Category: Highlights

Risen Energy has announced that it has signed a strategic cooperation agreement with ACT Engineering in Pakistan. At the signing ceremony, Mr Muhammad Ahsan, Risen Country Sales Head for Pakistan, stated: “Pakistan has become our main market in Asia since its extraordinary boom in demand over the past few years. The Pakistani government has shown a great interest in renewable energy and continues to support the development of the industry”. “We are delighted to cooperate with ACT Engineering, one of the country’s most professional EPC companies that share the same…

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Islamabad (Khalid Mustafa) Sui gas companies have decided to import 20 thousand metric tons of LPG per month to meet the energy shortage in winter. The price of which will be 780 dollars per metric ton. And it will not include general sales tax. However, if the Jamshoro Joint Venture Limited (JJVL) LPG extraction plant is made operational, it can produce 9,000 metric tonnes of natural gas at a price of $582. If Sui Southern Gas Company’s 57:43 sharing ratio is taken into account, Sui Southern would have received $572 per metric ton…

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ISLAMABAD-Many households and businesses are seeking ways to generate power through their own sources due to the rising costs of electricity. Wind turbines are a terrific method to produce sustainable energy, lower the carbon footprint, and minimise energy costs. Rabia Liaquat, Head of the Department at Energy Systems Engineering, National University of Sciences and Technology (NUST), told WealthPK that compared to conventional wind turbines, the wind turbine developed by NUST is omnidirectional (can catch wind from all directions) and directs the wind flow to a flow duct with double velocity.…

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Amid high energy costs and an impending energy crisis, the government has approved energy and conservation measures preventing the outflow of $1.15 billion per annum. The people of Pakistan are currently paying high electricity prices and yet are suffering from prolonged power outages in addition to circular debt of multi-billion rupees. In their electricity bills, consumers are paying several surcharges in addition to multiple taxes resulting in higher electricity costs. Now, the coalition government has approved energy efficiency measures that will save over one billion dollars annually. The power division…

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President Joe Biden has repeatedly urged U.S. oil companies to step up production in a bid to increase oil supply and ease fuel prices. However, it appears his pleas have been falling on deaf ears considering the dearth of oil and gas exploration–which is, of course, perfectly understandable given his historic hostility toward fossil fuels as well as the very real risk that new drilling won’t pay off over the long term. When the energy crisis hit a nadir two years ago, highly indebted oil and gas companies quickly changed their…

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