Rystad Energy is now changing its base-case scenario for oil demand, banking on a second wave of Covid-19. The new assumption for the base case now incorporates a mild second wave of the coronavirus, which will stall the global oil demand recovery. While Europe reopens parts of its economy, triggering an increase in oil demand, increases in the number of…
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Spending on oil and gas, and coal is still higher among members of G20 than spending on renewable energy, a data update from the Energy Policy Tracker has revealed. Across the group, since the start of the pandemic, governments had pledged at least $160.95 billion in fossil fuel investments, versus $123.75 billion in renewable energy investment, the tracker, which updates…
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In order to mitigate the energy woes in the province of Balochistan, the provincial government has decided to launch major renewable energy projects to meet the power needs. This was stated by Secretary Energy, Balochistan Shehryar Taj, said while talking to local media. The government official informed that over Rs1.64 billion has been allocated for 67 new projects in the…
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ISLAMABAD: While ruling out forced load-shedding, Multan Electric Power Company (Mepco) CEO Tahir Mahmood has accused parliamentarians of building pressure for transfer, posting and hiring of people on political grounds. Earlier, Minister for Foreign Affairs Shah Mehmood Qureshi presided over a meeting and expressed dissatisfaction with Mepco’s performance. The Mepco CEO replied that complaints against elected representatives were related to…
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ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Friday expressed concern over collection of Pakistan Television (PTV) fee through electricity bills, saying it was not the right approach. This was stated by Nepra Chairman Tauseef H. Farooqui while presiding over a public hearing on the issue of overbilling and loadshedding in areas of Lahore and Multan electricity distribution companies (Discos). He…
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KARACHI: Sindh Chief Minister Syed Murad Ali Shah has decided to acquire the Metropole Hotel land to prevent the construction of a high-rise on its place and instead develop a modern park for children and elderly people. He also decided to acquire a portion of the Sindh Club on the corner for widening of the left turning of the road…
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Karachi / Dubai: July 24, 2020 – Emirates customers can travel with confidence, as the airline will cover medical expenses of up to EUR 150,000 and quarantine costs of EUR 100 per day for 14 days, should they be diagnosed with COVID-19 during their travel, while they are away from home. This cover is provided by the airline, free of…
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Power production almost doubled in June 2020 compared to March when the Covid-19 outbreak crippled economic activities and brought them to a near halt. The significant growth in power generation indicates that a majority of the factories and industries have returned to work from the four-month-long lockdown. “Power generation has…almost doubled (soared 92% in June) from the low recorded in…
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The writer is a former member of the Energy Planning Commission and author of ‘Pakistan’s Energy Issues: Success and Challenges’. Karachi is passing through one of the worst power crises in its history. People are now demanding that the KE contract either be revoked or amended so as to correct the situation. In the minds of many people, KE has…
Read MoreISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Thursday concluded eight months of fuel price adjustments for distribution companies of Wapda with a net relief of about Rs4.46 billion to consumers owing to relatively lower rates in international energy markets. The decision was taken at a public hearing presided over by Nepra Chairman Tauseef H Farooqi on the request…
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