KARACHI: The first 450 MW unit of RLNG-based BQPS-III project is scheduled to come online by May 2021 which would help improve K-Electric’s generation fleet efficiency from 38% in FY 2020 to 48% in FY 2023. Chief Financial Officer KE, Aamir Ghaziani, in a corporate briefing held via webinar on Wednesday, reiterated KE’s commitment with taking Karachi to a power…
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Unsavoury truths about power tariffs’ – III
Again, this sector also needs to be developed around energy-efficient green building concept if we ever want to solve our energy crises. In an efficient environment, building sector consumes about 40% of total energy and in our poorly-designed building environment, we waste too much energy and there is no attempt to follow even the essential requirements of Pakistan Building Energy…
Read MoreAustralia Boosts LNG Spending To Compete With Qatar
Australia’s LNG operators are set to approve gas drilling and LNG infill projects worth more than US$10 billion this year in a bid to stay competitive in a very dynamic global marketplace Australian liquefied natural gas (LNG) developers look ready to shrug off a difficult 2020 by significantly boosting spending on major new projects this year. Following slashed capital expenditure…
Read MoreUnsavoury truths about power tariffs’ – II
Higher tariff simply because of inefficiency is ensuring corruption all the way and we are doomed! We have ensured total collapse of our affordable energy sector. We had natural gas, an economical and eco-friendly source of energy, which we wasted callously and now find no option but to import expensive LNG and yet we refuse to ensure efficient consumption. Whereas…
Read MoreGovt may extend contract of Member Nepra Punjab
ISLAMABAD: The federal government is likely to extend contract of Saifullah Chattha, Member Nepra Punjab for one year, well-informed sources told Business Recorder. Chattha, who is former Secretary Water and Power, has rich experience in the energy sector and government wants him to stay for another year. The sources said that the Punjab government has prepared a summary for the…
Read MoreCO2 Pollution Bounces Back, Climate Goals At Risk: IEA
Paris, March 2 (APP – UrduPoint / Pakistan Point News – 2nd Mar, 2021 ) :Global CO2 emissions have returned to pre-pandemic levels and then some, threatening to put climate treaty targets for capping global warming out of reach, the International Energy Agency said Tuesday. Energy-related emissions were two percent higher in December 2020 than in the same month a…
Read MoreBan slapped on sale of land for Balakot power project
MANSEHRA: The district administration has imposed Section 4 of the Land Acquisition Act, 1894, banning the sale, purchase and transfer of land to be acquired for the Balakot hydropower project. “We have already met all legal formalities to acquire over 1,700 kanals of land for the Rs85 billion Balakot power project in Kaghan valley and this process will be completed…
Read MoreSPL posts loss after tax of Rs4,821m for FY2020
KARACHI: The Board of Directors of Shell Pakistan Limited (SPL) announced financial results for the year ended December 31, 2020. The company posted a loss after tax of Rs 4,821 million for 2020 compared to the loss of Rs 1,485 million in 2019. The second half of 2020 saw significant recovery with a profit after tax in comparison to a…
Read MoreK-2 achieves criticality
ISLAMABAD: The Pakistan Atomic Energy Commission (PAEC) on Tuesday announced it had achieved criticality of its 1,100MW nuclear power station in Karachi, one of the two major nuclear plants in the city. The commission said the 1,100MW plant, called K-2, would go through certain safety tests and procedures before it is connected to the national grid by the end of…
Read MoreNEECA to provide knowledge on energy efficiency, conservation
The National Energy Efficiency and Conservation Authority (NEECA) can help improve existing boilers and provide sufficient knowledge regarding energy efficiency and conservation. This was stated by participants at a webinar hosted by NEECA on Industrial Boilers’ best practices for Efficient Operations. The webinar was intended to open the platform for Industrial associations, policymakers, new technology, and concerned stakeholders, for generating…
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