The Islamabad Chamber of Commerce & Industry (ICCI) has shown grave concerns over the gas suspension to industry as well as electricity load shedding, saying these would badly affect industrial productivity and ultimately hurt the overall economy. ICCI President Sardar Yasir Ilyas Khan said that the supply of gas was stopped abruptly to various industries in Islamabad including steel re-rolling…
Read More
The country is facing outages of 6-18 hours due to shortfall of about 7500 MW in electricity generation and demand as neither the required RLNG is available nor are there sufficient water releases from Tarbela. Minister for Planning, Development and Special Initiatives Asad Umar has convened a meeting of Cabinet Committee on Energy (CCoE) on Thursday (today) to review the…
Read More
Consumers of compressed natural gas (CNG) in Punjab will be forced to use expensive fuel due to supply disruption and the government will also have to import more petroleum products worth millions of dollars. It is estimated that with the closure of CNG stations, about one million users of the fuel will have to buy about 15 million litres of…
Read More
From 1 October 2024 Great Britain will no longer use coal to generate electricity, a year earlier than planned, Energy and Climate Change Minister Anne-Marie Trevelyan announced yesterday (Wednesday 30 June 2021). The move is part of ambitious government commitments to transition away from fossil fuels and decarbonise the power sector in order to eliminate contributions to climate change by…
Read More
Reducing fine particulate emissions was a driving factor in the shift from coal to gas at the Junliangcheng power plant in Tianjin, China. Among the other benefits is a reduction in carbon dioxide emissions, which is important as the world’s most populous nation strives to become carbon-neutral before 2060. Like many countries around the world, China is on a mission…
Read More
The Brent crude contract for August, due to expire on Wednesday, was up 28 cents, or 0.4% at $75.04 a barrel by 11:22 (1522 GMT.) The September contract was up 17 cents at $74.45 a barrel. U.S. West Texas Intermediate crude (WTI) was up 23 cents, or 0.3% at $73.21 a barrel. Both benchmarks are just below highs last reached…
Read More
China is in the middle of a huge power crunch as extreme weather, surging demand for energy and strict limits on coal usage deliver a triple blow to the nation’s electricity grid. It’s a problem that could last for months, straining the country’s economic recovery and weighing on global trade. Several Chinese provinces have said they are facing a power…
Read More
The National Electric Power Regulatory Authority (Nepra) on Tuesday said that government had not taken it into confidence while taking the decision to shut down the LNG terminal. The regulator is likely to reduce power tariff by 28.66 paisa per unit for the month of May under Fuel Charges Adjustment (FCA). Presiding over hearing on the petition of Central Power Purchasing Agency…
Read More
The Ministry of Energy has blamed an LNG terminal operator for installing an old Floating Storage and Regasification Unit (FSRU) on a new terminal, which has been damaged and has to be shut down for seven days. In a statement, the Ministry of Energy said that a used FSRU was installed by the previous government in March 2015. It was…
Read More
Bestway Cement and Reon Energy Limited today energized 14.3 MW captive Solar Power Project at Farooqia, Khyber Pakhtunkhwa. The Solar Photovoltaic Plant is part of around a 50 MW project deal dispersed across Bestway’s four locations i.e., Farooqia, Chakwal, Kallar Kahar and Hattar. The deal between Bestway and Reon is the largest distributed energy project in the region to date. The project is owned and financed by Bestway. The Solar PV project is expected to produce approximately 78,385 MWh (Megawatt hours) annually. The output energy will be used on-site resulting in substantial…
Read More
