Year: 2022

Europe’s energy crisis has cooled efforts to lower the carbon intensity of liquefied natural gas (LNG) shipments, as buyers worried about a winter supply crunch prioritise securing shipments of any kind over burnishing their green credentials. Natural gas can be certified as low- or no-carbon if its producers can prove they have reduced greenhouse gas emissions associated with getting it to market, or if they purchase carbon offsets to cut its net climate impact. But the number of deals to ship carbon-neutral LNG around the world has dropped to less…

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The government has notified an all-inclusive fixed and subsidised electricity rate of Rs19.99 per unit for five export sectors for nine months beginning Oct 1 to facilitate exporters to compete with regional peers. All distribution companies including K-Electric “are advised to provide electricity at the rate of Rs19.99/kWh all-inclusive to the five export-oriented industries — textiles, leather, carpet, surgical and sports goods — from Oct 1 to June 30, 2023,” reads a notification issued by Power Division of the Ministry of Energy (PDME) on Thursday. The notification said the Economic…

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The delegation was headed by Mr. Jake Levine, chief climate officer. Mr. Naz El-Khatib, deputy cheif of staff policy was also in company. DFC has an investment portfolio of 450 million dollars in Pakistan. Considerable portion of the investment being in renewables. Minister for power apprised the delegation about the solar projects of the present government. The future policy outlook is based on the plans that all new electricity generation will be based on indigenous resources, remarked the minister. The policy aims to reduce the import of fuel and conservation…

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In an opaquely worded notification issued on the Pakistan Stock Exchange, K-Electric Ltd said on Thursday “changes have been consummated” involving IGCF General Partner Ltd (IGCF GP), a fund manager, and the Infrastructure and Growth Capital Fund L.P. (Fund), which owns the fund’s assets. Analysts interpreted the dense text of the regulatory filing as an acknowledgement of the transfer of K-Electric’s major shareholding to Sage Venture Group Ltd, a British Virgin Islands–registered special purpose company wholly owned by AsiaPak Investments Ltd. K-Electric’s holding company is Cayman Islands-registered KES Power Ltd,…

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