Month: March 2022

The government has so far released funds amounting to Rs1,949.72 million to executeseven ongoing and six new petroleum-related projects under the Public Sector DevelopmentProgramme (PSDP 2021-22) against total allocation of Rs 3,249.54 million.Out of the total disbursement of Rs 1,949.72 million, around Rs313.43 million have been spent on thepetroleum during an eight-month period (July-February) of the current fiscal year to accelerate oil andgas exploration activities and achieving self-sufficiency in the energy sector., according to official dataavailable with APP.As per the PSDP document, funds amounting to Rs1,473.683 million had been earmarked…

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Oil and Gas Regulatory Authority (OGRA) held a public hearing at Lahore on March 30, 2022, at PC Lahore to consider Sui Northern Gas Pipelines Limited (SNGPL)’s petition for Determination of its Estimated Revenue Requirements / prescribed prices for the next fiscal year. The petitioner has projected the average Prescribed Price at Rs920.88/mmbtu for FY 2022-23. The petitioner has also requested Rs1,172.01/mmbtu on account of previous years’ shortfall. Accordingly, the aggregate average prescribed price has been requested at Rs2,074.89 per MMBTU including previous years’ shortfall in the natural gas business.…

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Renewable energy power plants continue to dominate new power capacity additions in the United States. In December, approximately 80% of new power capacity in the country came from renewables, following an even bigger month of November in which the split was 90% for renewables. For the full year, renewables accounted for 83–84% of new power capacity. As you can see in the charts below, solar power has been the leading source of new power capacity in the past year. If you count small solar power projects and large solar power…

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