Author: Admin

Chinese IPPs Intensify Pressure for Payment of Dues Ahead of PM Shehbaz Sharif’s China Visit

Admin
Power-control

ISLAMABAD: As Prime Minister Shehbaz Sharif embarks on a four-day official visit to China, Chinese power generation and transmission companies are intensifying their demands for the payment of overdue amounts. The Central Power Purchasing Agency–Guaranteed (CPPA-G) recently paid Rs 70 billion to Chinese Independent Power Producers (IPPs) and plans another installment soon, aiming to clear substantial dues before June 30, 2024. The outstanding dues for CPEC power projects total approximately Rs 550 billion. This issue was a focal point during recent visits to Beijing by Deputy Prime Minister Ishaq Dar…

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OPEC+ Extends Deep Oil Cuts into 2025 Amid Market Concerns

Admin
OPEC-Project

LONDON/DUBAI: In a move to stabilize the oil market, OPEC+ has decided to extend its substantial oil output cuts well into 2025. This decision, announced on Sunday, comes amid concerns over sluggish demand growth, particularly from top oil importer China, high interest rates, and increasing competition from U.S. production. Recently, Brent crude oil prices have hovered around $80 per barrel, a figure lower than many OPEC+ members require to balance their budgets. Factors contributing to this price include slow demand growth in China and rising oil stocks in developed economies.…

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World’s Largest Solar Farm Goes Online in China’s Xinjiang

Admin
solar-panel

BEIJING: The world’s biggest solar plant, a 5-gigawatt (GW) facility spanning 200,000 acres in northwestern Xinjiang, has been successfully connected to the grid. This monumental project, located in the desert area of Urumqi, the capital of Xinjiang, was developed by the Power Construction Corp of China and was announced operational on Monday by the Chinese state asset regulator. This vast solar farm is set to generate approximately 6.09 billion kilowatt hours (kWh) of electricity annually, enough to power Papua New Guinea for an entire year. Previously, the largest operational solar…

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Methane Gas Kills 11 in Balochistan Coal Mine Tragedy

Admin
coal

QUETTA: Tragedy struck in the Sanjdi area, about 50 km from Quetta, as at least 11 individuals died from methane gas inhalation inside a coal mine on Monday. The victims included nine coal miners, a coal company manager, and a contractor. The incident occurred approximately 1,500 feet deep inside the mine when methane gas erupted and rapidly spread, rendering all the workers unconscious. Abdul Ghani Shahwani, Chief Inspector of Mines in Balochistan, reported that the workers, along with a contractor and manager, entered the mine at around 5 PM. After…

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KE Seeks Additional Fuel Cost Adjustment Amid National Tariff Hikes

Admin
Nepra-Price

ISLAMABAD: On Monday, the National Electric Power Regulatory Authority (NEPRA) announced an additional Rs1.90 per unit cost to consumers nationwide for June, with further increases of 93 paise each for July and August. Concurrently, K-Electric (KE) has filed another fuel cost adjustment (FCA) claim for April, adding to its existing Rs18.6 per unit petition for the past nine months. In its recent submission to NEPRA, KE has proposed three different FCA scenarios for April. Two scenarios suggest a reduction of 74 paise to Rs1.18 per unit, while the third indicates…

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