Day: March 27, 2022

Solar net-metering connections being provided on priority: Nepra

Admin

For quick disposal of solar net metering connection-related applications, we have allowed the respective power distribution companies (Discos) to approve applications seeking connection up to 25 kilowatts, National Electric Power Regulatory Authority (Nepra) Chairman Tausif H. Farooqi said on Saturday. Speaking to the media at the10th Solar Pakistan Exhibition at the Lahore Expo Centre, Mr Farooqi said that despite opposition, Nepra allowed the launch, completion and promotion of solar power projects across the country. We did it in a bid to provide cheap electricity to the people of Pakistan, he…

Read More

Ukraine-Russia crisis is driving countries to explore new ways of pricing oil, Qatar says

Admin

Qatar’s foreign minister has said the conflict in Ukraine, and its geopolitical ramifications, is pushing some countries to explore new ways of pricing oil — not in the dollar. The comments, made Saturday by Mohammed bin Abdulrahman Al-Thani, come after a Wall Street Journal report that Saudi Arabia is in accelerated talks with China to accept yuan instead of dollars for oil that Beijing buys. Speaking to Hadley Gamble at the Doha Forum, Al-Thani said he didn’t expect such a system to be introduced in the near term, but stressed…

Read More

Singapore-based Guvnor backs out from 4 LNG term deliveries

Admin

Singapore-based Guvnor has decided not to honour its contract to deliver four LNG term cargoes to Pakistan, which would force the dollar-starved country to purchase costly LNG from the spot market to fulfill its energy needs. The cargoes were to be delivered in the remaining four months’ tenure of Guvnor’s five-year term agreement ending July 2022. “This is a gigantic blow that will force authorities concerned with no option but to purchase costly LNG cargoes at higher prices currently oscillating in global spot market in the range of $32-38 per…

Read More

Saudi firm to help Pakistan assess Reko Diq gold, copper quantity

Admin
reko-dick1

Balochistan Chief Minister Mir Abdul Qudoos Bizenjo, while defending a recently signed agreement on the Reko Diq copper and gold mining project with a Canadian company, has disclosed that a Saudi Arabian firm would set up a refinery in Gwadar to assess the quantity of minerals extracted from the site. “I have taken all political leaders, parties and public representatives into confidence before signing the Reko Diq project, which will prove a gateway for foreign investment in Balochistan as [Canadian firm] Barrick Gold Corporation will invest $10 billion,” he said during an…

Read More

Coal rush in Thar depleting and poisoning groundwater resources

Admin

Experts have said that Thar’s residents are still forced to consume water from wells contaminated with toxic waste being discharged by coal mining companies, which is in serious violation of the Sindh Environment Protection Act. They said it in a webinar titled ‘Coal-induced Water Woes of Tharis’ held recently by the Alliance for Climate Justice & Clean Energy (ACJCE), a coalition of think tanks and civil society organisations working on energy transition in Pakistan. A short documentary was also screened at the webinar, highlighting the ground reality and magnitude of…

Read More