Category: Highlights

The Biden Administration’s ambitious plans to scale up renewable energy in the U.S. will have a wider impact on the energy landscape in the middle East, especially in the Arabian Gulf, according to the top official of a global body, experts and major industry players in the region. Talking to Emirates news Agency (WAM) about Biden’s plan to make the U.S. a 100 percent clean energy economy with net-zero emissions by 2050, Francesco La Camera, Director-General of International Renewable Energy Agency (IRENA), said such efforts are likely to encourage “incredible…

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Ministry of Energy (Power Division) has appointed Engr. Muhammad Ayub as Managing Director National Transmission and Despatch Company (NTDC) as stopgap arrangement. The board of Director NTDC has recently promoted him as Deputy Managing Director Planning and Engineering (P&E), said a press release. The spokesman of NTDC has said that Engr. Muhammad Ayub did his Master of Engineering (Power System) from University of Technology Lahore. He also holds Master Degree in Public Administration from Virtual University Islamabad. Muhammad Ayub enjoys more than 36 years of local and international engineering experience…

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The briefing highlighted that increased use of CNG in the transport sector, including long route vehicles and buses, would lead to reduction of fuel cost and subsequently transport fares could drop by about 33 per cent, benefiting the commuters. “The import of LNG by private sector will eventually benefit the whole chain in the CNG sector from the sellers to vehicle owners,” Mr Paracha said. The briefing highlighted that increased use of CNG in the transport sector, including long route vehicles and buses, would lead to reduction of fuel cost…

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ISLAMABAD: Federal Minister for Energy, Hammad Azhar said on Thursday that Pakistan was moving towards electrification of mass transit as a consequence of EV policy approved by the federal government last year in December, ARY News reported. Taking to Twitter, the federal minister Hammad Azhar said that BYD, the largest global electric bus manufacturer along with a Pakistani company will manufacture electric vehicles in Pakistan under the new agreement. “BYD, the largest global electric bus manufacturer along with Sapphire group have joined hands to develop market development & manufacturing of…

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The IEA made headlines today when it suggested that there should be no new oil and gas investments after 2021… If that were to happen – with a supply crunch already looming – the oil traders at OPC Markets would have a great time. Chart of the Week –    U.S. residential energy consumption declined by 4% in 2020, despite people spending more time at home during the pandemic. –    Relatively warmer weather reduced heating needs during winter months, offsetting the 2 percent increase in electricity sales. –    Space-heating and water-heating are usually the…

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