Month: October 2021

CM Sindh opens Rs650m Manora WaterFront recreational projectCM announces ferry services from Seaview o ManoraKARACHI

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Sindh chief Minister Syed Murad Ali Shah has said that Manora Waterfront Beach is one of the beautiful recreational places his government has developed to provide a safe, secure, neat and clean family recreational place for the people of this city.“We are planning to develop a Jetty at Seaview to start ferry service from the Clifton area to Manora beach.”  This he said while speaking at the inauguration ceremony of Rs650 million project of Improvement of Water Front Development at Manora Beach, Karachi at Manora. The inauguration ceremony was attended by…

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NEPRA Chairman’s Powers Restored

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The powers of Chairman, National Electric Power Regulatory Authority (Nepra), Tauseef H Farooqi have been restored in just four days after two members of the authority bowed down before “external” pressure, well-informed sources told Business Recorder. According to a new notification issued on Friday, “with immediate effect, the majority members of the Authority have recalled the notification No. MON-01/2021/4141 of October 25, 2021 and the following departments shall report to the Chairman Nepra till further orders of the Authority; (i) Registrar and Coordination & Implemen-tation Departments; (ii) Administration & Human…

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Global Recovery Spending On Clean Energy Rises By 20%

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Governments currently plan to allocate an estimated US$470 billion for clean energy investment between now and 2030, up by 20 percent compared to plans in July, the International Energy Agency (IEA) said on Thursday, but noted that despite the increase, recovery is uneven and clean energy investment is not enough to prevent emissions growth. Between July and October, governments have made 40 new funding announcements and added spending figures and details to 140 previously announced spending programs, the IEA’s Sustainable Recovery Tracker showed. Government spending increased significantly in energy efficiency,…

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U.S. Coal Industry Says Almost Sold-Out For 2022

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U.S. coal miners are enjoying the surge in demand for the fossil fuel, with almost all of their production through the end of next year—and some into 2023 even—already sold, according to a Bloomberg report. Prices are higher, too. According to the report, Arch Resources, the second-largest coal miner in the United States, has sold its 2022 output at prices 20 percent above current spot market rates. This suggests that this year’s surge in coal demand may not be just a short-lived hiccup in the energy transition. Share prices of…

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The End Of A Remarkable Rally In Energy Prices

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Oil prices are on course to post their first weekly loss in two months, with both coal and natural gas prices falling as well. Whether this marks the end of the recent crazed rally in energy prices remains to be seen, but there are certainly more bearish factors on the horizon. For a deeper dive into exactly what is going on in energy markets at the moment, sign up for a risk-free trial of our premium service Global Energy Alert. From geopolitical intelligence to trading tips and technical analysis, it’s…

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