Day: January 6, 2023

While presiding over a review meeting regarding the implementation of measures to save energy in the country, the meeting was informed about the progress on the implementation of the solarization project.Prime Minister Shehbaz Sharif was informed on Thursday that the bidding process for the first phase of 1,000 MW solar panels would be started next week. While presiding over a review meeting regarding the implementation of measures to save energy in the country, the meeting was informed about the progress on the implementation of the solarization project. The prime minister…

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The ongoing gas crisis has crippled daily lives in Karachi to the point where residents have been forced to change their routines in accordance with the gas load shedding schedule. Due to the lack of gas the populace of the booming metropolis is being compelled to take showers whenever possible, have meals at odd times, and change their sleeping schedule. Not doing so means that one has to rely entirely on cold water and increase the monthly budget to accommodate eating out. “The gas load shedding has upended my routine.…

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After posting record profits in 2022, oil and gas companies say they’re preparing to ramp up investments in clean energy and new technology this year. Exxon Mobil Corp. has said it will spend about $3.4 billion annually on alternative energy over the next five years, about 15 percent more than its plans last year. Chevron Corp. — the nation’s second-largest oil company — said it will more than double its clean energy spending from last year to $2 billion in 2023. “Our 2023 capex budgets are consistent with our long-term…

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mid a power shortage crisis already engulfing the country, 15 production units of the Tarbela power plant have been shut down – its administration attributing the problem to a reduction in water release from the dam because of the canal cleaning campaign. Only two units of the power station are generating 340 MW of electricity. The problem at Tarbela has aggravated the already precarious power situation in the country.Tarbela Dam is a major source of hydropower generation in the country with an installed capacity of 4,888 MW. According to the…

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Independent Power Producers (IPPs) will inform their six months’ requirement of coal to Thar Coal Energy Board,” NEPRA instructed. “In case of non-availability of required coal, they will be eligible to import it.” The coal will be purchased and sold in Pakistani rupee, power regulator said. “Minimum coal import order will not be lesser than 5,000 tons,” it added. The regulatory authority had earlier asked Prime Minister Shehbaz Sharif to set up a coal authority to deal with coal imports for consumption in coal-fired power plants. According the NEPRA revised…

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