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Month: December 2022

Digital Municipal Energy Management System’ Project Launched In UET

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The project on “Digital Municipal Energy Management System” has been launched in collaboration with the Center for Intelligent System Network Research (CISNR) University of Engineering Technology (UET) Peshawar, GIZ Pakistan, ADLG Association of Development of Local Government, political partner and eight public energy distribution companies. The project is funded by GIZ Pakistan at the cost of Euro 4 million, said a press release issued here on Wednesday. The project has three main…

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German Envoy Suggests Production of ‘Green Hydrogen’

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Ambassador of Federal Republic of Germany Alfred Grannas, while referring to the energy crises being faced by Pakistan, has stated that Pakistan can become the “next Saudi Arabia” not in terms of oil but in terms of ‘green energy’ as the country has huge potential for producing substantial quantities of ‘green hydrogen’ which can even be exported to Germany. “We…

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OGRA To Hold Gas-safety Awareness Walk In Murree On Dec 17

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Oil and Gas Regulatory Authority (OGRA) would hold a walk in Murree on Saturday (December 17) to create awareness among public about safe usage of natural gas and Liquefied Petroleum Gas (LPG) cylinders especially during the peak winter season to avoid untoward incidents. The awareness-walk would be organized at GPO Mall Road, Murree at 11:30 a.m. People from all walks of life including representatives of OGRA license-holders and other departments concerned have been invited…

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HSBC bank says to stop funding new oil and gas fields

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Banking giant HSBC on Wednesday said it would end financing for new oil and gas fields, a decision welcomed by environmentalists who nevertheless urged greater action from banks and government. In an annual update of its climate transition plans, the London-headquartered bank said it “will no longer provide new lending or capital markets finance for the specific purpose of projects…

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OGDCL Produces 33,443 BPD Oil , 779 MMCFD Gas In 1st Quarter

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Oil and Gas Development Company Limited (OGDCL), during the first quarter of the current fiscal year, has produced around 33,443 BOPD, 779 million MMCFD gas and 722 TDP LPG. The production witnessed a little decline as compared to 37,347 Barrel per Day (BPD) oil, 845 Metric Million Cubic Feet per Day (MMCFD) gas, and 805 Tons per Day (TPD) Liquefied Petroleum Gas (LPG) during the same period of the year 2021-22 due to torrential rains.…

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Shezhen Growatt New Energy, partners Trisun Energies, for 100 MW of solar inverters in Pakistan within
2023

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Residential No: 1 Solar Inverter Growatt and Leading renewable company Trisun has signed a memorandum of understanding to help Pakistan supplying its PV inverters by 100 Megawatts in the year 2023. Trisun Energies signed the MoU with Growatt, the world’s leading renewable energy Inverter Company, for distribution of PV Inverters in Pakistan of accumulative 100 MWs generation capacity at various…

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Oil’s topsy turvy ride

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After spiking for some time, crude oil prices tumbled in early December on concerns of continued weakening of the global demand. Global oil prices receded by more than 20 percent on the onset of business cycle slowdown around the world. This came after an explosive upcycles in commodity prices after the first wave of COVID. After peaking in mid-2022, demand…

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Nuclear Fusion Breakthrough: Can The Quest For Clean Energy Finally Help Tackle The Climate Crisis?

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Scientists at the Lawrence Livermore National Laboratory in California have managed to get more energy out of a nuclear fusion reaction than they put in to trigger it, the U.S. Department of Energy announced Tuesday, a major breakthrough experts told Forbes is a huge step towards developing a near-limitless source of clean energy that is probably still decades away and will arrive too late…

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CPEC fruit: 1,320MW project initiated

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As Pakistan’s energy import bill touched an exorbitant $27 billion, Prime Minister (PM) Shehbaz Sharif underlined the need to explore indigenous resources including hydel, solar, air and coal to produce cheap electricity. Federal Minister for Power Khurram Dastgir Khan stated that a 1,320MW project has been initiated by the Shanghai Electric Group in Thar to use indigenous coal for electricity…

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