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…
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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,…
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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…
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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…
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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…
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Following the non-availability of required fuel for power generation and non-maintenance of some important power plants, the power outages that severely hit the masses across the country during the holy month of Ramazan have further increased up to 10-12 hours, making the lives of people miserable even at the time of Iftari and Sehri. “The less production of hydro power…
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Engro Fertilisers reported a 4% decline in profit after tax to Rs5.5 billion for the first quarter (January-March) of calendar year 2022 in the wake of a significant increase in finance cost. According to a notice sent to the Pakistan Stock Exchange, the urea producing firm recorded a profit after tax of Rs5.7 billion in the same period of previous…
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The tender awarded to Pakistan LNG Limited (PLL) for the month of May is quite costly for the country mainly owing to supply-chain disruptions in the international market on the back of Russia-Ukraine war. The firm selected the lowest bid for liquefied natural gas (LNG) cargoes. Out of seven, six contract prices for LNG cargoes were received. The cargoes were…
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The year 2022 will see economic stability, development and public welfare under the leadership of Prime Minister Shehbaz Sharif, Minister of State for Finance Dr Aisha Ghaus Pasha remarked. Talking to a news channel on Wednesday, she underlined that political stability was important and necessary to mobilise Pakistan’s economy. “Once again, Pakistan will make things better on both internal and…
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