At least five people are believed to be injured after an explosion occurred at Engro Powergen Thar Limited’s (EPTL) coal power plant in Thar on Wednesday. In a statement, Engro said that the explosion occurred at 5pm in the coal conveyor unit of the plant’s 330MW unit 1. The company said that five people were “affected directly” without elaborating further,…
Read MoreDay: March 2, 2022
Automatic Generation Control for Wind Power
Scientists from Pakistan and Saudi Arabia have proposed real-time dispatch strategies for automatic generation control for the optimization of wind power and energy storage in electric vehicles. In the study, the performance of the strategies has been assessed and discussed in detail. The research has been published online in the journal Renewable energy has evolved at a breakneck rate over…
Read MoreCan LNG Replace Russian Gas in Europe?
European LNG imports reached a record high in January 2022 and could go a little higher if Russian pipeline gas supply falls, or even stops completely. But the best-connected European LNG terminals are already running at high rates, and limits to cross-border pipeline gas capacity would restrict the wider benefit of higher imports into some countries, such as Spain. For LNG…
Read MoreUS and 30 allied countries to release 60m barrels of oil amid price surge
The United States and 30 countries have agreed to release 60m barrels of oil from their strategic reserves to stabilise global energy markets, the US Department of Energy said on Tuesday, as oil prices surged to a seven-year high. The move, ahead of Joe Biden’s State of the Union address to Congress, failed to calm fears about supply disruption from…
Read MoreOGRA Notifies Big Increase in Gas Prices for Domestic Consumers
The Oil and Gas Regulatory Authority (OGRA) has increased the average prescribed gas prices by up to 16.37 percent for Sui Northern Gas Pipelines Limited (SNGPL) and Sui Sui Southern Gas Company Limited (SSGC) consumers. In two separate decisions on the petitions regarding the review of its estimated revenue requirement for the fiscal year 2021-22, filed by the state-owned gas…
Read MoreHolding Statement
Today at around 5pm an explosion happened at the EPTLpower plant in the coal conveyor system of the 330MW Unit 1of the plant. Immediately the safety and emergency responseteams were activated. At this point in time our foremost priorityremains the safety of our people and we remain focused onproviding them with all necessary support. Due to the incident,05 people were…
Read MorePakistan Recorded Fastest-Ever Export Growth in February
The Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood said in a tweet that according to provisional data released by the Pakistan Bureau of Statistics (PBS), exports soared by 36 percent to $2.808 billion in February 2022 as compared to $2.068 billion in the corresponding period last year. He added that Pakistan’s exports increased at the…
Read MorePak-India crucial water talks: Six-point agenda on table for three-day meetings
Pakistan and India began three days of crucial talks Tuesday at the Permanent Commission of Indus Waters (PCIW) level on a six-point agenda that includes hydropower projects on the Chenab River such as Pakal Dal (1,000MW), Kiru (624MW), and Lower Kalnai (48MW), as well as other projects on the Indus in Ladakh. The agenda for the three-day talks also includes…
Read MoreK-Electric allowed raising power tariff by Rs2.90 per unit
National Electric Power Regulatory Authority (Nepra) Tuesday allowed K-Electric to increase power tariff by Rs2.90 per unit on account of fuel cost adjustment for the month of January, local media reported. The Nepra chairman said that the issue of low gas pressure did not seem to be resolved soon, adding that the power consumers would have to pay extra Rs300…
Read MoreKazakhstani Envoy for exchanging trade delegations to improve trade ties
Ambassador of Kazakhstan Yerzhan Kistafin has said that trade and business ties between the business communities of Kazakhstan and Pakistan have been improving as the trade volume, which stood at US$45 million in 2020, rose to US$95 million in 2021 and there was a lot of room for further improvement through exchange of trade delegations and enhancing cooperation.Exchanging views during…
Read More