Lucky Cement, the largest cement producer in Pakistan, is launching a solar-plus-storage project with 5.589MWh of energy storage, which it claimed would be the largest in the country. The stock-listed company is partnering with local renewable energy firm Reon Energy to build the 34MW solar PV project with storage at its Pezu plant, located in the northern province of Khyber…
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While ringing bells on shortage of fuel stocks, National Power Control Centre (NPCC) has cautioned the government that operations of power plants will cease if immediate measures are not taken to make required fuel available. According to NPCC, as per merit order issued on April 1, 2022, power plants operation on alternate fuel, i.e., HSD, in case primary fuel is…
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Meezan Bank has recently signed an agreement with Sui Northern Gas Pipelines Limited (SNGPL), to enable digitalisation of consumer bill collection via the bank’s state-of-the-art Transaction Banking Solution (eBiz+). The agreement was signed by Irfan Siddiqui Founding President & CEO, Meezan Bank and Ali J Hamdani Managing Director & CEO, SNGPL in the presence of other key management members including…
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Allama Iqbal Open University (AIOU) has launched a tree plantation campaign at its regional offices and model study centres in all provinces of the country, Gilgit-Baltistan and Azad Jammu and Kashmir. According to Dr. Malik Tauqeer Ahmad Khan, Director Regional Services (DRS), regional directors have been directed to engage students, teachers and social activists in this plantation drive. Vice Chancellor,…
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Pakistan Atomic Energy Commission (Paec) engineers and technicians have completed the Re-Fueling Outage (RFO) of the nuclear power plant C-3 at Chashma in a record minimum time of 26 days. The RFO of the Pressurized Water Reactor (PWR) is a routine requirement for replacement of fuel and maintenance every 14 to 18 months, which is normally completed in 60 to…
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WTI slipped from $108 last week on news that the Biden Administration would release a million barrels of crude oil per day from the SPR for a period of six months, for a total of 108 million barrels. Critics of the plan argued at the time that the release—the biggest of its kind—would have little effect on the long-term trajectory…
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Instability in the energy sector as a result of skyrocketing prices was exacerbated by Russia’s invasion of Ukraine. Not only is the UK planning to revamp the way it generates electricity, but also it is looking to construct new nuclear power stations to secure independence from Russia and ease the pain on consumers. China is considering buying shunned Russian fuel…
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Germany will temporarily take control of a unit of Gazprom PJSC in the country as it seeks to safeguard security of gas supply. Gazprom Germania GmbH — owner of energy supplier Wingas GmbH and a gas storage firm — will come under the trusteeship of the German energy regulator until Sept. 30, Economy Minister Robert Habeck told reporters in Berlin.…
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An MOU between Oil & Gas Development Company Limited (OGDCL), Energy & Power Department, Irrigation Department and Public Health Engineering Department of Khyber Pakhtunkhwa has been inked to construct a Dam for Nashpa Greater Water Supply Scheme (NGWSS) in District Karak, KPK. Large population of Nashpa block had been facing acute shortage of drinking water, as there was neither ground…
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National Electric Power Regulatory Authority (Nepra) on Monday gave its assent to increase K-Electric (KE) tariff by Rs 1.29 per unit for February 2022 under monthly Fuel Charges Adjustment (FCA) mechanism. This was the crux of the public hearing conducted by Chairman Nepra, Tauseef H Farooqi, Member Sindh, Rafique Ahmad Shaikh and Member KP, Maqsood Anwar Khan. The KE team…
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