They all talk about wind power. There is no doubt that renewables including wind are imperative as part of the energy mix. It is environmental friendly and there is no variable cost of fuel. However, having wind power without planning of demand and evacuation capacity could have its repercussions. Pakistan is in its nascent stage of using wind power. The…
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The Karachi electricity consumers will finally be waking up to the reality of the thing called monthly ‘fuel charges adjustment’. Nepra, the other day announced the schedule for collecting FCA from K-Electric consumers for three years starting from July 2016 to June 2019. The said collection has been broken in parts so as to lessen the burden at once –…
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Coal exporters are experiencing the biggest drop in prices in over a decade. Global appetite for coal had been declining throughout 2019 primarily because of the declining demand in western economies. As a policy, both Europe and U.S. have been slowing moving away from coal-fired power plants, and toward cheaper and greener energy. This was a finding of the International…
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ISLAMABAD: The government should speed up reforms in the energy sector so that the economy can progress in a sustainable manner, a business leader said Monday. The infamous circular debt has reached Rs1.7 trillion and it will surpass Rs two trillion by the next year posing a serious threat to the economy, said Shahid Rasheed Butt former president ICCI. He…
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A consortium of PPL, Mari Petroleum Company Limited (MPCL), Oil and Gas Development Company Limited (OGDCL) and Government Holdings Private Limited (GHPL) are to participate in a bidding process of one block of hydrocarbon in Abu Dhabi with an investment of $ 400 million spread over five years. PPL has embarked upon an aggressive exploration and development program both within…
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By SYED AKHTAR ALI ISLAMABAD: Biofuels are agro-based fuels as opposed to fossil fuels, which include both liquid and gaseous forms. Current ethanol production is crop based, called 1G Ethanol, made out of fermentation of corn, sugar and others. Recently, 2G Ethanol (also called advanced liquid biofuel) has been introduced, which is based on cellulosic material such as bio-waste material including crop…
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ISLAMABAD: Vietnamese firm Phat Mechanical Manufacturing Company (Cophaco) has expressed willingness to import light fans from Pakistan for their supply in the local market following increased demand for luxury light fans primarily in resorts and hotels in Vietnam. The firm is one of the most prominent manufacturers of electric fans in Vietnam and exports its products to the US, Thailand and…
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ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has worked out minor adjustments in the costs of various imported petroleum products in the range of 1.8 per cent to a maximum 3.2pc for January 2020. The Finance Division will make the final decision on Tuesday whether to keep the petroleum products prices unchanged largely as a good gesture of the…
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In the transport-starved Karachi, 2019 was not a surprising year as like all the previous years since 2009, when the Pakistan Peoples Party (PPP) came into power in Sindh, not a single mega transport project for Karachi saw the light of day in the outgoing year. Here are the details of the bureaucratic red tape and Sindh government’s apathy that…
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ON Jan 1, 2020, the International Maritime Organisation (IMO) is set to impose new emission regulations designed to curb pollution produced by the world’s ships. The new IMO rule is poised to ban shipping vessels using fuel with a sulphur content higher than 0.5 per cent. At present, the upper limit on sulphur oxides is 3.5pc, unless the ships are…
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