Anupam Rasayan to invest Rs 43 cr to set up a 12.5 MW solar power plant

New Delhi: Speciality chemical company Anupam Rasayan India on Tuesday said it will invest Rs 43 crore to set up a 12.5 megawatt (MW) solar power plant. “In a conscious move towards reducing dependence on non-renewable energy and cost saving measure, Anupam Rasayan… has issued a letter of intent to install solar power by investing a sum of Rs 43 crore,” the company said in a regulatory filing. The company said the entire capital expenditure of Rs 43 crore will be funded from the its IPO proceeds. The size of…

Read More

Biden’s Road to Clean Energy Runs Through West Virginia Coal Country

Gerald Lucas, 69, is a former coal miner and federal mine inspector who now gives public tours underground at the Beckley, W.Va., Exhibition Coal Mine, a working mine that ceased operations in 1953. He describes it as a fun job that allows him to share his decades of experience with visitors. Lucas’s career change is becoming more common among West Virginians as the rural state of 1.8 million moves toward a new economy in which coal is no longer king. The state, which had a poverty rate of 16% in…

Read More

After Historic Fall, Carbon Emissions Are Now Coming Back Fast

Pandemic restrictions in 2020 caused the largest absolute drop in carbon-dioxide pollution from energy use since World War II. But lockdowns eventually lifted, and as economic activity picked up, emissions resumed very quickly by year’s end. In December, worldwide emissions were 2% higher than the same month in 2019, according to new data from the International Energy Agency. Emissions from energy fell by about 2 billion metric tons, or 5.8% in 2020, from the prior year. Such a plunge “is without precedent in human history — broadly speaking, this is…

Read More

Pakistan’s Oil Sales Saw 57% Increase In April 2021

The oil sales in Pakistan have seen a huge jump of 57% in the month of April 2021. The country recorded sale of 1.67 million tons of oil in the said month, compared to 1.07 million tons in April 2020. The Month on Month (MoM) sales were increased by 13%, from 1.49 million tons in March 2021. During the ten months of the current fiscal year, the overall oil sales were increased by 19% at 15.83 million tons, against 13.34 million tons in July-April 2020. Petrol and Diesel Sales:Coming to…

Read More

Gen Bajwa says no power on earth can sabotage CPEC

CPEC Authority Chairman Lt General (retd) Asim Saleem Bajwa Tuesday said no power on earth could sabotage China Pakistan Economic Corridor (CPEC) as it was the country’s national project. Addressing a ceremony at Karachi Chamber of Commerce and Industry (KCCI) here, he said CPEC, being a flagship project of the Chinese Belt and Road Initiative, had improved the road connectivity between the two countries and would do so further. On eastern alignment of CPEC, Bajwa said only one section Sukkur-Hyderabad was left that had already been launched by Prime Minister…

Read More

Gas production from Benari started

KARACHI: KARACHI: Pakistan Petroleum Limited (PPL) has commenced commercial gas production from Benari Development and Production Lease (Benari D&PL) in Shah Bandar Block with effect from May 3, 2021, a bourse filing said on Tuesday. The block is located in districts Thatta and Sujawal, Sindh and lies in the southernmost part of the Lower Indus basin. Benari X-1 well in Benari D&PL is the first exploratory well drilled in Shah Bandar block, which is operated by Pakistan Petroleum Limited (PPL) with 63 percent working interest (WI) along with its joint…

Read More

Energy Projects Afoot To Improve Power Supply In Malakand Division

The government was taking tangible measures to resolve issues pertaining to low voltage and frequent disruption of power supply in Malakand division. As part of such efforts, three projects would be undertaken in different districts of Malakand division to improve voltage and provide uninterrupted power supply to domestic, industrial and agricultural consumers. Engr Malik Luqman Khan, KP Energy Department’s senior planning officer told APP that 500 KV transmission line from Chitral to Chakdara besides 500 KV, 220 KV and 132 KV grid stations in Chitral and Chakdara Lower Dir would…

Read More

FPCCI questions setting up of RLNG-based plant in Punjab

The Federa­tion of Pakistan Chambers of Commerce & Industry (FPCCI) on Tuesday demanded that government explain the rationale behind approving the 1,263MW power plant being set up by Punjab Thermal Power Ltd in Jhang which is based on imported regasified liquefied natural gas (RLNG). In a statement, FPCCI President Mian Nasser Hyatt Magoo said the new plant will cost six cents USD/Kwh, when producing electricity on imported RLNG and as high as 11 cents USD/Kwh when producing energy on high speed diesel. On the other hand, the government is not…

Read More

Rs36 Billion Loaned Under Financing Scheme for Renewable Energy

Karachi: Total loans under the SBP’s financing scheme for renewable energy amounted to Rs36 billion as of February as the scheme has evolved over time and received strong response, the central bank governor said on Tuesday. As of February 2021, financing of around Rs36 billion have been extended for 521 projects producing approximately 850 megawatts, the State Bank of Pakistan (SBP) Governor Reza Baqir said addressing a webinar. In June 2016, SBP issued financing scheme for renewable energy to promote renewable energy projects and doubled scope of concessional financing last…

Read More

KE’s system: $650m BQPS-III project to add 900MW of generation capacity: governor

KARACHI: Sindh governor Imran Ismail on Tuesday visited K-Electric’s Bin Qasim Power Station-III (BQPS-III) project to review the progress on the latest addition to Karachi’s power network. The visit followed a meeting between KE’s senior leadership and the Governor Sindh where KE presented an update on the company’s preparedness for Ramazan and the 2021 summer season, said a spokesperson of Governor. According to the presentation, BQPS-III is a $650 million project which will be adding 900 MW of generation capacity to KE’s existing network. This mega-project is progressing on the…

Read More