Day: April 22, 2022

UK consumers able to track renewable energy hourly under new plans

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Consumers will soon be able to check where their energy is coming from hourly, and get a discount on bills if they use electricity when renewables are in surplus. Under plans by the startup Granular and energy giants including Elexon and National Grid, energy companies will allow UK consumers to track their power source. This could help the country reduce emissions, as it will be easier for people to choose energy companies that are transparent about exactly how much renewable energy they use. Because there are times of day when…

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Build New Dams to Cope with Energy Supply, Demand Gap

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Energy is crucial for socio-economic development, new dams and fully exploitation of renewable energy is the need of the hour to cope with ever increasing energy gap between supply and demand. The consensus was reached at the end of round table conference on “Energy Needs of Pakistan” held here Thursday organised by a steel group of companies. Chairing the conference, Abdul Basit, former President Lahore Chamber of Commerce and Industry and convener Kala Bagh Dam committee, stressed the urgent need for full use of renewable energy resources and construction of…

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Payment demanded to buy coal: CPHGC warns NEPRA of closure of power complex

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China Power Hub Generation Company (Pvt) Ltd (CPHGC) has cautioned the government that it would shut down its complex after middle of next month if substantial payment is not made to purchase coal as inventory is now depleting. This company has conveyed this message to National Electric Power Regulatory Authority (Nepra) and other concerned authorities. The CPHGC is a 1,320 MW CPEC coal-fired power project which is committed to delivering on the promise of propelling growth through energy. The Chief Executive Officer (CEO), CPHGC, in his letter has stated that…

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NTDC’s 80pc grid stations lack fault recording system

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National Transmission & Despatch Company’s (NTDC) near 80 percent power grid stations lack proper event and fault recording mechanism, which results in frequent breakdowns amid long spells of announced and unannounced load-shedding in the country. “Owing to such criminal negligence, power transmission utilities did not have the ability to record, locate, promptly repair and fix responsibility for power breakdowns,” official sources told The News. An alleged major willful negligence has been unearthed in NTDC, wherein 16 power grid stations out of 20 were not equipped with any Event and Fault…

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Pakistan Refinery profit soars over 9-fold in Q3FY22

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Pakistan Refinery Limited (PRL) on Thursday reported a record surge of 931 percent in its net profit for the third quarter of this fiscal on an increase in the sales. In a statement to the Pakistan Stock Exchange (PSX), the company reported a net profit of Rs5.529 billion for the quarter ended March 31, up from Rs536.406 million the previous year. PRL skipped any dividend for the period concerned. Earnings per share came in at Rs8.78/share, compared with Re0.85/share last year. The company said its revenue for the quarter rose…

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