Pakistan will attend the UN Climate Conference (COP27) at Sharm El Sheikh (November 6-18) in a highly visible manner. Prime Minister Shehbaz Sharif will co- chair, along with the Egyptian President and Norwegian Prime Minister, the deliberations of heads of state and government on key climate-related issues at the high-level segment of the conference. Equally important is Pakistan’s position as…
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The World Bank announced on Monday the beginning of two parallel legal processes to address Pakistan’s concerns over two hydropower projects on the western rivers by India in violation of the Indus Basin Treaty, breaking a six-year-old gridlock. The World Bank, which brokered the I960’s Indus Basin Treaty took a complex path after Islamabad and New Delhi could not build…
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A new bladeless wind energy unit, patented by Aeromine Technologies, is tackling the challenge of competing with rooftop solar as a local source of clean energy that can be integrated with the built environment. The scalable, “motionless” wind energy unit can produce 50% more energy than rooftop solar at the same cost, said the company. The technology leverages aerodynamics similar…
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Sectors like textile and cement that hold contracts to export abroad could benefit the most from making the switch to solar as more companies abroad demand the use of renewable energy, said the COO of Dubai-headquartered Yellow Door Energy, which operates in the Middle East and Pakistan. “If you look at the Walmarts of this world and brands like Armani,…
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Amid an energy shortage, Pakistan is reportedly seeking liquified natural gas (LNG) supplies from Russia, revealed Pakistan’s Ambassador to Moscow Shafqat Ali Khan on Monday. While speaking to the Russian news agency TASS, the diplomat said the two countries were currently in talks over the matter and pipeline gas supplies could be the solution to Pakistan’s rapidly-increasing energy shortage. That…
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Minister of State for Petroleum Musadik Malik on Monday held former planning minister Asad Umar responsible for last year’s gas crisis in the country, saying the latter had recommended not importing the commodity, and emphasised that there would be no gas shortage this winter. Malik made the remarks while addressing the Senate Standing Committee on Petroleum, which met under the…
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As the gas crisis worsens due to non-availability of required LNG in the winter season, CNG stations in Punjab and K-P will dry up from November 2022 to March 2023. While the government is required to import 12 LNG cargoes every month, Pakistan LNG Limited (PLL) has not been able to import LNG and therefore, the country will have 10…
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A syndicate led by the Bank of Punjab (BOP) has raised over Rs10 billion for Thar Energy Ltd (TEL) for working capital financing, a press release said on Monday. In this regard, a financing-document signing ceremony was held at the bank’s corporate office to mark the closure of the first tranche of the facility. The ceremony was attended by the…
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The Oil and Gas Regulatory Authority (Ogra) on Monday notified a 13 per cent reduction in the price of re-gasified liquefied natural gas (RLNG) for October as the international spot market remained out of reach of Pakistan and average cost of cargos under a long-term contract slightly came down with oil price cut. The basket RLNG price was also lower…
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