THE FATE OF the UK’s West Burton A power station was supposed to be sealed. It is one of only three remaining coal plants in a country committed to phasing out coal completely by 2024. Last March, the plant’s future was bleak. Its owner, the French power company EDF, announced the site would close for good in September 2022. EDF…
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The build-up of Russian troops on Ukraine’s borders and the subsequent brutal invasion has sent European leaders rushing to find new sources of natural gas to replace at least a significant part of the 155 billion cubic meters of gas that the European Union imported from Russia last year — around 40% of its total consumption. But securing new pipeline…
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The war in Ukraine has forced a rethink of where we get our energy from as Europe tries to wean itself off Russian gas. But could super-sized heat pumps help to heat thousands of homes and businesses? Two huge schemes are about to be switched on in Gateshead and London – and the hope is they could provide a greener…
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A cash-strapped Power Division has reportedly decided to seek Prime Minister’s help to recover arrears of Rs 111 billion from Federal and Provincial Governments, well informed sources told Business Recorder. The sources said that regarding Rs 20.364 billion arrears of the federal government, Defence Ministry is on top of the list of defaulting federal ministries with arrears of Rs 11.5 billion,…
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The Lahore Chamber of Commerce & Industry has called for an up-to-date power transmission and distribution system to avoid whopping shut-downs in hot summer season. In a statement, the LCCI President Mian Nauman Kabir said that country has witnessed huge power supply suspensions in past that pushed the country into darkness. He said that various small and large scale power…
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The Committee was informed that 26-day stock was available and stock for the next month is also available. The Chairman Senate Committee lamented the fact that PARCO and Attock Oil Refineries do not supply diesel and all the onus is on the Pakistan State Oil (PSO) for diesel supply. Chairman of the Committee Senator Abdul Qadar recommended sharing the burden…
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Pakistan’s gasoline consumption growth is expected to hover at close to double digits over the next three years on rising auto sales, while gasoil demand will grow at around half that rate, despite the push toward cleaner fuels, CEO of Pakistan State Oil Syed Muhammad Taha told S&P Global Commodity Insights in an interview. “In the next two to three…
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Bonn, 18 March 2022 (WWEA) – According to preliminary statistics published by WWEA today, the world market for wind turbines reached another record in 2021 with wind turbines with a total capacity of 97,5 Gigawatt installed around the globe, after 92,7 Gigawatt in 2020. The overall capacity of all wind turbines worldwide has now exceeded 840 Gigawatt (after 742,5 Gigawatt…
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The State Bank of Pakistan on Thursday released its First Quarterly Report for FY22 on the State of Pakistan’s Economy. The analysis and economic outlook of the report are based on data for the July-September 2021 period, and were finalized in November 2021, using data available as of then. As such, the report did not incorporate the rebasing of the…
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