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…
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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…
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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…
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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…
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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…
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Industrial activities come to a standstill in the financial hub of the country due to suspension of gas supply by the Sui Southern Gas Company (SSGC), which may affect industry to meet export orders. Site Association of Industry (SAI) President Abdul Hadi expressing concern over the non-supply of gas to the industries of the Site Area, said that SSGC has…
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Public hearings were held by the National Electric Power Regulatory Authority (Nepra) recently on the Indicative Generation Capacity Expansion Plan (IGCEP) and allied issues. There was considerable controversy and discontent. There are two major issues that are under deliberation these days, which have a bearing on each other: Competitive Trading Bilateral Contract Market (CTBCM – a competition framework in the…
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Amid hike in fuel cost, the country’s power generation in May 2021 posted growth of 8.3 per cent year-on-year (YoY) to 13,010 GWh while it rose by 24pc month-on-month (MoM) compared with 10,481 GWh in April 2021. The first 11 months of the current fiscal year (11MFY21) saw a 6.7pc jump in power generation to 115,862 GWh from 108,579 GWh…
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As background engagements continue to call another special meeting of the Cabinet Committee on Energy (CCoE) to allow replacement of Engro’s LNG terminal for maintenance and statutory inspections, the Ministry of Maritime Affairs has demanded imposition of penalties on Engro for “violating the terms and conditions and jeopardising the energy security of Pakistan”. Informed sources said the second special meeting…
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Power Division and M/s GIZ Pakistan on Friday signed a new Implementation Agreement (IA) under which the latter will conduct Renewable Energy and Energy Efficiency (REEE II) project aimed at providing technical support to Power Division and its associated Alternative Energy Development Board (AEDB). The objective of the project is to contribute effectively to the energy transition in Pakistan. The…
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