megawatt solar power project.
According to a notification sent by the company to the Pakistan Stock Exchange (PSX) on Wednesday, it has signed a contract with Renewable Power Private Limited for installation of the 2.25MW solar power project at its production facility located at Port Qasim, Karachi.
“Meezan Bank has been nominated as the lead Islamic banking arranger for the project,” it said. “This would be one of the largest solar power projects installed by a steel manufacturer in Pakistan.”
National
January 19, 2021
ISLAMABAD: Amid the impending LNG availability crisis in February, 2021 on account of backing out by UAE based LNG supplier (ENOC) of its commitment to provide an LNG vessel next month, the top management of Jamshoro Joint Venture Limited (JJVL) has asked the Petroleum Division (PD) to comply with the ECC decision by letting its LPG extraction plant resume operation.
“Once JJVL’s LPG extraction plants comes on stream, it will start catering to the energy needs of over 750,000 homes across Pakistan. And this will also help contain the increasing LPG prices that have surged a lot mainly because of huge deficit of piped gas (local gas and RLNG) in the country,” unfolds the letter of JJVL written on Monday (January 18, 2021) to Special Assistant to PM on Petroleum Nadeem Babar.
National
January 19, 2021
ISLAMABAD: Amid the impending LNG availability crisis in February, 2021 on account of backing out by UAE based LNG supplier (ENOC) of its commitment to provide an LNG vessel next month, the top management of Jamshoro Joint Venture Limited (JJVL) has asked the Petroleum Division (PD) to comply with the ECC decision by letting its LPG extraction plant resume operation.
“Once JJVL’s LPG extraction plants comes on stream, it will start catering to the energy needs of over 750,000 homes across Pakistan. And this will also help contain the increasing LPG prices that have surged a lot mainly because of huge deficit of piped gas (local gas and RLNG) in the country,” unfolds the letter of JJVL written on Monday (January 18, 2021) to Special Assistant to PM on Petroleum Nadeem Babar.
National
January 12, 2021
ISLAMABAD: A four-member ministerial committee, headed by Federal Minister for Planning and Special Initiatives Asad Umar, set up by Prime Minister Imran Khan with the mandate to pinpoint the responsible for petrol crisis in June 2020, has completed its investigation and may submit its report to the federal cabinet, which meets today (Tuesday).
With Shafqat Mehmood, Shireen Mazari and Azam Swati as other members, the ministerial body was constituted to pinpoint those responsible for the petroleum crisis, in the light of a report of the five-member inquiry commission, headed by Abubakar Khuda Baksh, additional director general FIA.
The inquiry commission had recommended action against Ogra [Oil and Gas Regulatory Authority], secretary Petroleum Division, director general Oil, and private oil-marketing companies (OMCs).