Month: January 2023

Europe Faces Difficult Years, But Russia Stands To Lose Energy Showdown

Admin

In the European Union this winter, fears of rolling blackouts triggered by Russian energy export cuts amid Moscow’s war in Ukraine have subsided thanks to good luck, good weather, and quick action. A warm start to the heating season in October and November enabled the EU to slash natural gas consumption and store more fuel for the winter months. Meanwhile, slumping Chinese demand due to COVID lockdowns allowed liquefied natural gas (LNG) tankers bound for Asia to be rerouted to the bloc. EU officials also played a role, encouraging countries…

Read More

The Dirty War For Colombia’s Oil

Admin

The Latin American country of Colombia is synonymous with violence, drug cartels and cocaine trafficking after decades of bloody multiparty low level asymmetric conflict. While cocaine, and the vast profits the narcotic generates, has long been recognized as a leading force behind the extreme bloodshed, the civil war is not limited to battling for control of lucrative coca cropping regions and smuggling routes. The rapid growth of Colombia’s petroleum industry provided fertile ground for the proliferation of illegal armed groups. The dirty fight for control of Colombia’s petroleum resources surfaced…

Read More

AJK Minister performs soft launching of 3rd International Solar Clean Energy Conference-2023
Event to be held in June in Karachi

Admin

Azad Jammu and Kashmir Minister for Energy and Water Resource, Chaudhry Arshad Hussain, performed the soft launching of the 3rd International Solar Clean Energy Conference-2023.The AJK Minister appreciated that the organizer of the upcoming conference, the Energy Update, had been constantly organizing conferences and exhibitions to promote indigenous and renewable sources of energy abundantly available in the country.He said the conferences being organized by Energy Update on hydroelectricity, wind, and solar power resource were a step ahead toward the energy independence of Pakistan.Naeem Qureshi, Chairman of the organizing committee of…

Read More

T&D losses reduced: KE’s net profit down 29pc to Rs8.524bn YoY

Admin
Karachi Electric

K-Electric held its 112th Annual General Meeting (AGM) for FY22. The meeting was chaired by Moonis Alvi, Chief Executive Officer, KE who was authorized to chair this meeting by the Chairman of the Board, Mark Skelton. The Chairman and the KE Board members were in attendance on virtual mode, while KE leadership was present in person. The KE’s operational performance shows improvement on the back of sustained investments across the value chain. The company’s transmission and distribution losses declined by 2.2 percentage points, closing at 15.3 percent in FY22 against…

Read More

Rising energy prices major impediment to growth: Nisar

Admin

The year 2022 remained very tough and challenging for the country’s economy on many fronts, as the consistent depreciation of the rupee continued to deepen the economic crisis, suggesting the government to consult with the business community to find a direction towards better economic solutions. FPCCI former president and BMP Chairman Mian Anjum Nisar observed that at the end of the year, economic distress has become a focus, as inflation skyrocketed to over 20% and macroeconomic cues weakened, prompting the State Bank of Pakistan to resort to tools available at…

Read More