Day: May 28, 2021

:Balochistan government has planned to install solar energy system in various government departments including health, education, agriculture among others in the next financial year 2021-22. The installation of solar energy system in Primary healthcare centers in areas which were not connected to the national grid would be done in the next public sector development programme, an official of Balochistan government told APP on Thursday. The newly established Medical Emergency Response Centers (MERCs) at the highways of the province would also be connected with solar energy sources, he added. He said the project of installation of solar street lights in the main cities…

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Water and Power Development Authority (WAPDA) has successfully raised $500 million from the international markets at 7.5% on Thursday, completing a landmark deal not just for Pakistan’s power sector, but also the country’s first green bond issuance. Early details indicate the bond issue was also oversubscribed by over 4 times, attracting $2.2 billion, and bringing down the initial guidance level that suggested a rate close to 8%, according to officials familiar with the matter. The bond issuance is being seen as another positive development for the government that announced the…

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UK oil and gas operators are on the cusp of dramatic transformation as the sector recovers from the impact of the coronavirus and positions itself for a low carbon future. Of those contractors responding to a survey, 75% anticipate moving into renewables work over the coming three to five-year period, the highest level recorded since the question was first asked in 2015. On average, they believe oil and gas will account for less than three quarters of their business activity by 2025 – down from the current average of 86%.…

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Liquefied natural gas (LNG) demand growth in Asia will slow down next year as the economic recovery stagnates and the capacity of competing fuels nuclear and coal expand in Japan and South Korea, research consultancy Wood Mackenzie said on Thursday. LNG demand in Asia is expected to rise by 12 million tonnes per annum (mmtpa) in 2022, down from the 19 mmtpa growth in 2021, Robert Sims, head of Woodmac’s LNG short-term, gas and LNG research, said in a note. “LNG demand growth in Asia will slow down as the…

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The month of May marks the 23rd anniversary of nuclear weapon tests in South Asia. Since then, the discourse on non-military aspect of nuclear technology and its enormous potential of peaceful application have overshadowed by its military use. The creation of the International Atomic Energy Agency (IAEA) in 1957 was a watershed moment in the history of nuclear fission technology. Since then, some 30 countries around the globe have been benefiting from over 440 nuclear power reactors, with France leading from the front, where about 70 percent of total electricity…

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