April 2022
Read MoreApril 2022
Day: April 24, 2022
Explosion at Nigerian illegal oil refinery kills over 100
More than 100 people were killed overnight in an explosion at an illegal oil refining depot on the border of Nigeria’s Rivers and Imo states, a local government official and an environmental group said on Saturday. “The fire outbreak occurred at an illegal bunkering site and it affected over 100 people who were burnt beyond recognition,” the state commissioner for…
Read MoreBangladesh Opts to Sell Surplus Power to Neighbours
As part of the power sector master plans, Bangladesh started cross-border energy trade with neighbouring India in 2013 with only 500 megawatts of electricity import. Over the years, electricity import from India has climbed up to 1,160MW which is around 10% of Bangladesh’s total power consumption. Every year, Bangladesh pays around Tk5,000 crore to India for importing electricity through cross-border…
Read MoreWhy aren’t US Oil Producers Drilling More as Prices Rise?
In a free market, the saying goes, high prices cure high prices. If some good or service costs a lot, people will see an opportunity to make money producing more of it, thus driving down the price. Reality is messier. Oil prices have now risen to $104 a barrel. But investments in producing more, as measured by the number of…
Read MoreNEPRA Clarification
A spokesperson for Nepra has brushed aside accusations against Chairman Nepra, Tauseef H Farooqi with regard to his appointment and other issues. According to spokesperson, in the recent past news were published in media wherein about numerous litigations against the Chairman NEPRA before different forums, clarifying that all those cases were frivolous and filed by habitual litigants for ulterior motives…
Read MoreMuddled affairs in NAB cases
The logical conclusion of cases and references especially those where high profile personalities are involved remains a far cry. The reference in question that was filed against former prime minister Syed Yusaf Raza Gilani, incumbent National Assembly Speaker Raja Pervaiz Ashraf and others related to the ‘illegal’ appointment of Tauqeer Sadiq as chairman of the Oil and Gas Regulatory Authority…
Read MorePunjab seeks Power Division’s help for signing of EPAs
Ministry of Energy, Punjab has sought Power Division’s help for signing of Energy Purchase Agreements (EPAs) with four small hydropower projects established at different locations. Secretary Energy, Punjab, Amir Jan has written a letter to Secretary Power Division, saying the letter is in continuation of previous correspondence made on finalization and signing of EPA for hydropower projects being developed on…
Read MoreSolving the Energy Crisis is a “Now or Never” for Pakistan: The Future is Thar!
Meanwhile, many European countries have now considered shifting back to coal utilization as it is still considered one of the cheapest sources of energy production as the region also faces a ban on fuel and gas from the current Russian-Ukraine crisis. Similarly, Italy has also decided to reopen its coal-fired power plants to curb the energy gap due to the…
Read MorePM Expressed Anger Over Heavy Load Shedding in Country
Prime Minister Mian Shahbaz Sharif has expressed anger over the increase in load shedding in the country and ordered a significant reduction in load shedding by May. The sacrifices of the people of tribal districts will always be remembered in history: PMPML-N Central President and Prime Minister Shahbaz Sharif has issued strict instructions to take steps on emergency basis to…
Read MoreExperts Stress Shifting to Coal for Energy Needs
Power sector experts have emphasised upon Pakistan to push harder for utilisation of lignite – an economical alternative to imported furnace oil and RLNG (re-gasified liquefied natural gas) – as it is crucial for the country’s ambition to achieve higher economic growth through industrialisation. Besides industrialisation, provision of electricity to domestic consumers by using local coal reserves could serve the…
Read More