FPCCI Requests to PM Imran Khan to Help Resolve the Crisis

Karachi (PR): Mian Nasser Hyatt Maggo– President FPCCI – has expressed his profound concern over continuing gas crisis and incessant gas supply shortages; hampering industrial production and fulfilment of export orders. Mian Nasser Hyatt Maggo has stressed the immediate need to bring all the stakeholders and players on one page; and, he has requested Honourable PM Imran Khan to chair their meeting and help resolve theirdifferences and contradictions – once and for all. Mian Nasser Hyatt Maggohas said that FPCCI is keenly but sorrowfully observing difference of opinion among various…

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Mangla non-filling may hit water supply to Punjab

LAHORE: The Mangla dam, the biggest water reservoir of the country, may not be filled this year, jeopardising 13 million acre feet (MAF) Rabi supplies to Punjab and endangering wheat crop in the province and food security of the country. The Indus River System Authority (Irsa) now seems resigned to the fact, saying: “If the country has much above normal monsoon, the Mangla Lake may touch a level of 1,210 to 1,220 feet against its optimum level of 1,242 feet.” The alarm bells started ringing when the lake, which should…

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Turkey hikes electricity prices by 15%, natural gas prices by up to 20%

Turkey on Thursday hiked consumer electricity prices and residential natural gas prices, which together could put upward pressure on inflation. The country’s natural gas distributor BOTAŞ said it had raised natural gas prices for residential use by 12%, industrial use by 20% and for electricity production by 20.2%. This marked the seventh increase in natural gas prices since January, according to the tariff released by BOTAŞ. The move came shortly after the nation’s energy regulator Wednesday said it would hike consumer electricity prices as of July 1 in response to…

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Hitachi ABB Power Grids is evolving to become Hitachi Energy and broadens commitment to a sustainable energy future

Hitachi ABB Power Grids today announced that it will be evolving to become Hitachi Energy from October 2021. The decision to change name has board and shareholder consent and coincides with the business’ first-year anniversary since it started operations on 1 July, 2020. Hitachi Ltd. has an 80.1 percent stake in the joint venture and ABB Ltd. holds the balance. Headquartered in Zurich, Switzerland, the global technology and market leader brings a rich heritage of pioneering breakthroughs, which have helped to increase access to safe, secure, and reliable electricity for more than one century.…

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Australia’s ‘unsafe’ solar installation standards under fire

More than 2.68 million rooftop solar PV systems have now been installed in Australia. But REA Global Director Michael Mrowka has declared that changes to national installation standards are urgently needed in order to defuse a “ticking time-bomb” created by unsafe and poorly designed solar installations. Mrowka said rooftop solar safety standards, particularly those relating to the controversial DC isolators that were mandated in Australia in 2012, have not kept pace with technology and industry changes. “One example is the AS/NZS 5033 standard that mandates rooftop solar isolators, which have…

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Global gas prices rally on hot summer, storage demand

SINGAPORE/SHANGHAI/LONDON (July 1): Global prices for natural gas are at multi-year highs, with high temperatures driving up demand for power generation in the northern hemisphere for air conditioning and as traders in some regions replenish stocks ahead of winter. Prices for liquefied natural gas (LNG) cargoes delivered in Asia rose above US$13 per million British thermal units (mmBtu) this week, highest for this time of the year since 2013, while Dutch wholesale and US natural gas prices also rose to multi-year highs. “Post-lockdown demand recovery, together with a wide collection…

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No part of country spared from power loadshedding

LAHORE: Most parts of the country have been experiencing loadshedding, including the forced one, for several hours due to the shortfall widening fast. People have been suffering from five to 12 hours forced/unannounced as well scheduled loadshedding across the country owing to an overloaded system. The forced loadshedding for another couple of hours is also being observed in various areas falling within service jurisdiction of as many as 1,000 high loss feeders. In Hyderabad, consumers are forced to suffer eight to 10 hours unannounced load management. The situation is worst…

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Engro blames slow pace for not accomplishing dry-docking on time

ISLAMABAD: Although the government has held Engro responsible for the current gas crisis in the country, its president Ghias Khan argued that if the work had been done at an accelerated pace, terminal dry-docking could have accomplished during the Eid holidays. He said they had written several letters to Sui Southern Gas Company (SSGC), as they possessed 70 such letters written to them. While talking to Geo News programme anchor Shahzeb Khanzada Thursday, he said they had informed the SSGC in October 2019 that the dry-docking would be done in…

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Qatar LNG supply in limbo as govt drags feet on dry dock

An indecisive Federal Ministry of Energy dragged its feet on carrying out dry docking of most efficiently run Liquefied Natural Gas (LNG) based Floating Storage and Regasification Unit (FSRU), missing several low demand periods during mild weather and lockdowns despite repetitive reminders, The News learnt on Thursday. As a last resort, Qatar was contacted to allow filled FSRU in place of outgoing ship with a view to saving shutdown time but that move was too late to be a starter given the documentation required for this purpose. Hence, Qatar, the…

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Five Asian countries account for 80% of new coal power investment

Five Asian countries are jeopardising global climate ambitions by investing in 80% of the world’s planned new coal plants, according to a report. Carbon Tracker, a financial thinktank, has found that China, India, Indonesia, Japan and Vietnam plan to build more than 600 coal power units, even though renewable energy is cheaper than most new coal plants. The investments in one of the most environmentally damaging sources of energy could generate a total of 300 gigawatts of energy – enough to power the UK more than three times over –…

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