Meanwhile, many European countries have now considered shifting back to coal utilization as it is still considered one of the cheapest sources of energy production as the region also faces a ban on fuel and gas from the current Russian-Ukraine crisis. Similarly, Italy has also decided to reopen its coal-fired power plants to curb the energy gap due to the interrupted Russian supply. As other European countries follow suit, Germany agreed on providing a relief package to tackle rising energy concerns and has decided to increase its use of coal.…
Read MoreMonth: April 2022
PM Expressed Anger Over Heavy Load Shedding in Country
Prime Minister Mian Shahbaz Sharif has expressed anger over the increase in load shedding in the country and ordered a significant reduction in load shedding by May. The sacrifices of the people of tribal districts will always be remembered in history: PMPML-N Central President and Prime Minister Shahbaz Sharif has issued strict instructions to take steps on emergency basis to reduce the load shedding. He has clearly said that efforts should be made to save the citizens from the inconvenience caused by the carelessness of the previous government and the…
Read MoreExperts Stress Shifting to Coal for Energy Needs
Power sector experts have emphasised upon Pakistan to push harder for utilisation of lignite – an economical alternative to imported furnace oil and RLNG (re-gasified liquefied natural gas) – as it is crucial for the country’s ambition to achieve higher economic growth through industrialisation. Besides industrialisation, provision of electricity to domestic consumers by using local coal reserves could serve the purpose of generating cheap electricity and curbing the ever increasing circular debt in the power sector, they added. They were of the view that the incumbent coalition government, led by…
Read MoreUK consumers able to track renewable energy hourly under new plans
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…
Read MoreBuild New Dams to Cope with Energy Supply, Demand Gap
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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