LAHORE: Pakistan Water and Power Development Authority (Wapda) has awarded civil works contract worth Rs936.29 million through international competitive bidding to Technicon Enterprises for the second rehabilitation of Warsak Hydroelectric Power Station. The authority aims to regain the power station’s generation capacity, which has decreased to 193 megawatts from 243MW due to ageing factor as its electro-mechanical equipment has become old.…
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The Economic Coordination Committee (ECC) is set to approve amendments to the Power Purchase Agreement (PPA) in a bid to free three liquefied natural gas (LNG)-based power plants from 66% guaranteed offtake. The move will add Rs100 billion annually to the circular debt of the energy sector. Earlier, the Cabinet Committee on Energy (CCOE) had dismissed concerns of the Petroleum…
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The water contains more radioactive material than the plant’s managers previously stated. Japan’s government announced on Tuesday (April 13) that it will dump more than a million tons of contaminated wastewater from the Fukushima nuclear power plant into the Pacific Ocean, beginning in two years. Roughly 1.25 million tons (1.13 million metric tons) of water have accumulated around the Fukushima Daiichi nuclear…
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As a part of its ‘Beyond Zero’ program, Toyota will soon introduce a brand new Electric Vehicle (EV) to the world. Although the details of the vehicle have not yet been made public, the Japanese automaker has released a teaser of the new EV. Toyota will reveal its new EV on 19 April 2021. From the seemingly tall ride height,…
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President Joe Biden, having concluded there is no military solution to the security and political problems plaguing Afghanistan and determined to focus on more pressing national security challenges, will formally announce Wednesday that US troops will withdraw from the country before the 20th anniversary of the September 11 terror attacks, a senior administration official said. The withdrawal extends the US…
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The EIA might be forecasting that the Permian Basin’s oil production will be rebounding soon, but overall, today’s U.S. oil production is still 2 million barrels per day below the levels seen in January 2020. The EIA’s Monthly Drilling Productivity Report is forecasting that for the nation’s most prolific basin, the Permian, production will return to 4.466 million barrels per…
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Japan will release some 1 million tons of contaminated water from the Fukushima nuclear power plant into the ocean, the country’s government said amid strong opposition from Japan’s neighbors. The move, according to them, was “extremely irresponsible”, Reuters reports, adding that Japan’s Prime Minister responded with “Releasing the … treated water is an unavoidable task to decommission the Fukushima Daiichi Nuclear…
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Conservative candidate Guillermo Lasso, 65, won the presidential election in South American oil producer Ecuador, and said he would propose new oil deals to private oil companies. Lasso won the run-off against Andres Arauz, 36, who was running on a socialist platform for more social spending. Arauz, a socialist economist and protégé of former left-wing president Rafael Correa, conceded defeat…
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Glance up and around and you’ll know the horizon is changing. From Canada to South Africa, Brazil to China, windmills and solar panels are telling a story of change. In the United States, the landscape is collecting a kind of 21st-century raiment. Wind farms, solar farms, and just stray windmills and solar panels on roofs are signaling something big and…
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Venture capital fund manager Energy Transition Ventures said on Tuesday it had launched the first venture fund in Texas that will exclusively invest in energy transition technologies. The fund is founded in the world’s energy capital Houston by cleantech start-up executives and venture capitalists Craig Lawrence and Neal Dikeman, with anchor investment from two operating companies from the GS Group…
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