Category: Shortcode

Addressing his maiden press conference after assuming the charge, the finance minister also announced the extension in income tax returns filing till October 31. The government last revised fuel prices on September 21 when it announced an increase of Rs1.45 per litre in the price of petrol. The high-speed diesel (HSD) price was kept unchanged by adjusting the petroleum levy (PL) and other margins on petroleum products with effect from September 21 till 30th. On September 2, the federal government jacked up the rate of petroleum levy (PL) on petrol…

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The world’s largest flow battery has opened, using a newer technology to store power. The Dalian Flow Battery Energy Storage Peak-shaving Power Station, in Dalian in northeast China, has just been connected to the grid, and will be operating by mid-October. The vanadium flow battery currently has a capacity of 100 MW/400 MWh, which will eventually be expanded to 200 MW/800 MWh.According to the Chinese Academy of Sciences, who helped develop the project, it can supply enough electricity to meet the daily demands of 200,000 residents. It will be used…

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 A coal-fired, mine-mouth power plant of 330 megawatts owned by Thar Energy Ltd — which is a subsidiary of the Hub Power Company Ltd (Hubco) with a 60 per cent shareholding — has been commissioned as its commercial operations date will take effect Oct 1 (today), a regulatory filing showed on Friday. Speaking to Dawn, AKD Securities energy analyst Taimur Afzal said the commissioning of Thar Energy Ltd plant will be followed by the commissioning of another 330MW mine-mouth, lignite-fired power plant in December by ThalNova Power Thar Ltd, a Hubco…

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The National Electric Power Regulatory Authority (Nepra) has asked the government to end taxes on electricity and take steps to minimise high losses, low recoveries and centralised control of power companies to improve governance. In its State of Industry Report 2021-22 submitted to the Council of Common Interests (CCI) and the government on Friday, the power sector regulator pointed out a series of deficiencies in management, financial, technical and governance across the generation, transmission and distribution systems of power sector including K-Electric and said violation of merit orders, misuse of…

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After months of conflict in Ukraine, and an increasing movement away from Russian energy by several world powers, some countries have made it clear that they are not willing to cut ties with Putin when it comes to energy. With Europe and North America turning away from Russian oil and gas, it has made Russian energy prices highly competitive at a time when the world is battling with rising consumer and energy costs. This has led China, India and several other powers to develop their trade relations with Russia even…

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