Category: Recent Post

The price of coal used in China’s power plants has surged to a new record high as another of the country’s key mining regions is hit by flooding. Heavy rains hit Shanxi in recent days, the country’s biggest coal producing province, after record floods struck the mining region of Henan in July. Thermal coal on the Zhengzhou Commodity Exchange rose by over 10% on Tuesday. The floods further complicate China’s efforts to increase fuel supplies to ease its deepening energy crisis. Shanxi Province, which produced around a third of China’s…

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India is facing a looming power crisis, as stocks of coal in power plants have fallen to unprecedentedly low levels and states are warning of power blackouts. States across India have issued panicked warnings that coal supplies to thermal power plants, which convert heat from coal to electricity, are running perilously low. A worker monitors coal being carried along conveyor ramps at a coalmine near Ordos in northern China’s Inner Mongolia autonomous region.China orders coalmines to raise production to address power crunchRead moreAccording to data from the Central Electricity Authority…

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On September 14, the company won the bid for the Qasim Energas LNG terminal project in Pakistan. The project owner is Energas Terminal Company, with a construction period of 18 months. 　　The main construction content of the project includes the design, procurement and construction of a butterfly-shaped pier structure capable of berthing a 174,000 m3 floating gasification vessel (FSRU) and a 266,000 m3 liquefied natural gas carrier (LNGC-QMax) at the same time. Fanggang pond dredging, about 9 kilometers of gas pipeline (including 3 kilometers of underwater horizontal directional crossing section, 1…

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The  Advisor for Commerce and Investment to the Prime Minister Imran Khan, Abdul Razak Dawood, visited Careem’s headquarters, Dubai in his visit to the Expo 2020. The Advisor met senior leadership of Careem including: Mudassir Sheikha, CEO and Co-founder of Careem, Colin Judd, Senior Director Corporate Affairs and Fatima Akhtar, Director Government Relations Pakistan. The meeting consisted of having an in-depth discussion on how Pakistan has evolved as an investment hub over the last few years. The team at Careem also enlightened the Advisor with their journey of creating a…

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The State Bank of Pakistan (SBP) has relaxed conditions for renewable energy solution providers under its Refinance Scheme for Renewable Energy. According to a statement issued by the central bank on Monday, the move is aimed at promoting investment in renewable energy solutions by companies. “Now, all renewable energy investment entities (REIEs), interested in installing renewable energy projects/ solutions, are allowed to avail financing under category-III of the scheme,” the SBP said. It elaborated that a renewable energy investment entity is a business enterprise (including vendors and suppliers) involved in…

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