In the latest edition of the Numbers Report, we will take a look at some of the most interesting figures put out this week in the energy and metals sectors. Each week we’ll dig into some data and provide a bit of explanation on what drives the numbers. Let’s take a look. 1. Saudi Arabia Leads OPEC+ by Example •…
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he French electricity grid is at higher risk of strained power supplies in January 2023 than previously estimated due to lower nuclear power generation, France’s power grid operator RTE said in its latest winter preparedness analysis on Friday. Delays in routine maintenance work at France’s nuclear power stations will lead to a slightly lower nuclear availability this winter than expected…
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Cost of power generation in the country went down by three percent in the month of October this financial year, compared to the same month of last fiscal. Tahir Abbas, head of research at Arif Habib Limited said, “The decline in the total power generation cost was mainly triggered by rise in the power generation from hydel, nuclear, wind and…
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Pakistan International Bulk Terminal Limited (PIBT) has expressed willingness to supply Thar coal to 300-MW Gwadar Port through barges/ ships as the government intends to shift imported coal project to local coal, well informed sources told Business Recorder. Pakistan International Bulk Terminal Limited is the only terminal at Port Qasim from where Thar coal can be transported for the coal…
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The Oil and Gas Regulatory Authority (OGRA) found the Sui Northern Gas Pipeline Limited (SNGPL) responsible for a two-year delay in the installation of the LPG air mix plant in Gilgit and misleading the Economic Coordination Committee (ECC) about its progress and has fined it Rs20 million. An official of the regulator told Business Recorder on the condition of anonymity…
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The Economic Coordination Committee (ECC) of Cabinet on Friday allowed the Trading Corporation of Pakistan (TCP) to import 160,000 tonnes of urea from China and Azerbaijan under the government-to-government arrangement (G2G). The ECC meeting, chaired by Finance Minister Ishaq Dar, discussed the summary submitted by the Ministry of Industries and Production for the procurement of 200,000 tonnes of urea to…
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National Forum for Environment & Health (NFEH) in collaboration with the Fire Protection Industry of Pakistan (FPIP) is organizing the 12th Fire Safety & Security Convention on November 23, 2022. Governor Sindh M. Kamran Tessori & Sindh Minister for Local Government Syed Nasir Hussain Shah have been invited as chief guest on the occasion. Engr. Nadeem Ashraf, project head of…
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K-Electric Ltd said on Friday the apex regulator of the corporate sector has directed it not to change the composition of its board of directors “till further orders”. K-Electric’s holding company is Cayman Islands-registered KES Power Ltd, with a shareholding of 66.4 per cent. The government of Pakistan controls 24.36pc shareholding in K-Electric while the rest is owned by institutional…
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The ex-Wapda distribution companies (Discos) on Friday sought an additional fuel cost (FCA) of about 25 paise per unit to generate about Rs2.5 billion in supplementary revenue on account of a higher cost of electricity consumed in October. On the other hand, K-Electric has proposed a reduction in FCA by about Rs1.9 per unit to refund through tariff adjustment of…
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