Day: May 8, 2020

A study conducted in Karachi shows that eight out of 10 people know someone who has lost their job or business during the preventive lockdown against COVID-19, while three out of 10 are now in need of financial assistance to run their daily lives. Pulse Consultant, a leading marketing and social research firm, conducted an in-depth study through the computer-assisted telephone interviewing technique with 1,000 respondents residing in all the six districts of the city. The study was conducted in two phases — April 16 to April 18 (477 interviews)…

The National Electric Power Regulatory Authority (NEPRA) has awarded its first power production license to a Chinese company for the 102MW Shigo Kas Hydropower project in Khyber Pakhtunkhwa (KP). Saifco Group of Pakistan and state-owned China National Machinery Industry Corporation-Sinomach will deliver the project that has an original worth of $307 million. This is the first power production license to be awarded to any joint venture through competitive bidding in the province that is rich in the water resource and can generate a huge amount of hydel power. This development…

Jonathan Trent, late of the OMEGA algae projects, has authored a column on the topic of “putting existing technologies into ecosystems, to increase food productivity and profitability, while conserving water and energy and decreasing environmental impact.” He calls this UpCycle Systems, or UCS to those who adore three-letter acronyms, referring back to the concept of upcycling (vs recycling) as a reuse of discarded material ”in such a way as to create a product of higher quality or value than the original.” As Trent observes, waste byproducts are natural, almost every…

The oil price will hit $100 per barrel in around 18 months. That’s what Orascom Investment Holding Chairman and CEO Naguib Sawiris believes, a new CNBC television interview has revealed.  “I actually believe that in, let’s say, 18 months from now the oil will hit $100,” Sawiris told CNBC via phone in the interview, which was published on CNBC’s website on May 6. “The shale industry will vanish for at least one year … and the start-up is going to be difficult because banks are going to be very reluctant…

Sea-level rise is faster than previously believed and could exceed 1 metre by the end of the century unless global emissions are reduced, according to a survey of more than 100 specialists. Based on new knowledge of climate sensitivity and polar ice melt, the experts say coastal cities should prepare for an impact that will hit sooner than predicted by the United Nations and could reach as high as 5 metres by 2300. “A global sea-level rise by several metres would be detrimental for many coastal cities such as Miami, New York,…

ISLAMABAD: Pakistan State Oil (PSO) stands with the nation amid Corona pandemic, contributes Rs 71 million for relief activities, says a Press release.PSO, Pakistan’s largest Oil Marketing Company, stands by its commitment to serve the nation. PSO has donated Rs. 71 million to provide support and relief to the underprivileged segments of society affected by Corona across the country. Out of the Rs 71 million package, Rs. 50 million has been contributed to the Prime Minister’s Corona Relief Fund. MD & CEO PSO Syed Muhammad Taha and Chairman, BOM, PSO,…

Hot on the heels of last month’s announcement to become a net zero energy business by 2050, Shell has today revealed its intention to create a green hydrogen hub in the port of Rotterdam, using green electricity generated by wind power. Expected to go into operation by 2023, the green hydrogen plant will produce about 50,000-60,000kg of hydrogen per day and have a capacity of around 200MW. It will be constructed at a dedicated industrial site realised by the Port of Rotterdam Authority at Maasvlakte for electrolysers operated by various…

Amin Rajput has been appointed acting managing director of Sui Southern Gas Company Limited (SSGCL) with effect from May 5, informed the company in a statement to the Pakistan Stock Exchange on Thursday.  The statement further said that Amin Rajput has been appointed in place of Mohammad Wasim.