Year: 2022

UK to build 7 new nuclear power stations by 2050 — NRG matters

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Instability in the energy sector as a result of skyrocketing prices was exacerbated by Russia’s invasion of Ukraine. Not only is the UK planning to revamp the way it generates electricity, but also it is looking to construct new nuclear power stations to secure independence from Russia and ease the pain on consumers. China is considering buying shunned Russian fuel to take advantage of affordable prices. Through a micro lens, car makers are taking steps and measures in line with the global electric vehicle push. China is considering buying shunned…

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Germany takes control of Gazprom unit to ensure energy supply

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Germany will temporarily take control of a unit of Gazprom PJSC in the country as it seeks to safeguard security of gas supply. Gazprom Germania GmbH — owner of energy supplier Wingas GmbH and a gas storage firm — will come under the trusteeship of the German energy regulator until Sept. 30, Economy Minister Robert Habeck told reporters in Berlin. That means the Federal Network Agency will assume the role of a shareholder and can take all necessary measures to ensure security of supply, he said. The government won’t ultimately…

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MOU SIGNED BETWEEN OGDCL AND GOVERNMENT OF KHYBER PAKHTUNKHWA FOR CONSTRUCTION OF DAM

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An MOU between Oil & Gas Development Company Limited (OGDCL), Energy & Power Department, Irrigation Department and Public Health Engineering Department of Khyber Pakhtunkhwa has been inked to construct a Dam for Nashpa Greater Water Supply Scheme (NGWSS) in District Karak, KPK. Large population of Nashpa block had been facing acute shortage of drinking water, as there was neither ground water potential to feed them with deep wells/tubes wells nor they had any perennial spring/source to be developed to establish a water supply scheme to meet the drinking water requirements…

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FCA adjustment for Feb: NEPRA approves Rs1.29 hike for K-Electric

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National Electric Power Regulatory Authority (Nepra) on Monday gave its assent to increase K-Electric (KE) tariff by Rs 1.29 per unit for February 2022 under monthly Fuel Charges Adjustment (FCA) mechanism. This was the crux of the public hearing conducted by Chairman Nepra, Tauseef H Farooqi, Member Sindh, Rafique Ahmad Shaikh and Member KP, Maqsood Anwar Khan. The KE team led by Director Finance, Ayaz Jaffar presented the case. KE, in its tariff adjustment request, had sought an increase of Rs3.45 per unit for February 2022 under FCA on the…

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UN report on climate crisis confirms the world already has solutions — but politics are getting in the way

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The world is careening toward levels of global warming that will have irreversible impacts, a new landmark report says, but we already have the solutions — the only thing preventing us from taking advantage of them is political will and status-quo interests in fossil fuels. The third and final installment of the sixth UN Intergovernmental Panel on Climate Change report, published Monday, shows how renewable energy sources like wind and solar are now economically viable and becoming cheaper by the day. But while the focus on solutions give the report…

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