Month: June 2021

Ministry seeks action over violation of terms for LNG supply

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As background engagements continue to call another special meeting of the Cabinet Committee on Energy (CCoE) to allow replacement of Engro’s LNG terminal for maintenance and statutory inspections, the Ministry of Maritime Affairs has demanded imposition of penalties on Engro for “violating the terms and conditions and jeopardising the energy security of Pakistan”. Informed sources said the second special meeting of the CCoE for allowing dry docking of Engro’s Exquisite vessel and resultant gas load management plan would be held in a day or two following a meeting of stakeholders…

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Power Division, GIZ Pakistan sign IA for REEE II project

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Power Division and M/s GIZ Pakistan on Friday signed a new Implementation Agreement (IA) under which the latter will conduct Renewable Energy and Energy Efficiency (REEE II) project aimed at providing technical support to Power Division and its associated Alternative Energy Development Board (AEDB). The objective of the project is to contribute effectively to the energy transition in Pakistan. The 8.1 million Euro project is commissioned by the German Federal Ministry for Economic Cooperation and Development (BMZ). During the IA signing ceremony, Secretary Power Division, Ali Raza Bhutta, and Tobias…

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PM says cheap electricity is key to prosperity

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Lauding the efforts of Pakistani and Chinese engineers and workers for the construction of 4,320 megawatt Dasu hydropower project, Prime Minister Imran Khan has said this dam is vital for the development of Pakistan, as it will meet the country’s electricity need at a very reasonable tariff. “The construction of the dam is a difficult task for which I pay tribute to all the workers, including foreign engineers,” Mr Khan said while addressing a gathering of Pakistani and Chinese engineers after visiting tunnels and other sections of the under-construction Dasu…

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China launches probe into coal prices, will crack down on speculation

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China’s state planner and market regulator have jointly launched an investigation into coal prices and will crack down on speculation and hoarding, the country’s economic planning agency said on Friday. Reuters last week reported that a team of inspectors from five government departments, including the National Development and Reform Commission (NDRC) planning agency and the state market regulator, visited major coal hubs in northern China to investigate inventories and illicit hoarding. read more Physical prices for thermal coal in the 5,500 kilocalorie/kilogramme grade have been hovering around 900 yuan ($139.63) per…

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Japan to tighten rules on coal power exports to meet G7 vow

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TOKYO, June 18 (Reuters) – Japan will tighten its rules on support for exports of new coal power plants, in line with a pact by the Group of Seven nations (G7) to halt new government backing for “unabated coal power” by the end of 2021, a government official said on Friday. The G7 pledged on Sunday to rapidly scale up technologies and policies that speed the transition away from such power, generated by plants that lack emissions-cutting measures, such as carbon capture and storage (CCS). read more “Our rules to support…

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