RWE and the United Arab Emirates’ (UAE) state-owned ADNOC agreed to a multi-year supply contract for liquefied natural gas starting in 2023, the firms disclosed. As a part of that memorandum of understanding (MOU), ADNOC is expected to ship a 137,000 cubic meter LNG cargo to Germany which should arrive in the last weeks of the year. The cargo could…
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The UN has warned that people living near oil fields, where gas is openly burned, face heightened risks of leukaemia, and that it has classified such areas as “modern sacrifice zones.”Singling out sites in Iraq for gas flaring — a process of burning gas released by oil drilling that produces cancer-linked pollutants including CO2, methane and black soot — the…
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Explainer: How worried should we be about Pakistan’s economy? Sept 30 (Reuters) – Concerns are rising again over the health of Pakistan’s economy as foreign reserves run low, the local currency weakens and inflation stands at decades-high levels despite the resumption of an International Monetary Fund funding programme in August. The IMF programme was meant to stabilise an economy that…
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Earlier this week, the Public Accounts Committee of the National Assembly of Pakistan was told that a paltry sum of Rs7 billion has been recovered against the outstanding Gas Infrastructure Development Cess (GIDC) of Rs459 billion. In times of tight fiscal constraints, there is not enough money for requisite gas infrastructure. However, the matter of collecting long pending GIDC amount…
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Addressing his maiden press conference after assuming the charge, the finance minister also announced the extension in income tax returns filing till October 31. The government last revised fuel prices on September 21 when it announced an increase of Rs1.45 per litre in the price of petrol. The high-speed diesel (HSD) price was kept unchanged by adjusting the petroleum levy…
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The world’s largest flow battery has opened, using a newer technology to store power. The Dalian Flow Battery Energy Storage Peak-shaving Power Station, in Dalian in northeast China, has just been connected to the grid, and will be operating by mid-October. The vanadium flow battery currently has a capacity of 100 MW/400 MWh, which will eventually be expanded to 200…
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A coal-fired, mine-mouth power plant of 330 megawatts owned by Thar Energy Ltd — which is a subsidiary of the Hub Power Company Ltd (Hubco) with a 60 per cent shareholding — has been commissioned as its commercial operations date will take effect Oct 1 (today), a regulatory filing showed on Friday. Speaking to Dawn, AKD Securities energy analyst Taimur Afzal…
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The National Electric Power Regulatory Authority (Nepra) has asked the government to end taxes on electricity and take steps to minimise high losses, low recoveries and centralised control of power companies to improve governance. In its State of Industry Report 2021-22 submitted to the Council of Common Interests (CCI) and the government on Friday, the power sector regulator pointed out…
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With the increase in the electricity tariff and inflation rates in Pakistan. Globally leading inverter manufacturer Growatt New Energy introduces its new C&Iproduct for the Pakistani market. According to the company, the equipment is intended for Industrial and Commercial applications. The MAX 100-125KTL3-X is now available in the Pakistani market.Considering all market trends Growatt designed this inverter in which the…
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