Year: 2021

Coal Crisis a Litmus Test for India’s Resolve to Eliminate Imports

Admin

Surging power demand to support an economic revival, import slowdown due to high global prices, and seasonal disruptions have created coal shortages in India that have not been not seen in years, raising fears of widespread power cuts and triggering a broader debate on the country’s preparedness to shed its dependence on imports. Some coal-powered plants may be staring at a dark festive season as the supply squeeze has come at a time when power demand is typically at its highest of the year. “India is more exposed to the…

Read More

IEA: World Needs to Triple Investment in Renewable Power

Admin

Investment in renewable energy needs to triple by the end of the decade if the world hopes to effectively fight climate change and keep volatile energy markets under control, the International Energy Agency (IEA) has said. “The world is not investing enough to meet its future energy needs … transition‐related spending is gradually picking up, but remains far short of what is required to meet rising demand for energy services in a sustainable way,” the IEA said in its annual World Energy Outlook released on Wednesday. “Clear signals and direction…

Read More

APCNGA for uninterrupted gas supply to CNG stations

Admin

Islamabad: Central leader of All Pakistan Compressed Natural Gas Association (APCNGA) Ghiyas Abdullah Paracha has requested the government to ensure provision of uninterrupted gas supply to LNG-based CNG stations. There should be no supply curtailment to CNG sector if there is any shortage or delay in berthing of Liquefied Natural Gas (LNG) vessels, he said while talking to APP. Paracha, who is also CEO of Universal Gas Distribution Company (UGDC), was of the view that private sector players including the CNG entrepreneurs should be encouraged to import the LNG aimed…

Read More

Body to Probe ‘Inflated’ Contracts of Past Govts

Admin

The Federal Cabinet has constituted a three-member Ministerial Committee to investigate road infrastructure and energy projects’ contracts awarded allegedly at inflated rates during the previous governments, well informed sources told Business Recorder. The committee comprising of Minister for Communication (Convener) Murad Saeed, Minister for Energy Hammad Azhar and Minister for Information Fawad Chaudhary will submit its report to the Cabinet. Minister for Planning, Development and Special Initiatives, Asad Umar, who is defending CPEC projects with respect to transparency, has been kept out of the new committee. The panel has been established…

Read More

Uninterrupted gas supply to LNG-based CNG stations urged

Admin

All Pakistan Compressed Natural Gas Association (APCNGA) has requested the government to ensure provision of uninterrupted gas supply to LNG-based CNG stations. In a statement issued on Monday, APCNGA leader Ghiyas Abdullah Paracha said that there should be no supply curtailment to CNG sector if there is no shortage or delay in berthing of liquefied natural gas (LNG) vessels. He was of the view that private sector players including the CNG entrepreneurs should be encouraged to import the LNG aimed at meeting needs of the industrial sector especially CNG. He…

Read More