Pakistan’s power crisis has gotten worse, with load-shedding extending up to several hours at a stretch in different cities. According to the latest figures provided by sources in the power division, the country is facing an electricity shortfall of somewhere between 7,000 and 8,000 megawatts. Due to a mudslide at the Tarbela Dam, power generation was stopped and machinery has…
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As the government is encouraging utilisation of renewable energy technology at the consumer end, The National Electric Power Regulatory Authority (Nepra) issued a total of 5,283 new licences for net-metering-based installation of approximately 90.15MW during the July 2020 to March 2021, the Economic Survey suggests. “As of 31st March, 2021, a total of 10,563 generation licences for net-metering-based solar installations…
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Thermal power generation has become the largest source of power generation in national electricity generation mix as the shares of hydro, nuclear and renewable power have declined in FY2021 as compared to FY2020. According to Pakistan Economic Survey 2020-21, currently thermal has the largest share in electricity generation and its percentage share in FY2021 has increased by almost one percent…
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The International Gas Union’s (IGU) recent report on world LNG markets found that the trade increased by only 1.4 mt to 356.1 mt compared to 2019 supported by increased exports from the US and Australia, together adding 13.4 mt of exports. Asia Pacific and Asia again imported the most volumes in 2020, together accounting for more than 70% of global LNG imports.…
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An accountability court in Quetta remanded former chairman Balochistan Development Authority and former security officer of Tethyan Copper Company into National Accountability Bureau’s custody for 15 days in the Reko Diq scam case. The accused persons were arrested from Islamabad four days ago. During the hearing, Judge Munawar Shahwani approved the anti-graft watchdog’s remand plea. It is pertinent to mention…
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Production cuts by OPEC+ countries, coupled with rising demand from reopening industries worldwide, are driving up oil prices. And oil’s upbeat prospects are helping the oil and gas industry reclaim investors’ attention. As such, we think popular oil and gas corporation Exxon Mobil (XOM), and China Petroleum & Chemical (NYSE:SNP), are well-positioned to capitalize on the industry tailwinds. But let’s…
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KARACHI: Water management is one of the biggest issues that Pakistan has been facing in recent decades. At the moment, our water storage capacity is close to 10 per cent, which is very low compared to the world, where the average is about 40pc. This was stated by Malik Amin Aslam, special assistant to the prime minister and federal minister…
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Water and Power Development Authority has successfully completed construction works to clear sedimentation by raising the intakes of two tunnels at Tarbela Hydel Power Station ahead of schedule. According to the spokesman of Authority, these construction works funded by the World Bank are aimed at increasing reliability of electricity generation from Tarbela Dam. He said with the completion of these…
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