Pakistan and Denmark are likely to sign agreement under Danish Energy Transmission Initiative (DETI) during the visit of Danish Minister for Development Cooperation and Global Climate Policy, Dan Jorgensen, well informed sources told Business Recorder. The pact will be signed by the Danish Ambassador to Pakistan Jakob Linulf and Secretary Power Division, Rashid Mahmood Langrial on February 7, 2023 (tomorrow). According…
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China has officially delivered two Hualong-1 nuclear power units, which were developed with China’s homegrown third-generation nuclear power technology, to Pakistan, according to the China National Nuclear Corporation (CNNC). With the inauguration of Unit 3 of the Karachi Nuclear Power Plant (K-3) on Thursday, the two million-kilowatt Hualong-1 units K-2 and K-3 have now both officially been delivered to Pakistan…
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The government is likely to review tariff of indigenous gas-based Captive Power Plants (CPPs) and allow new CPPs with cogeneration technology to get RLNG connections at notified tariff, sources close to Minister of State for Petroleum and Natural Resources told Business Recorder. Sharing the details, sources said that based on the discussions in the meeting held on March 27, 2008 on…
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The Compressed Natural Gas (CNG) filling stations continued selling gas despite the closure order of the Sui Southern Gas Company (SSGC) to meet the demand of domestic consumers, ARY News reported on Sunday. Several areas of Karachi are still facing hours-long gas shedding due to the failure of the SSGC to meet the demand of domestic consumers. On the other…
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Thar coal has come a long way. Two blocks are functional with installed power generation capacity of 2,000 megawatts. Power sector has helped open up Thar coal, which was lying dormant after its discovery in the 1980s. Several attempts were made to make a breakthrough but failed. Solving federal vs provincial control issue took a period of five years. On…
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The Pakistan-China Institute (PCI) hosted a two-day delegation visit to CPEC projects such as the Port Qasim Power Project and the Thar Coal Mines at Sindh Electric Coal Mining Company, according to Gwadar Pro. The delegation, led by Senator Mushahid Hussain Syed, included renowned parliamentarians from various political parties. Guo Guangling, CEO of Port Qasim Electric Power Company, hosted and…
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The appointing process of chief executive officer, Khyber Pakhtunkhwa Transmission and Grid Company (KPT&GC), has been finalized as it is the first power distribution company being established in the history of the province. The provincial government has allocated Rs96 million for the establishment of the new company including appointment of emergency staff for the company and the selection of the…
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Under the UN Framework Convention on Climate Change, the government has agreed that, by 2030, of the total number of new car sales in Pakistan, 30% will be Electric Vehicles (EV) running on renewable energy whereas this number will rise to 90% by 2040. The same is planned for the uptake of EVs in two and three wheelers, and heavy…
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Energy companies and governments are picking up the pace of the development of tidal energy operations in 2023, as countries worldwide look to diversify the renewables mix in a response to growing energy insecurity. Tidal power, a long-neglected green energy option, has finally gained greater traction in recent years, as governments look for innovative ways to meet their climate targets…
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Last year, against all odds, Russia managed to grow its oil output despite being hit with tough sanctions, a plethora of oilfield service companies exiting the country as well as the refusal by western countries to buy its crude for the most part. Indeed, Energy Intelligence reports that in 2022, Russia’s crude and condensate production increased 2%, with oil production…
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