Month: February 2022

Govt Devises Plan to Provide Electricity to Every Citizen With 60% Clean Energy Mix

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The government has devised a plan to provide electricity to all citizens of the country by 2030, which will be renewable dominant. In this regard, the National Electric and Power Regulatory Authority (NEPRA) has issued a National Electricity Plan to ensure 100 percent energy access for all by 2030. The government, through this National Electricity Plan, has launched Universal National Electrification (UNE) program to enable a 100 percent electrification target by 2030. Every three years, each DISCO, with the support of the respective provincial government, will carry out and update…

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Punjab to receive cheaper gas

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Punjab, the gas-starved province, is set to receive cheaper gas supplies after the Senate on Thursday passed a bill for applying the weighted average cost of gas (Wacog). In addition, the law will help the government to reduce circular debt in the gas sector while the share of liquefied natural gas (LNG) in gas supply will increase. At present, the share of LNG in gas supply stood at 24% in Pakistan despite the fact that different countries use only 5-6% as an ad hoc arrangement. Pakistan State Oil (PSO) and…

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Senate passes OGRA bills in shock govt victory

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The opposition on Thursday suffered a defeat in the Senate despite its numerical majority as the government managed to have three bills passed by the house. During key the legislation, the opposition parties were unable to show their majority as the treasury benches went on to have two amendment bills to the Oil and Gas Regulatory Authority (Ogra) Ordinance passed as well as the Allied Health Professional Council Bill. Before the introduction of the Ogra (Amendment) Bill, 2022 and the Ogra (Second Amendment) Bill, 2022 in the house for their…

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Work begins on world’s largest PV system on a stadium roof

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Around 6,000 solar modules from Meyer Burger will cover almost the entire roof area of the Europa-Park stadium. German football club SC Freiburg has announced that a 2.4MW rooftop solar array is currently under construction on the roof of its Europa-Park stadium. Swiss solar manufacturer Meyer Burger Technology has provided its heterojunction panels for the project, which is claimed to be the world’s largest PV system built on a stadium roof to date. The project was selected in a tender for commercial PV projects recently held by the German federal…

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Surprise Crude Build Fails To Derail The Oil Rally

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Crude oil prices moved slightly higher today after the Energy Information Administration reported a crude oil inventory build of 1.1 million barrels for the week to February 11. This compares with a draw of 4.8 million barrels estimated for the previous week and an estimated 1.076-million-barrel inventory decline for last week as reported by the American Petroleum Institute on Tuesday. In gasoline, the EIA estimated an inventory decline of 1.3 million barrels for the week to February 11, which compared with a draw of 1.6 million barrels for the previous…

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