Year: 2022

Could super-sized heat pumps make gas boilers extinct?

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The war in Ukraine has forced a rethink of where we get our energy from as Europe tries to wean itself off Russian gas. But could super-sized heat pumps help to heat thousands of homes and businesses? Two huge schemes are about to be switched on in Gateshead and London – and the hope is they could provide a greener and cheaper source of warmth. “Coal mining was massive in the North East,” says Jim Gillon, walking across a building site in Gateshead. “And where we’re standing there are six…

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PM’s help being sought for recovery: Govts owe Rs111bn to Power Division

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A cash-strapped Power Division has reportedly decided to seek Prime Minister’s help to recover arrears of Rs 111 billion from Federal and Provincial Governments, well informed sources told Business Recorder. The sources said that regarding Rs 20.364 billion arrears of the federal government, Defence Ministry is on top of the list of defaulting federal ministries with arrears of Rs 11.5 billion, followed by Ministry of Interior, which has to pay Rs 3.066 billion. The third highest defaulting ministry is the federal ministry of Water Resources, which has to pay Rs 2.423…

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LCCI for up-gradation of power transmission and distribution system

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The Lahore Chamber of Commerce & Industry has called for an up-to-date power transmission and distribution system to avoid whopping shut-downs in hot summer season. In a statement, the LCCI President Mian Nauman Kabir said that country has witnessed huge power supply suspensions in past that pushed the country into darkness. He said that various small and large scale power projects are expected to be completed and operational in future but policy makers would have to keep in their minds that existing power transmission and distribution system would not be…

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Senate panel asks govt for steps to avert diesel crisis

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The Committee was informed that 26-day stock was available and stock for the next month is also available. The Chairman Senate Committee lamented the fact that PARCO and Attock Oil Refineries do not supply diesel and all the onus is on the Pakistan State Oil (PSO) for diesel supply. Chairman of the Committee Senator Abdul Qadar recommended sharing the burden of PSO for the supply of diesel and taking practical steps to resolve the issue of High Speed Diesel (HSD) shortage in the next harvesting season. The Ministry officials apprised…

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Pakistan’s gasoline, gasoil demand will grow despite energy transition, say PSO chief

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Pakistan’s gasoline consumption growth is expected to hover at close to double digits over the next three years on rising auto sales, while gasoil demand will grow at around half that rate, despite the push toward cleaner fuels, CEO of Pakistan State Oil Syed Muhammad Taha told S&P Global Commodity Insights in an interview. “In the next two to three years, motor gasoline demand is expected to increase by 8% to 10% per annum owing to the significant increase in economic activity,” Taha said.“Moreover, another factor which would keep growth…

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