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In the independent system operator’s territory, wind has generated an average 212,900 MWh, and captured about 26% market share in the generation stack this month. In May, the renewable generated an average 260,600 MWh in SPP, more than 40% of the total market, ISO data shows. As wind speeds ebb, generators across the Midcontinent appear to be opting mostly for coal as a backup fuel. In June, coal power has yielded an average 324,100 MWh, representing about 40% of the ISO’s generation. That’s up from an average 196,200 MWh and…

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The latest report from credit ratings agency Moody’s found that despite ambitions to diversify Gulf economies away from fossil fuels, the results have been ‘limited’ and efforts will be constrained by lower oil prices. The clock is ticking for Gulf economies to end their overreliance on fossil fuels, as more countries around the world pour resources into accelerating their transitions to green energy and a low carbon future. But a report released on Monday from credit ratings agency Moody’s found that despite Gulf Cooperation Council (GCC) states announcing ambitious plans…

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Federal Minister for Energy Hammad Azhar said on Monday that the Council of Common Interests (CCI) had unanimously approved the National Electricity Policy 2021 to streamline matters related to the power sector. “It is a historic time [for the country] as we have succeeded to formulate a national electricity policy which will have its impact in the next five to ten years when our next generations will get inexpensive and eco-friendly electricity, mainly depending on local fuels,” the minister told a news conference. Flanked by special adviser to the Prime Minister…

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The importance of Special Economic Zones being constructed in Pakistan for prospective Chinese industrialists and businesses as being a lucrative business opportunity was highlighted at a webinar. Dynamic DEA Ltd successfully conducted the webinar to strategically discuss Progress on Special Economic Zones and related Chinese industrial relocation to Pakistan. Owais Mir, CEO of Dynamic DEA Ltd, began the webinar by presenting the current standings and benefits of industries of the Special Economic Zones to well-known Chinese enterprises. The webinar was moderated by Ms. Zoon Ahmed Khan in Beijing and Ms.…

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The gas crisis in the country has worsened as Sui Southern Gas Company (SSGC) has decided to disconnect supply to CNG stations and industrial units. According to sources privy to the matter, two gas fields in the Sindh province, Kunnar Pasakhi and Gambat gas fields have been shut for repair works, worsening the already strained supply. “The SSGC after the closure of these two gas fields is facing up to 40 percent shortage in gas supply,” they said, adding that the SSGC has a requirement of 1260 mmcfd, however, it…

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