Eni agrees LNG, gas deal with Zhejiang Energy as China switches to cleaner fuels

On Monday a study showed China generated 53% of the world’s total coal-fired power in 2020, nine percentage points more than five years earlier. China has promised to reduce its dependence on coal and bring emissions of climate-warming greenhouse gas to a peak before 2030 and become “carbon neutral” by 2060. MILAN: Italy’s Eni has agreed a long term liquefied…

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SSGC MD visits Hyderabad region

Imran Maniar, MD, SSGC visited various facilities of the Company’s Hyderabad Region to apprise himself with the progress of various departments and ongoing projects. This was MD’s first visit to Hyderabad Region since his appointment in last February. Amongst others, during the visit, MD was accompanied by Asad Saeed Khan, SGM (HR), Abdul Waheed Jumani, GM In-charge (Gas Distribution Interior…

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NTDC completes work on 130km 220kV transmission line

LAHORE: The National Transmission and Dispatch Company Ltd (NTDC) have completed the rehabilitation/up-gradation of the existing 130km long 220kV double circuit transmission line from Jamshoro to KDA-33 (Karachi). The NTDC has completed rehabilitation work ahead of the deadline despite difficulties faced during the COVID-19 pandemic. The transmission line is expected to be energized on or before 31st March 2021. The…

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Saif Power working it through

Saif Power Limited (PSX: SPWL) – a subsidiary of the Saif Group – announced its financial performance for 2020 recently, and just as other IPPs, the key highlight was the decline in utilization levels due to lower dispatches of electricity during the year by the independent power producer. SPWL’s net revenues dipped by 40 percent year-on-year where the utilization levels…

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Policy draft: Petroleum Division proposes converting Thar coal to liquid fuels, gas

ISLAMABAD: The Petroleum Division has worked out a policy to convert the Thar Coal to Liquid (CTL) and Coal to Gas (CTG) with huge incentives in form of fiscal package for investors, including 10-year income tax waiver. The policy draft identifies the commercial and regulatory framework in which coal can be converted into synthetic gas and synthetic diesel would help…

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