Year: 2022

China to boost coal output, reserves to ensure power supply – NDRC

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China will boost the production of more modern coal mines and enhance coal reserve capacity, and aims to increase the government-deployable storage to 5% of local consumption, the country’s state economic planner said on Saturday. The National Development and Reform Commission (NDRC) also said in a statement during the annual parliament gathering that it will guarantee coal transportation and further improve coal pricing mechanisms. The promises follow the central government’s approval of hundreds of new coal mining projects and output expansions at existing mines since the second half of 2021 after tight fuel supplies last year…

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Shell defends decision to buy discounted oil from Russia

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Oil major Shell has sought to defend its decision to buy a heavily-discounted consignment of oil from Russia, saying it would commit the profits to a fund dedicated to humanitarian aid for Ukraine. On Friday, Shell purchased 100,000 metric tons of flagship Urals crude from Russia. It was reportedly bought at a record discount, with many firms shunning Russian oil due to Moscow’s unprovoked invasion of its neighbor. The purchase did not violate any Western sanctions. Shell said in a statement late Saturday that it had been in “intense talks…

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Installation of AMI meters in Iesco: Senate panel seeks ADB loan details

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The Senate Standing Committee on Power has sought details of Asian Development Bank (ADB) loan meant to install Advance Metering Infra-structure (AMI) meters in Iesco, after Minister for Science and Technology, Senator Shibli Faraz raised eyebrows on the selection of efficient Discos for the project. At a recent meeting of the Committee, presided over by Senator, Saifullah Abro, Senator Shibli Faraz stated that AMI meters installed in Islamabad Electric Supply Company (Iesco) was the most “flawed formula” by ADB as it was the most efficient Disco in terms of recovery,…

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NEPRA Super League Season 5 held at Islamabad

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The National Electric Power Regulatory Authority (NEPRA) on Thursday to encourage a healthy lifestyle, social interaction and general well-being at work arranged 5th Edition of the NEPRA Super League, an inter-departmental tape ball cricket tournament. The NEPRA arranged outdoor activities for its employees and their families from time to time for healthy life style, said a news release.Apart from the cricket league, a family gala and a number of fun activities were also arranged for NEPRA female employees and families of the employees; in-which all participated with immense enthusiasm. NEPRA…

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Govt wants to boost renewable energy sector: minister

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wind-energy

Punjab Minister for Energy Dr Muhammad Akhtar has said that work is under way on various projects in the province to utilise alternative energy sources in line with international standards to tackle climate change and generate cheap electricity to meet local needs. He was addressing a meeting of the Punjab Power Development Board chaired by him here. The minister said that the PTI government is committed to boosting renewable energy sector for which it had increased the annual budget from five to seven billion rupees. The meeting was also attended…

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