SINGAPORE: Global coal power capacity saw a modest increase of 18.8 gigawatts (GW) in 2024—its smallest annual rise in two decades, according to the latest report by US-based Global Energy Monitor (GEM). Despite rapid growth in renewable energy, 12 countries commissioned 44GW of new coal-fired plants last year, outweighing the *25.2GW of retirements. This brought the world’s total coal generation…
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In a decisive move to ease the burden of high-power costs, Prime Minister Shehbaz Sharif has announced a new electricity tariff structure, with immediate implementation. The new rates bring much-needed relief to low-usage households while setting a transparent framework for commercial, industrial, and agricultural sectors. 🔌 Here’s What You’ll Pay Now: The new pricing structure aims to provide targeted relief…
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ISLAMABAD, April 03, 2025: Oil and Gas Development Company Limited (OGDCL) on Thursday announced the successful revival of oil and gas production from Chak # 2-2 Well, a joint venture in the Sinjhoro Block, located in the Sanghar district of Sindh. This achievement underscores OGDCL’s commitment to enhancing the country’s hydrocarbon resources and ensuring energy security.The Sinjhoro Block comprises OGDCL…
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KARACHI: The Sindh Energy Department has defended its performance in response to recent criticism, attributing the slow expansion of renewable energy across provinces to faulty planning at the federal level. A handout issued by the department highlights systemic barriers imposed by the *single-buyer model, under which the *Central Power Purchasing Agency (CPPA) controls electricity procurement. This structure prevents Sindh from…
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PESHAWAR: Khyber Pakhtunkhwa (KP) Chief Minister Ali Amin Gandapur has formally raised the issue of outstanding Net Hydel Profit (NHP) dues with Prime Minister Shehbaz Sharif, urging an urgent resolution. In a letter to the Prime Minister, the Chief Minister cited *Article 161(2) of the Constitution, which mandates that revenues from *hydropower generation be allocated to the respective provinces. He…
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Former U.S. President Donald Trump has imposed a 10% tariff on most imports and significantly higher duties on numerous countries, further intensifying a global trade war that threatens economic stability. Announced in the *White House Rose Garden, the sweeping tariffs rattled financial markets and drew sharp criticism from world leaders. *Forbes reported that the U.S. has imposed a *29% reciprocal…
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The federal government is set to unveil a “major” relief package today (Thursday), as hinted by official social media posts from government representatives and high-ranking officials. On Wednesday, the government’s official X account teased “great news for the entire nation,” using the hashtag ‘Small Eid, Big Gift’, signaling a potential Eidul Fitr-related announcement. The ruling PML-N also confirmed that Prime…
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*April 1, 2025, Germany celebrates the *25th anniversary of the *Renewable Energy Sources Act (EEG)—a groundbreaking policy that has transformed the global energy landscape. Passed by the **Bundestag on February 25, 2000, the EEG marked a turning point for renewables, increasing their share in Germany’s electricity mix from *just under 5% in 2000 to over 60% today. Despite initial resistance…
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By the grace of Almighty Allah, Mari Energies Limited (formerly Mari Petroleum Company Limited) is pleased to announce a significant third gas/condensate discovery at the Spinwam-1 exploratory well in the Hangu Formation within the Waziristan Block, located in North Waziristan district, Khyber Pakhtunkhwa (KP) Province. This latest discovery follows the previous two hydrocarbon finds in the Samanasuk Formation and *Kawagarh…
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Islamabad, March 28,2025 Federal Minister for Petroleum, Ali Pervaiz Malik, held a meeting with His Excellency Jakob Linulf, the Ambassador of Denmark to Pakistan, today at the Petroleum Division. The discussions focused on enhancing bilateral cooperation in the energy sector, with special emphasis on mining sector and technological collaboration. The meeting highlighted the critical role of Danish expertise in Pakistan’s…
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