Category: Highlights

At least five people are believed to be injured after an explosion occurred at Engro Powergen Thar Limited’s (EPTL) coal power plant in Thar on Wednesday. In a statement, Engro said that the explosion occurred at 5pm in the coal conveyor unit of the plant’s 330MW unit 1. The company said that five people were “affected directly” without elaborating further, but said that they were stable and being provided the necessary medical aid. “Immediately the safety and emergency response teams were activated. At this point in time, our foremost priority…

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Scientists from Pakistan and Saudi Arabia have proposed real-time dispatch strategies for automatic generation control for the optimization of wind power and energy storage in electric vehicles. In the study, the performance of the strategies has been assessed and discussed in detail. The research has been published online in the journal  Renewable energy has evolved at a breakneck rate over the past few decades. Wind power especially has seen massive growth in both technological sophistication and installation worldwide over the course of the past decade. The global share of wind…

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European LNG imports reached a record high in January 2022 and could go a little higher if Russian pipeline gas supply falls, or even stops completely. But the best-connected European LNG terminals are already running at high rates, and limits to cross-border pipeline gas capacity would restrict the wider benefit of higher imports into some countries, such as Spain. For LNG to take a much greater structural share of the European gas mix, additional import infrastructure is likely required, such as the renewed plans for German import terminals. Expansion of existing…

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The United States and 30 countries have agreed to release 60m barrels of oil from their strategic reserves to stabilise global energy markets, the US Department of Energy said on Tuesday, as oil prices surged to a seven-year high. The move, ahead of Joe Biden’s State of the Union address to Congress, failed to calm fears about supply disruption from the Ukraine crisis and sanctions against Russia. US stock markets fell sharply even after the news. West Texas Intermediate crude futures, the US oil benchmark, jumped 11.3% to $106.50 a…

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Finance ministry on Monday said an escalated conflict between Russia and Ukraine could keep inflationary and balance of payment pressures in the economy for longer as the crisis would likely further increase energy costs and commodities prices. “The main risk for Pakistan’s economy is that these developments [Russia-Ukraine conflict] may further delay the downward correction in inflation and improvement in the current account balance,” the ministry stated in its monthly economic outlook report. The Ukraine crisis is a considerable risk factor to the otherwise positive outlook for Pakistan’s economy, according…

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