Brent Crude prices could jump to well above $150 per barrel if Russia’s oil exports fall off a cliff in the coming months, according to Bank of America. “With our $120/bbl Brent target now in sight, we believe that a sharp contraction in Russian oil exports could …. push Brent well past $150/bbl,” analysts at Bank of America (BofA) Global…
Read More
The energy ministers of the world’s leading industrial nations on Friday urged OPEC to increase oil supply amid high oil prices that are hitting consumers and threatening an economic slowdown. “We call on oil and gas producing countries to act in a responsible manner and to respond to tightening international markets, noting that Opec has a key role to play,”…
Read More
Over the decades, the rising demand of natural gas rapidly depleted its reserves and the country is now facing serious challenge of meeting gas and electricity demand of consumers. Rising population, improper usage of gas and electricity resource and injudicious subsidies equally benefiting both the poor and the rich, had been exerting extra burden on our resource as well as…
Read More
The electricity crisis in the country has worsened as the power shortfall reached 6,500 megawatts (MW), ARY News reported on Saturday. According to sources, the power supply in the country remained at 19,500 MW against a demand of 26,000 MW. The duration of loadshedding has also increased across the country. The duration of loadshedding has reached up to 12 hours…
Read More
Pakistan needs to strengthen its policy framework to promote electric vehicles, which are not only environment-friendly but also it will reduce the country’s dependency on fossil fuels. In the webinar on ‘Market preparedness and Policy Support for Electric Vehicles (EVs) in Pakistan’ during keynote address, Prof. Dr Naveed Arshad, Lahore University of Management Sciences said Electric Vehicle Policy lack ownership…
Read More
An increase in electricity tariff would follow fuel price adjustment through withdrawal of subsidies while protecting the poor under principles agreed to with the International Monetary Fund (IMF), Minister of State for Petroleum Musadiq Malik said on Friday. Speaking at a news conference, he said Minister for Finance Miftah Ismail had very skillfully finalised conditions with the International Monetary Fund…
Read More
The National Electric Power Regulatory Authority (Nepra) on Friday notified Rs4.83 per unit additional fuel cost adjustment (FCA) to K-Electric to be charged to consumers for electricity they consumed in March. This will help the Karachi-based private utility to mop up an additional amount of Rs7.86 billion from consumers in upcoming billing month of June. The FCAs shall be applicable…
Read More
Sindh Energy Minister Imtiaz Ahmed Sheikh said the government was working expeditiously on low cost power generation from Thar Coal and renewable energy projects of solar and wind power generation. He said this while chairing a meeting of Sindh Engro Coal Mining Company (SECMC) held on Friday. He said Thar Coal Reserves have potential to be a game changer in…
Read More
LONGi is the world’s leading solar technology company. It officially entered the Pakistan market In 2019. In three years LONGi went from 1 MW to 500 MW relied on its high-quality, reliable solar modules, and Firmly towards the goal of 1GW with all partners.As the most valuable solar PV solution company in the world, LONGi has never forgotten its social…
Read More
As World’s Leading Supplier of Solar PV Solutions, LONGi believes that corporate social responsibility activities are not a whim or a show, but a practice of an enterprise fulfilling its own responsibilities. Since 2019, LONGi has entered the Pakistani market officially and achieved a breakthrough from 1 MW to 500 MW. Without considering other factors，500 MW solar modules are expected…
Read More
