Energy in all forms is closely linked to economic prosperity of the county. Due to urbanization, climate change, and global warming energy demand is increasing. Pakistan is the state which is facing energy crisis and unfortunately failed to find a relevant solution. Presently, we are using many electronic gadgets which cause electricity consumption. On the other hand; government buildings, including…
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Following the notification released by the Ministry of Energy, Government of Pakistan (GoP) about the modification of the June Fuel Charges Adjustment (FCA), K-Electric will facilitate those Non Time-of-Use (Non-ToU) residential consumers, with revised electricity bills for the month of August who have electricity consumption of equal to or less than 200 units. The revised bills will be available from…
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Islamabad, In a major development, Deputy Managing Director (P&E), National Transmission and Despatch Company (NTDC) called on Chairman NEPRA, Mr. Tauseef H. Farooqi at NEPRA HQ, Islamabad this morning to submit the System Operator (SO) Licence application along with the draft Grid Code, on behalf of NTDC. Mr. Farooqi appreciated the untiring efforts of the NTDC team in preparation of…
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The Qatar Investment Authority (QIA) plans to invest $3 billion in Pakistan, Qatar’s Emiri Diwan said on Wednesday, lending support to the cash-strapped economy. Pakistan is in economic turmoil and faces a balance of payments crisis, with foreign reserves having dropped as low as $7.8bn, barely enough for more than a month of imports. The country is also contending with…
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Prime Minister Shehbaz Sharif on Tuesday announced that 17 million of the total power consumers will be exempted from paying the high fuel charges adjustment (FCA) in their electricity bills. In a video address from Qatar, where he is on a two-day trip, the prime minister explained the mechanics behind why FCA was levied and said it had seen a…
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According to the United States geology reports. There is at least $50 trillion worth of rare earth minerals in Pakistan. Pakistan neither has the technology, government nor organization skills to excavate these highly valuable minerals. These minerals are the 21st century version of oil nowadays because very few countries have them There is more countries with oil than rare earth…
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Russian crude oil and condensate production has been 1.9% lower this month compared to July, and if the trend holds, August will be the first month in four in which Russian production will have dropped from the previous month, according to Russian energy ministry data seen by Bloomberg. Russia has managed to restore its oil and condensate production to the…
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Iran has offered its assistance to Europe in the form of oil and gas deliveries for the winter, per a statement by Iranian Oil Minister Javad Oji. According to a report in Iran Front News, the minister noted that energy prices were out of control, pointing to Germany as an example and saying businesses there might have to shut down…
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The spot prices of liquefied natural gas have gone through the roof this year as Europe suddenly became a major buyer in its attempts to reduce reliance on Russian commodities. Since last year, LNG spot prices were up 267 percent, averaging $57 per million British thermal units in the week to August 19, per Reuters data. However, this price does…
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The power Distribution Companies (Discos) have sought an increase of Rs 3.7 per unit and to recover additional amount of Rs 94.4 billion from consumers for 4th quarter of CFY 2021-22 under Quarterly Tariff Adjustment (QTA) mechanism. K-Electric has sought an increase of Rs 14.53 per unit for third quarter under QTA mechanism against additional financial burden of over Rs…
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