On the top of a mountain overlooking the coal mines, the August weather brings a pleasant breeze during a lull in frequent rains. This area is around 16km from the city of Quetta and the mountainous terrain is dotted with coal mines, which provide sustenance to hundreds of miners working deep inside them. As I arrive in the area, I…
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Saudi Arabia Announces $400 Million In Aid To Ukraine
Saudi state media announced Saturday that the kingdom will provide $400 million in humanitarian aid to Ukraine, following a Friday phone call between Crown Prince Mohammed bin Salman and President Volodymyr Zelensky. SPA stated of the call, “The crown prince expressed the kingdom’s readiness to continue efforts of mediation and support everything that contributes to de-escalation,” in reference to the…
Read MorePakistan’s power generation cost up nearly 46% YoY in Sep as production declines
The total cost of generating electricity in the country jumped nearly 46%, hitting Rs9.91 KWh in September 2022 compared to Rs6.80 KWh registered in the same month last year. However, on a month-on-month (MoM) basis, electricity generation cost declined marginally by 1.5%. “On a MoM basis, the decrease in fuel cost is witnessed mainly due to a rise in wind…
Read MoreGovt to complete all CPEC projects without delay: Ahsan Iqbal
Minister for Planning Development and Special Initiatives Ahsan Iqbal Monday said that the incumbent government was committed to complete all the projects being executed under China Pakistan Economic Corridor (CPEC) without any delay. The minister gave the assurance to the Chinese Ambassador to Pakistan Nong Rong who called on him here today. During the meeting, matters related to mutual cooperation…
Read MoreManagement of Sindh Transmission & Dispatch Company welcomed the delegation from Embassy of Denmark in Pakistan
Management of Sindh Transmission & Dispatch Company welcomed the delegation from Embassy of Denmark in Pakistan accompanying Ambassador H.E. Mr. Jakob Linulf, Mr. Saleem Anwar (Head of Communications & Projects) and Executives of Danish Energy Agency, Centre for Global Cooperation Agency Mr. Ulrik Eversbusch (Director), Mr. Nadeem Niwaz (Special Advisor), & Ms. Marie Bredkjaer Thomsen (Advisor).The dialogues were carried between…
Read MoreEnergy shares a rare 2022 winner
Gut-wrenching market volatility and attractive valuations are prompting some investors to keep their bullish views on energy stocks, one of the few bets that have thrived in an otherwise punishing year. It’s not an easy call. The S&P 500’s energy sector is already up around 46% this year and monetary policy tightening around the world has bolstered the chances of…
Read MoreWAPDA to add over 11,000 MW environment-friendly electricity to national grid
Water and Power Development Authority (WAPDA) is actively pursuing six hydropower projects to add over 11,241 MW of environment-friendly hydel electricity to the existing 9,443 MW hydel generation in the coming years. Wapda officials told APP here that presently, the total installed capacity of 24 Wapda Hydel power stations stood at 9,443 MW and the addition of over 11,241 MW…
Read MoreLONGi receives EPD certification from UL Solutions and EPD Italy
UL Solutions has recognised LONGi’s high-efficiency modules with Environmental Product Declaration (EPD) certification. LONGi has also registered EPDItaly certification as a result of mutual recognition. An EPD is an internationally harmonized third-party verification report based on ISO 14025: Environmental Labelling and Declarations – Type III Environmental Declaration – Principles and Procedures. It rigorously tracks the environmental impact of a product…
Read MoreJamie Dimon Says Oil And Gas Is The Only Way To Protect America
Three days after Jamie Dimon sparked a marketwide selloff which sent stocks to fresh 2022 lows after he predicted a US recession in “6 to 9” months, citing drivers including rising interest rates, persistent inflation and Russia’s invasion of Ukraine, and warned stocks could drop another 20%, the JPMorgan CEO who is expected to report earnings tomorrow (and hopefully clarify why his…
Read MoreU.S. Shale Could Peak In 2024: Energy Aspects
U.S. crude oil output from shale basins could peak in 2024, a new note from Energy Aspect’s Amrita Sen cautioned. The note referenced five crude oil producers in the United States that are considering cutting rigs at the start of the year due to inflation. The news comes as the United States shows signs of desperation for alleviating high gasoline…
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