nergy-producing nations have “weathered the COVID-19 demand devastation storm and non-compliance [with output cuts] should become the end-of-summer theme for OPEC+,” said Moya. On Monday, West Texas Intermediate crude for August CLQ20, -0.09% was down 13 cents, or 0.3%, at $40.49 a barrel on the New York Mercantile Exchange, after posting a weekly gain of 5% on Thursday, with U.S.…
Read MoreDay: July 6, 2020
Highest ever hydel electricity generated in 2019-20: Asad Umar
ISLAMABAD: Minister for Planning, Development and Special Initiatives Asad Umar on Sunday said WAPDA produced the highest ever hydel electricity in 2019-20 with an increase of 20 per cent, compared to the previous year. In his tweet, the minister said massive hydel capacity increase was taking place with Dasu, Mohmand and Diamir Bhasha Dams being built. “We need to rely…
Read MorePakistan, China ink accord for construction of Azad Pattan Hydel Power Project
ISLAMABAD: Pakistan and China on Monday signed an agreement for the construction of Azad Pattan Hydel Power Project. Prime Minister Imran Khan, Power and Petroleum Minister Omar Ayub Khan and Special Assistant to PM on Information and Broadcasting & CPEC Authority Chairman Lt Gen (r) Asim Saleem Bajwa witnessed the signing ceremony. Addressing the ceremony, the prime minister said the…
Read MoreIndia Sees New Record-Low Tariff In 2 Gigawatt Solar Bid
India witnessed a new record-low solar power tariff in one of the recently concluded national level tenders. The new tariff bid is 3% lower than the previous record-low bid which was first discovered in 2017 and then twice in 2018. The Solar Energy Corporation of India (SECI) bid out 2 gigawatts of solar power capacity late last month in an auction dominated…
Read MoreTracking the Sun to Boost Solar Energy
Solar-power farms could increase average yield 35% to 40% simply by mounting double-sided photovoltaic (PV) panels on trackers to follow the sun, a multinational research team reports. The team—led by Carlos D. Rodríguez-Gallegos, a research fellow at the Solar Energy Research Institute of Singapore, which is part of the National University of Singapore—analyzed, on a global basis, two types of…
Read MoreOGDCL UCH GAS FIELD PAYMENT OF LAND RENT
Islamabad (6th July, 2020) In view of media reporting based on incomplete information regarding payment of land rent by Oil & Gas Development Company Limited (OGDCL) to the landowners at Uch Gas Field, it is necessary to place a record the factual position to avoid unnecessary speculation, hype and ambiguity. The actual facts and circumstances are as follow.OGDCL’s Uch Gas…
Read MoreTHE SHIPPING INDUSTRY MAY FINALLY BE TURNING TO WIND POWER
For centuries, wind was the force that moved cargo around the globe, until it was replaced by steam and then diesel during the industrial age. As the shipping industry comes under ever greater scrutiny for its emissions and pollution, there could still be a future for sail-power to transport cargo. REINTRODUCING WIND POWER TO LARGE CONTAINER SHIPS There are several…
Read MoreGermany is first major economy to phase out coal, nuclear energy
BERLIN: German lawmakers have finalised the country’s long-awaited phase-out of coal as an energy source, backing a plan that environmental groups say isn’t ambitious enough and free marketeers criticise as a waste of taxpayers’ money. Bills approved by both houses of parliament on Friday envision shutting down the last coal-fired power plant by 2038 and spending some 40 billion euros…
Read MoreEx-MD of PSO Declared Fugitive in LNG Case
ISLAMABAD: An accountability court of Islamabad has declared Shahidul Islam, former managing director of the Pakistan State Oil (PSO), a proclaimed offender in a case pertaining to the LNG scam that also involved former prime minister Shahid Khaqan Abbasi. The accountability judge ordered the authorities concerned to block his national identity card. The decision to start the proceedings of proclamation…
Read MoreChina’s Era of Mega-Dams Is Ending as Solar and Wind Power Rise
It’s the beginning of the end for the era of mega-dam building in China. China Three Gorges Corp. last week turned on the first set of generators at the massive Wrongdoer hydro power plant, deep in the mountains of Yunnan province. About 170 kilometers (106 miles) downstream on the Jinsha River sits Tibetan, the last of its kind, scheduled to go…
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