Alliance for Climate Justice and Clean Energy (ACJCE) has questioned the Sindh Engro Coal Mining Company (SECMC) petition for determination of contract stage tariff, which could make Thar coal power expensive, thus killing its purpose of cheap energy for end consumers.
Read MoreMonth: May 2023
200,000 Rural Homes To Be Solar Powered by 2024, PA Told
A programme of the Sindh government to use solar power for energising some 200,000 off-grid homes in the rural areas with the assistance of the World Bank would be completed by 2024, the provincial assembly was informed on Monday.
Read MoreFauji Fertilizer’s Four-Week Power Outage Likely to Impact Urea Production
Fauji Fertilizer Bin Qasim Limited (FFBL) announced a power outage that is expected to last for over four weeks. In a letter to the PSX, Company Secretary Brig Khurram Shahzada shared that the FFBL’s power supply from FFBL Power Company Limited (FPCL) has been disrupted due to a technical issue.
Read MoreK-Electric Requests to Extend Term of its Distribution Licence for Another 20 Years
The distribution licence of K-Electric Limited (KEL) and its exclusivity is due to expire on July 20, as the company has sought 20 years extension in the terms of its licence. K-Electric Limited (KEL) has requested to extend the term of its distribution licence for another period of 20 years (up to July 20, 2043) in line with
Read MoreSSGC to Introduce New Venture, SSGC AE
Sui Southern Gas Company (PSX: SSGC) is all set to introduce its new venture, SSGC AE (Alternate Energy) which is expected to bring around Rs8 billion by tapping into other markets and offering renewable energy solutions, the management of the company revealed during the corporate briefing held on Monday.
Read MorePPL Funds Science laboratory at Akhuwat College in Kasur
Pakistan Petroleum Limited (PPL), a national E&P company and one of the largest corporate donors, recently funded a science laboratory at Akhuwat College in Kasur to facilitate hands-on science-based teaching and learning and for free-of-cost quality
Read MorePakistan & US agree to develop a roadmap for pursuing new businesses in green and renewable energy
Washington DC, May 8, 2023:Pakistan and United States today agreed to develop a roadmap for pursuing new businesses in green and renewable energy sector both in public and private sector. The US side would provide financial and technical expertise for undertaking feasibility studies for mutually agreed projects.A delegation of Pakistani businessmen would be visiting the United States along their counterparts…
Read MoreThe Global Fund’s Investment of Billions of Dollars in Environmentally Unfriendly Oil Companies
According to a recently published report, financial firms that publicly support efforts to limit global warming, including some of their environmentally friendly products, have poured billions into the world’s largest oil and gas companies.
Read MoreOil Prices Jump But Still On Track For Third Weekly Fall
Oil prices rose on Friday but were set for a third straight week of losses after sharp declines earlier in the week on fears about interest rate hikes, U.S. banking sector problems and slowing Chinese demand.Brent crude rose $2.88, or 4 percent, to $75.37 a barrel by 1:03 p.m. ET
Read MoreChinese Bank Opens LC for Russian Oil Import
Pakistan has opened a Letter of Credit (LC) in the Bank of China for import of first oil cargo from Russia, which is expected to arrive in the last week of May.
According to sources, the LC has been opened in the Chinese bank in an attempt to make payment for the cargo – the first-ever purchase of Russian oil by Pakistan – in Chinese yuan. Russia will send a ship carrying 100,000 tons of crude oil.
Read More