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Day: April 18, 2024

Khatm Al Shaklah Area in Al Ain Receives 254.8 mm of Rainfall in Less Than 24 Hours UAE Witnesses Highest Rainfall in 75 Years

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Highest-Rainfall

According to a statement released by the National Center of Meteorology, the United Arab Emirates experienced the highest rainfall in its recent history over the past 24 hours, in many areas, marking the largest since the beginning of climate data recording in 1949. The National Center of Meteorology confirmed that the record-breaking rainfall amounts that fell on the country during…

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Surge in Nuclear and Coal Power Costs Challenges Pakistan’s Energy Sector

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power-generation

Recent data from the Central Power Purchasing Agency (CPPA) reveals a substantial increase in the costs associated with nuclear and local coal power generation in Pakistan, presenting a significant challenge to the energy industry. Nuclear-based power generation has experienced a notable surge in expenses, with operational costs rising by over 17 percent in recent months. This increase has put financial…

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PM Establishes Committee to Review WACOG Mechanism for Gas Tariffs

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Gas-Project

In a significant move, the government is set to introduce the Weighted Average Cost of Gas (WACOG) mechanism to determine gas tariffs, blending local natural gas with imported RLNG. This initiative aims to reduce gas tariffs for various sectors in Punjab, high-end domestic consumers, and RLNG-based power plants, according to senior officials of the Energy Ministry. Prime Minister Shehbaz Sharif…

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Mari Petroleum Successfully Drills and Tests Appraisal Well in Mari Ghazij Formation

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mari-petrolium

Mari Petroleum Company Limited (MARI), a prominent energy and exploration company in Pakistan, has achieved another milestone by successfully drilling and testing an appraisal well in the Mari Ghazij formation located in Mari Development and Production Lease (D&PL), Sindh. In a notice to the Pakistan Stock Exchange (PSX) on Thursday, MARI announced the successful drilling and testing of the third…

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PM Encourages Chinese Firms to Embrace Local Coal and Prioritizes Workers’ Safety

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Chinese-Firms

Islamabad: During a meeting with a delegation from the Shanghai Electric Group, Prime Minister Shehbaz Sharif reiterated the government’s commitment to ensuring the safety of Chinese workers in Pakistan. Led by Chairman Wu Lei, the delegation discussed ongoing projects and potential investments in the country. PM Shehbaz assured the delegation of full support to facilitate Chinese investors, particularly in transitioning…

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USAID Launches $10 Million Climate Financing Initiative in Pakistan

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Climate-Talks

The United States Agency for International Development (USAID) has announced the launch of the Pakistan Climate Financing Activity, a four-year initiative with a budget of up to $10 million. The program aims to enhance sustainability and climate resilience in Pakistan through innovative projects tailored to the country’s needs. At the launch event, USAID Deputy Mission Director Maura O’Brien highlighted the…

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Climate Experts Dismiss Cloud Seeding as Cause of Powerful Gulf Storm

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Powerful-Gulf

A recent storm wreaked havoc in the United Arab Emirates and Oman, causing significant flooding and claiming several lives. Despite questions raised about cloud seeding possibly triggering the heavy rains, experts assert that global warming and natural weather patterns were the primary drivers behind the intense rainfall. The storm, which hit Oman initially before impacting the UAE, led to record…

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Power Sector Seeks Rs23 Billion Extra for March Electricity

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power-supply

Despite a significant 79% power generation from cost-effective local sources, power sector entities are requesting an additional Rs23 billion through fuel cost adjustment (FCA) for electricity consumed in March. The Central Power Purchasing Agency (CPPA) is seeking approval from the National Electric Power Regulatory Authority (Nepra) to impose an extra Rs2.94 per unit in fuel costs on consumers for the…

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WWEA Takes Leading Roles in IRENA Coalition for Action

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WWEA-IRENA

At the recent annual strategy meeting of the IRENA Coalition for Action, WWEA (World Wind Energy Association) assumed key positions to drive global renewable energy initiatives forward. WWEA Secretary General Stefan Gsänger has been elected as the chair of the new “Empowering People and Communities” working group, focusing on the socioeconomic and environmental benefits of an inclusive energy transformation. Alongside…

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