Again, this sector also needs to be developed around energy-efficient green building concept if we ever want to solve our energy crises. In an efficient environment, building sector consumes about 40% of total energy and in our poorly-designed building environment, we waste too much energy and there is no attempt to follow even the essential requirements of Pakistan Building Energy…
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MANSEHRA: The district administration has imposed Section 4 of the Land Acquisition Act, 1894, banning the sale, purchase and transfer of land to be acquired for the Balakot hydropower project. “We have already met all legal formalities to acquire over 1,700 kanals of land for the Rs85 billion Balakot power project in Kaghan valley and this process will be completed…
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KARACHI: The Board of Directors of Shell Pakistan Limited (SPL) announced financial results for the year ended December 31, 2020. The company posted a loss after tax of Rs 4,821 million for 2020 compared to the loss of Rs 1,485 million in 2019. The second half of 2020 saw significant recovery with a profit after tax in comparison to a…
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ISLAMABAD: The Pakistan Atomic Energy Commission (PAEC) on Tuesday announced it had achieved criticality of its 1,100MW nuclear power station in Karachi, one of the two major nuclear plants in the city. The commission said the 1,100MW plant, called K-2, would go through certain safety tests and procedures before it is connected to the national grid by the end of…
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The National Energy Efficiency and Conservation Authority (NEECA) can help improve existing boilers and provide sufficient knowledge regarding energy efficiency and conservation. This was stated by participants at a webinar hosted by NEECA on Industrial Boilers’ best practices for Efficient Operations. The webinar was intended to open the platform for Industrial associations, policymakers, new technology, and concerned stakeholders, for generating…
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KARACHI: Sales of petroleum products surged 26 percent year-on-year to 1.4 million tons in February as consumer demand was seen recovering back to the pre-COVID level, official data showed on Tuesday. The off-takes of petroleum products stood at 1.1 million tons in February 2020. However, sales of petroleum products were down eight percent month-on-month partly due to two working days…
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Around 3 years ago the general view in the Pakistan electricity sector was that solar and wind power (together termed “variable renewable energy,” or VRE) should not be allowed to go above 5% of Pakistan’s installed capacity. This view was in part due to fears of the variability of solar and wind and their impact on the proper functioning of the grid,…
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The award of unutilised Liquefied Natural Gas (LNG) terminal capacity is currently in process, following which the private sector is likely to start the import of LNG in April or May. According to a senior official privy to petroleum sector developments, a similar trend of importing LNG through private firms may be seen in the future. At present, the official…
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The government is likely to introduce amendments to the Oil and Gas Regulatory Authority (Ogra) Ordinance 2002 in order to give representation to provinces in the regulatory body. Provinces have supported the amendments proposed by Sindh for giving them representation in the regulatory authority. Under the amendments, the government will also appoint a vice chairman from amongst Ogra members for one year from…
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Pakistan’s landmark, new deal with Qatar for liquefied natural gas at lower rates will save Islamabad a total of about $3 billion over the next 10 years, an adviser to the country’s prime minister said Monday.The agreement, signed last Friday, will save the state $317 million annually due to the reduced price of the gas compared to the 2015 agreement…
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