Year: 2024

Going green: Lucky Cement completes 28.8MW wind power project

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wind energy

Lucky Cement, one of Pakistan’s largest cement manufacturers, completed and commissioned the 28.8MW captive wind power project at its Karachi plant. The company announced the development in its notice to the Pakistan Stock Exchange (PSX) on Tuesday. “We are pleased to announce the successful completion and commissioning of our 28.8 MW captive wind power project at the company’s Karachi plant, a significant milestone achieved by the company,” stated the notice. Lucky Cement informed the project has been completed within the stipulated timelines and costs and has commenced operations as of…

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Israel-Hezbollah War Live Updates: Lebanon says 13 killed in Israeli strike near south Beirut hospital

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israel hezbolllah war updates

Israel Hezbollah War Live Updates: The Israeli military issued an apology on Monday for a strike that mistakenly killed three Lebanese soldiers in southern Lebanon, explaining that it had not intended to target Lebanon’s military. According to the military, its forces believed they were aiming at a vehicle connected to the Hezbollah militant group. Hezbollah recently declared that it has entered a new phase in its conflict with Israeli forces, following the death of senior Hamas leader Yahya Sinwar during a confrontation with Israeli troops in Gaza. Sinwar was a…

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India Set to Launch Coal Exchange to Stabilize Prices and Improve Supply

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Coal-Russia

NEW DELHI: India is preparing to launch a coal exchange aimed at stabilizing coal prices and enhancing the fuel’s availability, according to Coal Minister G. Kishan Reddy. Speaking at an industry event on Monday, the minister revealed that discussions on establishing the exchange took place last week, though the exact launch date was not disclosed.

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Qatar Faces Challenges in LNG Sales to Japan, South Korea Amid Rising US-UAE Competition

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Qatar-Energy

DOHA: Qatar’s efforts to secure new liquefied natural gas (LNG) contracts with Japan and South Korea have hit obstacles as increased competition from the United States, the UAE, and Oman offers buyers more flexible contract terms. Qatar, once the dominant LNG supplier to these key Asian markets, faces resistance due to its insistence on restrictive destination clauses, while competitors provide shorter-term contracts with no destination limits. This flexibility allows buyers to resell cargoes if needed, making US and UAE supplies more attractive. With Qatar’s major LNG deals with Korea Gas…

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Pakistan’s Urban Population to Reach 40% by 2030: ADB Report

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Urban-Population

ISLAMABAD: Pakistan’s urban population is projected to soar to 99 million, or 40% of the total population, by 2030, intensifying existing challenges in urban infrastructure and services, according to Emma Fan, Country Director of the Asian Development Bank (ADB) for Pakistan. Speaking at the launch of the National Urban Assessment of Pakistan, Fan highlighted the growing strain on cities, especially provincial capitals, which host a disproportionate share of the urban population. The ADB-backed projects, including PICIIP, KPCIP, and DREAMS, aim to improve urban service delivery, focusing on climate-resilient infrastructure and…

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