Chairman WAPDA Lt Gen (r) Sajjad Ghani Thursday visited Hub Dam, constructed across River Hub, 56km north east of karachi. He had detailed round of various components of the dam during the visit. GM Projects (South) and Project Director Hub Dam briefed the chairman about safe and effective operation of the dam during the torrential monsoon rains in July and…
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Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has demanded National Electric Power Regulatory Authority (NEPRA) reinstate past mechanism for fixed charges based on actual maximum demand and the units consumed, a press release revealed on Thursday. “The current practice of fixed charges based on 50 percent of sanctioned load defies all logic and fair practice,” said FPCCI president…
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Mari Petroleum Company Limited on Thursday announced a temporary suspension of production operations at its Zarghun South Gas Field and Ziarat Block after flash floods adversely impacted gas pipelines and road infrastructure in Balochistan. As per a notice sent to the Pakistan Stock Exchange (PSX), MPCL, which is the operator of Zarghun South Gas Field and Ziarat Block in Balochistan…
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Pakistan was massively short of energy as there were 18 hours of blackouts across the country back in 2014. China has come to our support to overcome the energy crisis by adding clean and green energy to the national grid,” a Pakistani minister said. ISLAMABAD, Sept. 9 (Xinhua) — Pakistan’s Minister for Power Khurram Dastgir Khan said on Thursday…
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The federal government has finalized names for appointment of managing directors in Oil and Gas Development Company (OGDCL) and Pakistan Petroleum Limited (PPL), ARY NEWS reported. According to sources privy to the matter, it has been decided to appoint Zahid Mir as MD OGDCL while Imran Abbasi will be posted as MD PPL. “The federal cabinet has approved both the…
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Asian spot liquefied natural gas (LNG) prices climbed to near record levels this week as Asian buyers sought to secure supply ahead of winter, narrowing the price spread with Europe where Russian gas flows remain curtailed. The average LNG price for September delivery into north-east Asia was estimated at $48 per million British thermal units (mmBtu), up $3, or 6.7%,…
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Brent crude futures were down $4.12, or 4.4 percent, at $88.71 a barrel by 12:43 p.m. EDT (1543 GMT), touching their lowest since February 3 and falling below $90 a barrel for the first since February 8. US West Texas Intermediate crude fell by $4.29, or 4.9 percent, to $82.46, reaching its lowest since January 24 as recession fears moved…
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Conceptually, energy transition transforms energy sources from fossil fuel-based to clean energy that does not produce carbon emissions. Fossil energy has been used for a long time and has created significant greenhouse gas emissions worldwide. One clean energy source in the world is renewable energy, which is more sustainable than fossil fuels. Renewable energy is more efficient and effective than…
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The Power Division has proposed imposition of surcharge at Rs 1.52 per unit on consumers of K-Electric (KE) to recover an amount of Rs 204 billion as pending Quarterly Tariff Adjustments (QTAs) in 12 months, well-informed sources told Business Recorder. According to available details background of the case was discussed by the ECC in its meeting March 26, 2020 and September…
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Minister for Energy made these remarks at the unveiling of report on “Overview of Pakistan’s power sector and its future outlook” and forum on Achievements of CPEC Power Projects. Commending the efforts of the forum he appreciated the timely research initiative as valuable in trying to find a roadmap for steering the country out of this difficult energy situation. The…
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