Category: Recent Post

1st Virtual Conference on Solarization of Pakistan will be held on October 07th to discuss more opportunities to produce clean energy from Solar as currently 430MW 6 Solar Projects are operating in the country.The Energy Update in collaboration with Alternative Energy Development Board (AEDB), Ministry Energy Punjab, Pakistan Solar Association, Federation of Pakistan Chamber of Commerce and Industries and Paktunkhuwa Electric Development Organization (PEDO) is organizing the conference to be participated by energy experts from within and outside the country through digital platform.Chief of organizing committee of the summit Naeem…

Read More

Rejecting the construction of the city over twin islands of Dingi and Bhundar, Sindh’s civil society and political parties have announced resistance against the ordinance to constitute Pakistan Islands Development Authority. In this regard, a joint consultative meeting was organized by Pakistan Fisherfolk Forum, Pakistan Institute of Labour Education and Research (PILER), Human Rights Commission of Pakistan, Indigenous Rights Alliance, and Aurat Foundation at a local hotel. Chairman PFF Muhammad Ali Shah, Human Rights Advocate I.A. Rehman, PILER’s Executive Director Karamat Ali, and others addressed the meeting. In this regard,…

Read More

1. Enel – $89.95bn Enel’s 2019 revenues increased by 6.3%, driven by infrastructure and network operations in Latin America, distribution business in Brazil, and thermal generation activities in Italy. Enel added more than 3GW of new renewable capacity in 2019, increasing its total renewable capacity to 42GW and exceeding its thermal generation capacity of 39GW for the first time. The company’s investment decisions in 2019 were impacted due to weak economic conditions created by the trade tensions between the US and China and uncertainty regarding the outcome of the Brexit…

Read More

KARACHI: Overall petroleum products sales in September declined 2 percent on yearly basis to 1.52 million tons, data issued by the Oil Companies Advisory Committee (OCAC) suggests on Friday. “The decline came, as the demand for major retail fuels, ie, motor spirit (MS) and high-speed diesel (HSD) each fell by 8.0 percent on sequential basis,” Ali Zaidi of JS Global Capital said. However, strong furnace oil (FO) demand from the power sector limited the overall monthly decline in petroleum products sales. “September 2020 saw the highest monthly sales in FO…

Read More

Special Assistant to the Prime Minister on Petroleum Nadeem Babar Friday said that the government was working on long term policy to bring reforms in petroleum and energy sectors which were neglected for the last twenty years. He said that the decision of bringing drastic change in these sectors was made in the wake of global climatic change. In an exclusive talk at ptv programme, Nadeem Babar said that running the energy businesses through organizational changes and reduced regulatory role of the government in oil companies were the main features…

Read More