ISLAMABAD: Honest power consumers have paid Rs400 billion to independent power producers (IPPs) during the current Pakistan Tehreek-e-Insaf (PTI) government’s tenure despite no addition of electricity to the national grid, blamed on faulty agreements inked by the previous government. According to government officials, the PTI administration has increased power tariff by Rs5.32 per unit to clear the backlog left by the…
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General Electric (GE) has for the first time achieved blackstart of a GE heavy-duty gas turbine using battery energy storage. The company announced on Feb. 26 it completed black start of a GE 7F.03 gas turbine at a 150-MW simple-cycle unit at Entergy Louisiana’s Perryville Power Station using a 7.4-MW battery-based energy storage system. The unit in Ouachita, Louisiana, began operation in…
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Regulatory bodies are formed to determine rules and regulations in the context of authority bestowed by legislation either by an elected parliament or an equivalent source of power. Regulatory bodies implement laws made by legislative institutions by making and enforcing regulations. They have quasi-legislative, executive and judicial functions. Economic regulatory bodies such as Ogra and Nepra have to establish rules…
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LAHORE: Reduced off-take of regasified liquefied natural gas (RLNG) by the power sector has put Pakistan State Oil (PSO) and two public sector gas utilities – Sui Southern Gas Company (SSGC) and Sui Northern Gas Pipelines Ltd (SNGPL) — in trouble as the situation could lead to a penalty of $25 million on per LNG cargo basis. On the other…
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Dublin, March 06, 2020 (GLOBE NEWSWIRE) — The “Onshore Oil & Gas Pipeline Market – Growth, Trends, and Forecast (2020 – 2025)” report has been added to ResearchAndMarkets.com’s offering. The global onshore oil and gas pipeline market is expected to register a CAGR of more than 5.7% during the forecast period of 2020-2025. According to International Energy Agency (IEA), demand for oil is expected…
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Energy shares on Friday weighed heavy on the capital market as it tumbled tracking international stocks and oil rout after a recent spike in global coronavirus cases reignited scares the world economy was likely at the risk of a depression, dealers said. Pakistan Stock Exchange’s (PSX) benchmark KSE-100 shares index lost 2.95 percent or 1162.44 points to close at 38,219.67…
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