US President Joe Biden has announced the release of one million barrels of crude oil every day for the next six months from the Strategic Petroleum Reserve (SPR), the largest such release from the United States stockpile in history. The move comes as oil prices have spiked since Moscow’s invasion of Ukraine on February 24 and subsequent sanctions slapped on…
Read More
Japan does not see immediate impact on its LNG imports from Russia following its March 31 order prohibiting gas supply to countries that have imposed sanctions against Moscow if they refuse to pay for imports in rubles, Minister of Economy, Trade and Industry Koichi Hagiuda said April 1. The METI minister’s comments come as Japan currently does not see the…
Read More
Tauseef H. Farooqi, Chairman, National Electric Power Regulatory Authority (NEPRA), agreed to establish collaboration with Ghulam Ishaq Khan Institute of Engineering Sciences and Technology to benefit from its faculty research and professional know-how. He held a meeting with Prof Dr Fazal Ahmad Khalid, SI, Rector, GIK Institute. Prof Dr Wasim A Khan, Pro-Rector Academics, deans, directors also attended the meeting.…
Read More
Engro Energy Limited will host Pakistan Energy Symposium at a local hotel in Karachi on 1st April 2022. Theme of this symposium is Ushering the Future of Energy. Engro Energy Limited (EEL), in its efforts to address the opportunities and challenges for market reforms in Pakistan, is organizing this symposium with an aim to bring relevant stakeholders on a platform…
Read More
Pakistan’s energy sector has been facing potential losses and distortions in the distribution sector for years now, costing the national exchequer billions annually. In 2019 alone, DISCOs posted a loss of Rs171 billion due to less recovery of pending bills and another Rs38 billion due to technical losses. On average, nearly 20 percent of the electricity transmitted to the distribution…
Read More
Amid massive electricity load-shedding up to 10 hours across the country, the government on Thursday stopped gas supply to CNG stations and reduced it by 50 per cent to the captive power plants (CPPs) of the export industry to increase the gas supply to power plants. Yes, we have taken this action to increase the gas supply to the power…
Read More
The residents of the twin cities of Rawalpindi and Islamabad are upset due to unscheduled loadshedding of over 12 hours here on Thursday. The affected locals of Adiala Road, Tulsa, Sher Zaman Colony, New Lalazar, Defence Road, Askari-7, Bakramandi, Dhamyal, Kalyal, Askari-14, Dehri, Tahli Moori, Chungi No22, Tench Bhatta, Dhoke Juma, Al-Mumtaz Colony, Jhanda, Scheme-III, Garibabad, Dhok Munshi, Rehmatabad, Soan,…
Read More
Major rural and urban centres have suffered prolonged electricity cuts and face further power outages as the state-run power distribution companies (DISCOs) have started unscheduled power load-shedding from 3 to 10 hours a day due to fuel shortages and an increase in electricity demand in summer. The power shortage has intensified over the last week, with the country’s power shortfall…
Read More
The project was announced in partnership with Reon Energy Pakistan’s leading Solar and Storage Solutions Specialist•The project is set to be installed at Lucky Cement’s Pezu plant in Khyber Pakhtunkhwa.•The project will cut around 29,569 Tonnes of CO2 equivalent emissions annually. Pakistan – Karachi, March 31, 2022: Lucky Cement Limited and Reon Energy today announced a 34 MW captive solar…
Read More
On March 28th, Sungrow, the global leading inverter solution supplier for renewables, signed a 100MW contract with its reliable partner Energy for You during the SOLAR Pakistan Expo 2022. This contract consolidates Sungrow’s leading position in Pakistan’s renewable energy industry. Sungrow also launched two significant products: the ultra-powerful SG350HX and the brand-new generation three-phase C&I inverter SG125CX onsite, which can…
Read More
