Karot Power Project declared among top performers by Nepra

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The National Electric Power Regulatory Authority (NEPRA) has declared 720MW Karot Power Project among the top performers.https://www.facebook.com/v2.9/plugins/quote.php?app_id=106170627023&channel=https%3A%2F%2Fstaticxx.facebook.com%2Fx%2Fconnect%2Fxd_arbiter%2F%3Fversion%3D46%23cb%3Df30cf9b6e8dbe2%26domain%3Dnation.com.pk%26is_canvas%3Dfalse%26origin%3Dhttps%253A%252F%252Fnation.com.pk%252Ff3cb4fc3ead7148%26relation%3Dparent.parent&container_width=779&href=https%3A%2F%2Fnation.com.pk%2F22-Jan-2022%2Fkarot-power-project-declared-among-top-performers-by-nepra&locale=en_US&sdk=joey This was announced at the NEPRA CSR (Corporate Social Responsibility) Awards Ceremony held in Islamabad. The ceremony was held under NEPRA’s ‘Power with Prosperity’ initiative to highlight and appreciate the achievements of Pakistan’s major power producers and their community development initiatives. The Karot…

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December: Pakistan’s electricity generation cost up 72% YoY

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The cost of generating electricity jumped 72.4%, going up to Rs8.24 kWh in December 2021 compared to Rs4.78 kWh during December 2020. The increase comes mainly due to rise in furnace oil (FO), and Regasified Liquefied Natural Gas (RLNG) cost of generation, according to a note by brokerage house Arif Habib Limited. Interestingly, the generation mix reveals coal, hydel and…

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Sindh to begin ‘importing gas’ in a few years: Azhar

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Responding to a notice of MQM Pakistan members pertaining to gas shortage in Karachi, Federal Minister for Energy Hammad Azhar on Friday revealed during a National Assembly session that the province of Sindh will begin importing gas in a few years. Azhar highlighted that local gas reserves were rapidly depleting with the province of Sindh experiencing the fastest decline in…

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US, Qatar discuss gas supplies amid Ukraine invasion fears

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The US is holding discussions with Qatar and other gas exporters amid fears that a Russian invasion of Ukraine could spark a decline in supply. The talks with the Gulf state and some EU nations have focused on new ways to secure alternative seaborne liquefied natural gas cargoes. The discussions have become more intense in the last week as security…

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Russia’s Oil Output Could Peak In 2023

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Russia, the world’s third-largest oil producer, has long been an unknown when it comes to the OPEC+ production agreement which caps the petroleum output of participants to support higher prices. It was Moscow’s spat with Saudi Arabia over production quotas in early 2020 which, combined with the emergence of the COVID-19 pandemic, caused crude oil prices to plunge into negative territory for the first…

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Are America’s Drilling Hotspots Preparing For A Pivot To Renewables?

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Thanks to the United States shale revolution of the last decade or so, natural gas has become an increasingly cheap and abundant source of power in global energy markets. Many world leaders and industry heads have also touted the plentiful fuel source as a cost-effective stepping stone away from more emissions-intensive fossil fuels such as coal and gas along the…

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Canadian Oil Companies Are Spending On Dividends Rather Than Expansion

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About two years ago, OPEC+ made a high-stakes wager that it could curb oil production and drive crude prices higher without unleashing an onslaught of supply from U.S. shale producers. Indeed, Saudi Arabia was adamant that the golden age of U.S. shale was over as plunging oil prices put hundreds of companies out of business. Well, the alliance’s gambit has definitely paid…

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Coal-fired power plants are causing havoc in Pakistan

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Sahiwal (Pakistan) January 22 (newsin.asia): The Sahiwal Coal Power plant project named as Huaneng Shandong Ruyi (Pakistan) Energy (Limited) in Qadirabad is a mega coal power project which is a part of China-Pakistan Economic Corridor (CPEC). The power plant is located about (12 miles) from Sahiwal and (9.3 miles) from Okara cantonment, just north of the road which connects the…

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