As background engagements continue to call another special meeting of the Cabinet Committee on Energy (CCoE) to allow replacement of Engro’s LNG terminal for maintenance and statutory inspections, the Ministry of Maritime Affairs has demanded imposition of penalties on Engro for “violating the terms and conditions and jeopardising the energy security of Pakistan”. Informed sources said the second special meeting…
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Power Division and M/s GIZ Pakistan on Friday signed a new Implementation Agreement (IA) under which the latter will conduct Renewable Energy and Energy Efficiency (REEE II) project aimed at providing technical support to Power Division and its associated Alternative Energy Development Board (AEDB). The objective of the project is to contribute effectively to the energy transition in Pakistan. The…
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Lauding the efforts of Pakistani and Chinese engineers and workers for the construction of 4,320 megawatt Dasu hydropower project, Prime Minister Imran Khan has said this dam is vital for the development of Pakistan, as it will meet the country’s electricity need at a very reasonable tariff. “The construction of the dam is a difficult task for which I pay…
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China’s state planner and market regulator have jointly launched an investigation into coal prices and will crack down on speculation and hoarding, the country’s economic planning agency said on Friday. Reuters last week reported that a team of inspectors from five government departments, including the National Development and Reform Commission (NDRC) planning agency and the state market regulator, visited major…
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TOKYO, June 18 (Reuters) – Japan will tighten its rules on support for exports of new coal power plants, in line with a pact by the Group of Seven nations (G7) to halt new government backing for “unabated coal power” by the end of 2021, a government official said on Friday. The G7 pledged on Sunday to rapidly scale up…
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A decade ago, fossil fuels accounted for just over 80 percent of final energy consumption in the world. During the last ten years, renewable energy has boomed, and installations continue to soar to record highs. But oil, gas, and coal still represent over 80 percent of final energy consumption, despite the rising share of renewable energy in the world’s total…
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After an extraordinary year of health and economic challenges, the global oil and gas sector has an essential role to play in the economic recovery. The same could however be said of any economic recovery and expansion over the past 100 years – during this time oil and gas companies have provided most of the primary energy that has fuelled…
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Wanting more is not always bad, but it is ironic that such an important sector has not been able to undertake any major refinery upgradation and expansion all these years despite one crisis after the other (read petroleum). More recently, the sector has been waiting for the latest refinery policy that has been in the consultation and approval stage for…
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A new analysis released recently by the American Council on Renewable Energy (ACORE) finds that confidence among both renewable energy investors and developers is at an all-time high. The report, “Expectations for Renewable Energy Finance in 2021-2024,” presents the results of a new survey of large financial institutions and renewable energy development companies on their confidence in the sector in the…
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Chairman of National Business Group Pakistan and President Pakistan Businessmen and Intellectuals Forum, Mian Zahid Hussain has said on one hand government has provided relaxations to the business community while on the other it is creating problems for them. The finance minister has hinted to reverse power of arrest from the assistant commissioners of FBR and now the decision will…
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