National Electric Power Regulatory Authority (Nepra) has certified that performance of Karachi Electric (KE) and National Transmission and Despatch Company (NTDC) improved in 2019-20 with respect to preceding year. Nepra, in its Performance Evaluation Report (PER) of KE 2019-20, said that system duration of interruption was witnessed on average around 0.12 hours (7 minutes) which shows a decrease of 80%…
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:Balochistan government has planned to install solar energy system in various government departments including health, education, agriculture among others in the next financial year 2021-22. The installation of solar energy system in Primary healthcare centers in areas which were not connected to the national grid would be done in the next public sector development programme, an official of Balochistan government told APP on Thursday. The newly established Medical Emergency Response Centers (MERCs)…
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Water and Power Development Authority (WAPDA) has successfully raised $500 million from the international markets at 7.5% on Thursday, completing a landmark deal not just for Pakistan’s power sector, but also the country’s first green bond issuance. Early details indicate the bond issue was also oversubscribed by over 4 times, attracting $2.2 billion, and bringing down the initial guidance level…
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UK oil and gas operators are on the cusp of dramatic transformation as the sector recovers from the impact of the coronavirus and positions itself for a low carbon future. Of those contractors responding to a survey, 75% anticipate moving into renewables work over the coming three to five-year period, the highest level recorded since the question was first asked…
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Liquefied natural gas (LNG) demand growth in Asia will slow down next year as the economic recovery stagnates and the capacity of competing fuels nuclear and coal expand in Japan and South Korea, research consultancy Wood Mackenzie said on Thursday. LNG demand in Asia is expected to rise by 12 million tonnes per annum (mmtpa) in 2022, down from the…
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The month of May marks the 23rd anniversary of nuclear weapon tests in South Asia. Since then, the discourse on non-military aspect of nuclear technology and its enormous potential of peaceful application have overshadowed by its military use. The creation of the International Atomic Energy Agency (IAEA) in 1957 was a watershed moment in the history of nuclear fission technology.…
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Back in 2015, the Paris Agreement aimed to address the climate change due to the possible rise in the temperatures by 1.5 degrees Celsius, which has been translated into net zero greenhouse gas emissions by 2050. In the same vein i.e., to meet Paris Agreement goals, the International Energy Agency in its recent report ‘Net Zero by 2050’ has called…
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The federal government has filed a motion with the power regulator for extension of abolishment of time-of-use electricity tariffs for industrial consumers, as the Cabinet Committee on Energy approved the Power Division’s proposal for the same. Recall that the government had support to industrial power consumers back in November 2020, with various support packages announced, of which abolishment of peak…
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Special Assistant to Prime Minister on Climate Change Malik Amin Aslam on Thursday said that introducing modern and environmental-friendly transport system through electric vehicles (EVs) in the country is of unprecedented importance to the efforts for coping with Pakistan’s air pollution woes and making cities clean and green under PM Imran Khan’s world-acclaimed green agenda. “Introducing EVs in the country’s…
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The Ministry of Finance may allocate Rs330 billion for power subsidies, which are equal to 60% of the next fiscal year’s estimated needs, sowing the seed for additional Rs220 billion circular debt from the very first day of the new fiscal year. Finance Minister Shaukat Tarin also threw his weight behind a proposal of giving subsidised gas and electricity to…
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