Day: November 27, 2022

Europe’s Wind Energy Industry Has Hit A Rough Patch

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Why isn’t wind power going gangbusters? In Europe, the energy crisis is causing solar power growth to break record after record. In the United States, the Inflation Reduction Act has provided major incentives to the renewable energy sector. For the last two weeks, the world’s preeminent energy and environmental experts have reemphasized the extreme urgency of decarbonization at COP27. And yet wind power has yet to enjoy the windfall. In fact, across Europe, major wind turbine makers are reporting massive losses and laying off swaths of employees. Just this month, Denmark-based Vestas Wind…

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Will The World See A U-turn In Nuclear Energy?

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As seen in data by the World Nuclear Industry Status Report, most nuclear energy programs were started in the 1970s, a fact that reflects in the age of nuclear reactors today. Despite some nuclear programs having ended (and many more scheduled for phase-out), the number of nuclear programs in the world has plateaued for many decades as some nations still take up the technology, most recently the United Arab Emirates and Belarus in 2020. Poland at the end of October announced that it is looking to start using nuclear energy…

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Lack of planning harms LNG supply chain

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Deficiencies in the legal structure and infrastructure and lack of strategic planning have marred the liquefied natural gas (LNG) supply chain in Pakistan. Analysing the LNG framework and its supply chain, auditors have pointed out several deficiencies like lack of a proper structural and legal framework and proper planning, which harm LNG business. They said that it resulted in a circular debt of billions of rupees, which had trapped state-run utilities. In its report for financial year 2021-22, the Auditor General of Pakistan said that gas utilities were helping in…

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Energy conservation: stern measures on the cards

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The Government is likely to impose excise duties on inefficient fans and bulbs, fix timings for shops, and marriage halls, encourage E-bikes, adding conical baffles in gas geysers and encourage carpooling as measures to conserve energy. The decision was taken at a meeting of a Committee headed by the Minister of Defence, Khawaja Asif which was attended by Minister for Power, Khurram Dastgir Khan, Minister for Law and other concerned officials. Minister for Defence, in his opening remark, said that the country is facing energy issues. Gas and electricity, both…

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Dar’s directive for reviving Reko Diq before Dec 15

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Finance Minister Ishaq Dar on Saturday directed all relevant departments for early completion of the remaining steps to ensure the revival of the multi-billion-dollar Reko Diq project before the Dec 15 deadline. The apex committee on the Reko Diq project chaired by Finance Minister Ishaq Dar reviewed the progress on the implementation of agreed steps so far for the completion of the Reko Diq arrangement as agreed. An official announcement said Mr Dar highlighted the importance of early completion of the remaining steps under the agreed arrangement and stressed to…

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