Author: Admin

Thar Coal Power: Cheaper Than Hydropower, Says SSRL CEO

Admin
Thar-coal

KARACHI:* Power generation from Thar’s Block-1 is significantly more cost-effective than hydropower, with a production cost of just *Rs5.52 per unit, stated *Sino Sindh Resources Pvt Ltd (SSRL) CEO Li Jigen during a public hearing held by the Thar Coal and Energy Board (TCEB) on Thursday. The hearing, conducted by *TCEB Managing Director Tariq Ali Shah, **Presiding Officer Ammar Habib Khan (Member Finance/Power), and **Dr. Fahad Irfan Siddiqui (Member Mining Thar Coal Tariff Determination Committee), focused on SSRL’s petition for determining the *commercial operations date (COD) stage tariff for its…

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PCMA Chairman Chinoy Condemns Proposed Cuts in Net Metering Rates for Solar Electricity

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solar-electricity

Karachi: Chairman of the Pakistan Chemicals & Manufacturers Association (PCMA), Ahmed Chinoy H.I, S.I, strongly condemns the proposed reductions in net metering rates for solar electricity in Pakistan. This move poses a serious setback to the nation’s clean energy transition, undermining progress in solar adoption among households and businesses while threatening energy security, environmental sustainability, and economic viability for thousands of consumers. Net metering has played a crucial role in empowering consumers to generate their own clean electricity and contribute surplus power to the national grid, reducing dependence on costly…

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Thar coal: TCEB holds public hearing on SSRL’s tariff plea

Admin
natural gas prices

DOHA: Qatar began supplying Syria with gas via Jordan, state media in the gas-rich country reported Thursday, as Damascus’s new leadership seeks economic relief for the war-torn country long prone to power cuts. “Qatar has started today providing… natural gas supplies to the Syrian Arab Republic through the territories of the Hashemite Kingdom of Jordan,” the Qatar News Agency (QNA) reported. The new authorities in Damascus, who seized power from longtime ruler Bashar al-Assad in December, have sought to rebuild the country’s infrastructure and economy after almost 14 years of…

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Qatar cuts May term price for al-Shaheen oil, sources say

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qatar energy

SINGAPORE: QatarEnergy has lowered the May term price for al-Shaheen crude oil to $1.29 a barrel above Dubai quotes after selling five cargoes via its monthly tender, trade sources said on Friday. The drop in premiums followed similar falls in Middle East crude benchmarks Dubai and Oman amid ample supply and lower demand in Asia during the refinery maintenance season. The producer sold four cargoes to Vitol at a premium of $1.17 a barrel above Dubai quotes and the remaining cargo to China’s CNOOC at a premium of $1.30 a…

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Oil prices set to end week stable as investors mull path to Ukraine ceasefire

Admin
Oil falls

NEW YORK: Oil prices rebounded on Friday after a more than 1% loss in the previous session as investors weighed the diminishing prospects of a quick end to the Ukraine war that could bring back more Russian energy supplies to Western markets. Brent crude futures were up 73 cents, or 1.04 %, to $70.61 a barrel at 1:18 p.m. EDT (1718 GMT), after settling 1.5% lower in the previous session. U.S. West Texas Intermediate crude was at $67.27 a barrel, up 72 cents, or 1.08%, after closing down 1.7% on…

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