Solar industry needs special tax regime for energy independence of Pakistan

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Karachi: The solar industry in Pakistan deserves a special and viable tax regime to enable it to unlock its true potential and to help the country in its drive to become self-reliant and independent in the energy sector with the least harm to the environment. This demand was made by the representatives of the solar industry who participated in the…

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S Korea’s LNG demand forecast to rise 15% through 2034: ministry

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South Korea’s energy ministry said April 27 that the country’s LNG demand is expected to rise 15.1% through 2034 on the back of higher LNG demand for bunkering and hydrogen fuel cell cars, as well as a government-led push to reduce power generation by coal and nuclear. The country’s LNG demand is forecast to grow to 47.97 million mt in…

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Study: Expanding Renewable Energy in Illinois to 40% by 2031 Will Save Consumers and Businesses $1.21 Billion

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A study performed by the Power Bureau, led by former Illinois Power Agency Director Mark Pruitt, finds that fully funding the expansion of Illinois’ renewable energy program will result in lower electric bills for Illinois ratepayers. The study, “Cost Analysis of Renewable Energy Deployment in Illinois,” compared the additional funding needed to reach a 40% renewable energy goal with the impact…

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Renewable Energy Is Suddenly Startlingly Cheap

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Earth Week has come and gone, leaving behind an ankle-deep and green-tinted drift of reports, press releases, and earnest promises from C.E.O.s and premiers alike that they are planning to become part of the solution. There were contingent signs of real possibility—if some of the heads of state whom John Kerry called on to make Zoom speeches appeared a little…

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Malaysia’s Petronas adds three new vessels to global LNG fleet

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Malaysia’s state oil firm Petroliam Nasional Bhd has expanded its global liquefied natural gas (LNG) fleet with three newbuild 174,000 cubic metres vessels, the company said on Thursday. The firm has signed an agreement with shipowner Hyundai LNG Shipping for the vessels that are expected to be delivered from the second quarter of 2024 and will mainly be used to…

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NTDC, Pak MLTC agree to extend project’s COD by six months

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The government has extended the Commercial Operations Date (COD) of 660 kV HVDC Matiari – Lahore Transmission Line CPEC portfolio project from 1st March to 1st September 2021. Federal Minister for Energy (Power Division) Muhammad Hammad Azhar witnessed the agreement signing ceremony of addendum /amendment in agreement for 660 kV HVDC Matiari – Lahore Transmission Line Project between NTDC and…

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Tarin defers decision on IPP payments, LNG subsidy

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ISLAMABAD: In his maiden meeting of the Economic Coordination Committee (ECC) of the cabinet, Finance Minister Shaukat Tarin deferred taking a decision on two crucial agenda items — payments to independent power producers (IPPs) and how to go ahead with subsidy on LNG supplies to export industries. Presiding over the ECC meeting, the newly inducted finance minister constituted two smaller…

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Hamad Azhar Assures To Start Work On All Approved Power, Gas Projects For Lakki District

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PESHAWAR, (APP – UrduPoint / Pakistan Point News – 28th Apr, 2021 ) :Federal Minister for Energy Muhammad Hammad Azhar Wednesday assured that work on all approved power and gas projects for Lakki Marwat would be started soon. Talking to prominent and senior parliamentarian, Humayun Saifullah and Provincial Minister for Social Welfare Dr Hisham Inamullah Khan during a call on…

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LONGi Supports Energy Transformation at Rantex Group

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Rantex Pvt Ltd is a leading textile manufacturer, having been established in Pakistan for over 26 years. The project EPC is delivered by Green Volts Energy, a pioneer developer of low-carbon infrastructure in Pakistan and has been one of the most active players in the private solar sector. Green Volts has numerous project experiences, and is the first company to…

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Prosecution witness tells AC: No document produced in LNG case

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The prosecution witness, on Wednesday, told the Accountability Court that he has not produced any document before it in the Liquefied Natural Gas (LNG) case where in accused former Chairman Oil and Gas Regulatory Authority (OGRA) Saeed Ahmed figured in. The prosecution witness, Abdur Rashid, Director Gas, while recording his statement before Accountability Court-II judge Muhammad Azam Khan, said that…

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