Category: News & Announcement

The new research, released today, shows that nearly $640 billion of investment in coal power capacity worldwide is at risk because it is less expensive to generate electricity from wind and solar power, as Reuters reported. The report also found that more than 60 percent of global coal power plants are generating electricity at a higher cost than it could be produced by building new renewables. The researchers found that by 2030, at the latest, it will be cheaper to build new wind or solar capacity than continue operating with coal, according to…

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ISLAMABAD: The government is considering hiring international third-party auditors to end an ongoing controversy between the Power Division and the regulator over the size of circular debt. Informed sources said the International Monetary Fund (IMF) is engaged with the Power Division on a regular basis to get clarity on questions raised by the National Electric Power Regulatory Authority over the power sector financials given the fact that power sector performance was at the centre of the $6 billion Extended Fund Facility. Therefore, the role of third-party examination of power sector…

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The International Energy Agency (IEA)  says wind and solar energy need to play a much greater role in order for countries to meet sustainability goals, but it is extremely difficult to envisage them doing so without help from nuclear power. Nuclear power today makes a significant contribution to electricity generation, providing 10% of global electricity supply in 2018. In advanced economies, nuclear power accounts for 18% of generation and is the largest low-carbon source of electricity. However, its share of global electricity supply has been declining in recent years. The IEA’s…

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Oil’s rout may have been an unexpected boon for the biggest buyers of liquefied natural gas, but its knock-on effects may come back to bite them. That’s because more than a dozen proposed LNG export projects from the U.S. to Mozambique are at risk of being delayed or scrapped as crude careened to levels that make most of them unprofitable. If fewer of them come to fruition, that would ease a widening LNG supply glut later this decade and potentially lift prices amid breakneck demand growth in Asia. The multibillion-dollar export terminals…

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Mari Petroleum Company Limited (MPCL) successfully hosted the first ever national risk management conference in Pakistan. There, they also launched IRM Pakistan Regional Group, which is the first formal risk management group at a national level in Pakistan. The idea is to shed light on and promote the practice of corporate risk management on a larger scale.News Desk -March 13, 2020 On the 10th of March in Islamabad, Mari Petroleum Company Limited (MPCL) organized a conference to launch the Institute of Risk Management’s (IRM) Regional Group, where President Dr. Arif-ur-Rahman Alvi…

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