Month: May 2021

National Electric Power Regulatory Authority (Nepra) has certified that performance of Karachi Electric (KE) and National Transmission and Despatch Company (NTDC) improved in 2019-20 with respect to preceding year. Nepra, in its Performance Evaluation Report (PER) of KE 2019-20, said that system duration of interruption was witnessed on average around 0.12 hours (7 minutes) which shows a decrease of 80% as compared to preceding year’s average of 0.61 hours (37 minutes). Regarding system frequency of interruption, it was observed that average number of outages per circuit for KE remained 0.09,…

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: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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