Year: 2022

The Power Division has proposed imposition of surcharge at Rs 1.52 per unit on consumers of K-Electric (KE) to recover an amount of Rs 204 billion as pending Quarterly Tariff Adjustments (QTAs) in 12 months, well-informed sources told Business Recorder. According to available details background of the case was discussed by the ECC in its meeting March 26, 2020 and September 21, 2021. The ECC in both the meetings discussed and decided that the Nepra may work out a mechanism to recover the amounts due on account of pending quarterly tariff…

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Minister for Energy made these remarks at the unveiling of report on “Overview of Pakistan’s power sector and its future outlook” and forum on Achievements of CPEC Power Projects. Commending the efforts of the forum he appreciated the timely research initiative as valuable in trying to find a roadmap for steering the country out of this difficult energy situation. The present government is focused on power generation based on domestic sources that are hydel, solar, Thar coal,wind and nuclear. Minister for Energy took the opportunity to highlight CPEC’s significance and…

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UN Secretary-General António Guterres will visit Pakistan on 9-10 September to express solidarity with the Government and people of Pakistan braving a colossal climate-induced natural disaster caused by unprecedented rains and floods across the country. During the visit, Secretary General Guterres will have meetings with the Pakistani leadership and senior officials to exchange views on the national and global response to this catastrophe caused by climate change. The Secretary-General will travel to areas most impacted by the climate catastrophe. He will interact with displaced families and first responders in the…

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Global oil demand from gas-to-oil switching could jump by more than 80% over the next six months after soaring prices for natural gas and LNG push more power producers, refiners and industrial users to burn fuel oil and other liquid fuels, according to estimates by Platts Analytics. Refiners, power producers, and major industries will account for 633,000 b/d incremental liquids demand in the first quarter of 2023, compared to around 350,000 b/d of incremental demand in Q3 2022, Platts Analytics estimated. Day-ahead gas prices across Europe rose on Sept. 6,…

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Indonesia and Pakistan have ample access to sun and wind making these countries uniquely suited to transition to renewable energy. However both of these countries have invested considerably in coal fired energy. These investments and the overall reliance on coal have increased national debt and contributed to high rates of global warming based on carbon dioxide emissions. Pakistan is further confronting a severe energy crisis. This online symposium brings together an internationally recognized panel of experts to discuss the inherent dangers of coal powered energy, the challenges to transitioning to…

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