The federal cabinet Wednesday decided to expedite the process of consultation with all stakeholders, including the provincial governments to ensure the implementation of the energy saving plan. The federal cabinet meeting which was chaired by Prime Minister Shehbaz Sharif discussed the proposed energy saving plan presented by the Power Division. The meeting was briefed on the consultations conducted so far…
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Russian Energy Minister Alexander Novak said active work is underway for the establishment of the gas hub in Türkiye. ‘Currently, active work is underway with the countries that will participate in the implementation of this project, as well as with consumers in need of Russian gas,’ Novak said in an interview with the Russian state-run TASS agency on Monday. The…
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When a senior government minister of either Iran or Russia says that the two countries are now experiencing a ‘golden age’ in developing relations between them then it’s a pretty safe bet that one or more countries somewhere are going to be in serious trouble pretty soon. Iranian Petroleum Minister, Javad Owji’s, comment was echoed by senior Russian officials, which…
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Winter Storm Elliott, which swept through most of the United States during the Christmas holidays, exposed the vulnerability of the energy system as natural gas and power supplies were strained, wells froze off, and utilities vastly underestimated the power demand during the huge storm. Despite the fact that it wasn’t as prolonged as the Winter Storm Uri of February 2021,…
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Pakistan Institute of Development Economics’ Power Commission has asked the government to conduct a forensic audit of Independent Power Producers (IPPs) in the wake of alleged inflated and fraudulent charges secured from the national exchequer. The PIDE’s Power Commission on Tuesday launched a book titled “Power Sector: An Enigma with No Easy Solution” It stated forensic audit of both public…
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Asia’s 10 ppm sulphur gasoil margins surged by more than 13% on Tuesday, helped by weather-related supply concerns in the US market, stronger oil futures and firmer demand expectations after China eased COVID curbs. Gains were curbed by uncertainty in China’s export volumes, pending the release of export quotas for 2023. Refining margins for 10 ppm sulphur gasoil rose to…
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Pakistan Institute of Development Economics (PIDE) Power Commission has said that Pakistan had suffered a lot because of the energy crisis for many years and the country has incurred massive losses of more than Rs5 trillion. Pakistan Institute of Development Economics (PIDE) on Tuesday launched a book ‘Power Sector: An Enigma with No Easy Solution’ which has called for forensic…
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The import of gas from Russia is still a distant dream for Pakistan despite the two countries’ willingness to play ball. Analysts say the renewed discussion around gas imports from Russia won’t amount to much — at least in the short term — for two reasons. One, lack of infrastructure to handle gas imports; and two, inadequate capacity in the…
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The National Electric Power Regulatory Authority (Nepra) on Tuesday slashed the power tariff by Rs3.60 per unit for the agriculture consumers under the Prime Minister Kissan Package 2022. A notification issued by the power regulator maintained that the basic tariff for agri consumers had been reduced to Rs13 per unit from Rs16.60 per unit at the request of the Ministry…
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Climate-induced calamities are one of the biggest driving forces behind the move towards alternative sources of energy. For a developing country like Pakistan, costs associated with climate change can be unbearable. The recent floods that swept through the country inflicted more destruction than was ever imagined. They also contributed significantly to the economic downfall with the estimated cost of damages…
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