The U.S. is discussing with its European allies a price cap on Russian oil. The goal is to keep Russian oil flowing into international markets but curb budget revenues from it to discourage Russia from continuing the war in Ukraine. Theoretically. The situation is not dissimilar to wanting to eat your cake and have it, too. On the one hand,…
Read More
K-Electric (KE) has sought immediate payment of Rs 25 billion from the federal government to clear outstanding amount of SSGC as the latter has threatened to encash bank guarantee of Rs 6 billion provided by former as security deposit in addition to immediately reducing gas supplies by 10 MMCFD on daily basis, which may increase load-shedding. This was the crux…
Read More
Pakistan will seek a deferred payment plan for liquefied natural gas bought under long term deals with Qatar, Finance Minister Miftah Ismail said on Saturday, as country faces a balance of payments crisis and falling foreign exchange reserves. “We’ve talked about a deferred payment plan … or at least I’ve requested this … and (Pakistan’s) petroleum minister is doing negotiations…
Read More
Former federal minister and Pakistan Tehreek-e-Insaf (PTI) leader Umer Ayub said on Saturday that their government left had left the price of electricity at Rs 16 per unit that would shoot up to Rs 40 per unit next month, while the petrol price would soar to Rs 310 per liter. Addressing a press conference flanked by former finance minister Shaukat…
Read More
Pakistan can achieve substantial savings due to policies favouring Hybrid Electric Vehicles (HEVs). The country can save approximately $779 million per annum if 40 percent of vehicles are converted into Hybrid Electric Vehicles (HEVs). Around 19 percent of total imports by Pakistan are petroleum products and it is the largest sector that consumes huge foreign exchange. According to an estimate,…
Read More
Pakistan continues to face a serious electricity crisis for the last three weeks or so, as load shedding has intensified across the country. The power deficit in the National Transmission & Despatch Company (NTDC) network is currently recorded at over 7,000MW, and the power supply-demand gap is likely to widen in the coming days due to fast-growing demand for electricity…
Read More
The government on Friday allocated funds amounting to Rs1.480 billion in the Public Sector Development Programme (PSDP) for the year 2022-23 to advance nine ongoing petroleum sector projects. According to the budgetary documents, the incumbent government earmarked another Rs150.560 million for establishment of National Mineral Data Centre (NMDC)(Dte Gen of Minerals, Rs303.700 million for expansion and up-gradation of Pakistan Petroleum…
Read More
Pakistan’s electricity generation capacity increased by 11.5% and reached 41,557 megawatts in July-April 2021-22 compared to 37,261MW in the same period of previous fiscal year, revealed the Economic Survey of Pakistan 2021-22. The hydel energy share in the total installed capacity marginally fell to 24.7% year-on-year during the first 10 months of FY22. The contribution of re-gasified liquefied natural gas…
Read More
Wastewater recycling systems should immediately be introduced in Karachi to increase green cover without further depleting the scarce water resource for residents of the city. This was one of the unanimous demands by the concerned speakers who spoke at a moot titled “Climate Change and our responsibilities” at the Arts Council, Karachi. The National Forum for Health and Environment (NFEH)…
Read More
Recently, GoodWe was awarded the title of Most Efficient Asian Storage Manufacturer by Berlin University of Applied Science through SPI efficiency test, we know technology always comes from investment and accumulation, but few people note that this is the 10th year of GoodWe’s dedication to energy storage industry, experiencing accountable setbacks and honors along the way in order to achieve…
Read More
