The K-Electric (KE) has sought Rs 3.4 billion from the federal government as the first installment from the prime minister’s relief package under which a subsidy of Rs 5 per unit has been approved for domestic consumers using up to 700 units a month and commercial non-ToU consumers having a sanctioned load of less than 5 KV. The International Monetary…
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Indonesian ambassador Adam Mulawarman Tugio on Saturday extended support to Pakistan to obtain full dialogue partner status with the Association of Southeast Asian Nations (ASEAN), which could provide huge economic opportunities for Pakistan. Pakistan will be able to be accepted as a full dialogue partner status and it will increase political, commercial, and economic links with ASEAN member states, ”…
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Karachi: Agreements have been signed with leading power sector companies to safely use garbage collected in Karachi for production of clean electricity. The Sindh government’s Energy Department, Local Government Department, and Sindh Solid Waste Management Board (SSWMB) have joined hands to launch the project under the public-private partnership. The proposed waste-to-energy project will consume 6,000 tonnes to 8,000 tonnes of…
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Iraq’s oil ministry says it exported $11.07bn of oil in March, the highest level in 50 years, as crude oil prices soared in the wake of Russia’s invasion of Ukraine. The record oil export, which accounts for more than 90 percent of Iraq’s income, is a big boost to the state coffers. The second-largest producer in the Organization of the…
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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…
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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…
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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.…
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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…
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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…
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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…
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