One of India’s leading renewable energy companies, Adani Green Energy, has reported an impressive 30% increase in installed capacity between April 2019 and March 2020. In a statement, the company announced that it added 587 megawatts of solar and wind energy capacity in 2019-20, taking the total installed capacity to 2,545 megawatts. The commissioned assets include 2,148 megawatts of solar…
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Lower long-term LNG prices could encourage coal-to-gas switching in Northeast Asia, while Chinese LNG demand is also expected to expand this year, albeit at a slower rate, as China gets back to work. Asia Pacific gas demand was already under pressure as the coronavirus hit consumption in China and continued downside is likely as the world struggles to contain the…
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The Board of Directors (BoD) of K-Electric (KE) Limited in its meeting held on April, 09, 2020 at the KE Head Office, approved the Company’s financial results for the year ended June 30, 2019. During the reporting period, around PKR 40 billion was invested across the Company’s power value chain. KE remains committed to making further investments across the power…
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CAIRO: United Arab Emirates’ energy minister Suhail Al Mazrouei said on Saturday that an OPEC+ decision to cut oil supply will have a major impact on rebalancing the oil market amid the coronavirus outbreak. “The group’s decision to cut supply will be the largest ever cut in the history which will help balancing the oil supply and demand,” Al Mazrouei said…
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IYADH, (UrduPoint / Pakistan Point News / WAM – 11th Apr, 2020) His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Minister of Defense of Saudi Arabia, received today a telephone call from President Vladimir Putin of Russia, SPA reported. During the phone conversation, they reviewed the efforts being exerted to stabilise and maintain…
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ISLAMABAD, Apr 11 (APP):The Sui Northern Gas Pipelines Limited (SNGPL) has allocated an amount of Rs 38 million to support the government efforts to contain the spread of novel coronavirus (COVID-19) that took thousands of lives across the world in just few months. The SNGPL Board has directed the company to deposit Rs19 million in the Prime Minister’s Relief Fund,…
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ISLAMABAD-Petroleum Division (Ministry of Energy) has extended its unfailing support to government of Pakistan in the fight to curb COVID-19 pandemic in country. The SNGPL (Sui Northern Gas Pipeline Limited Co.) has allocated Rs38 million for relief activities across the country. The Board of Company has directed the company to deposit Rs19 million in Prime Minister’s Relief Fund for Pandemic…
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The State Bank of Pakistan (SBP) has proposed that it will be responsible for only price stability and has sought to abolish the dual objective of controlling inflation and supporting economic growth – a policy shift that former central bankers argue does not suit Pakistan. The central bank has moved the proposal as part of amendments to the SBP Act…
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This is the first time any of the standing committees of the Federation of Pakistan Chambers of Commerce & Industry met digitally through the video conferencing system. Convener of the committee Naeem Qureshi chaired the meeting. “We may simply create another environmental catastrophe that will further aggravate the COVID-19 health emergency if in case the medical waste of the coronavirus…
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According to the World Intellectual Property Organization (WIPO) data, China’s Huawei Technologies, the world’s biggest maker of telecoms equipment, has become the top corporate patent filer for the third consecutive year. Hence, in a first, China knocks U.S. from top spot in global patent race. WIPO, which oversees a system for countries to share recognition of patents, said 58,990 applications…
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