Category: Shortcode

A leading state-owned Chinese firm has expressed concern over delay in payment and asked the Ministry of Energy (power division) to release Rs12.35 billion as Transmission Service Payment (TSP) related to 660kV Matiari-Lahore High Voltage Direct Current (HVDC) Transmission Line for September 2021 to February 2022. The China Electric Power Equipment and Technology Co Ltd (CET) / State Grid Corporation of China (SGCC) registered in Pakistan as Pak Matiari-Lahore Transmission Company Private Limited (PMLTC) has also quoted the Chinese government and the embassy as expressing their concern at the issue…

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Pakistan has successfully connected its second 1,100 megawatt (MW) nuclear power plant unit to the national power grid which will provide clean and affordable electricity to millions. Pakistan Atomic Energy Commission (PAEC) confirmed that it connected the K-3 unit of the Karachi nuclear power plant (KANUPP) to the national grid. “The plant has been connected to the grid on a testing basis and is expected to be inaugurated soon after attaining full power.” The plant had achieved criticality on February 21. The K-3 unit “will generate nearly 10 billion kWh…

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ne of the programs of the Energy Ministry in the current fiscal year (started March 20) is to use gas condensates for gas turbines in power plants, Energy Minister Reza Ardakanian said in a video conference with the provincial power officials on Monday. The advantages of using gas condensates in turbines instead of natural gas is that it has lower emissions and is more environmentally-friendly, Mehr News Agency reported. A lean, premixed, pre-vaporized (LPP) combustion technology has been developed that converts liquid fuels into a substitute for natural gas. This…

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Iran and the United States must take a political decision within days to prevent the failure of indirect talks on reviving the 2015 nuclear deal after 11 months of negotiations rocked by a last-minute Russian demand of a sanctions exemption. The European Union’s top envoy Enrique Mora, who coordinates the talks, tweeted: “Just to clarify. There are no longer ‘expert level talks.’ Nor ‘formal meetings.’ It is time, in the next few days, for political decisions to end the #ViennaTalks. The rest is noise.” Mora’s Twitter post followed the departure…

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Crude oil prices fell to their lows of the day and European natural gas prices retreated after German Chancellor Olaf Scholz said that Europe’s largest economy has no option but to keep buying Russian oil and gas. “At the moment, the supply of energy for heating, for mobility, for electricity generation and for industry cannot be secured any other way,” Scholz said in a press statement confirming that Germany will continue to transact with Russian energy companies.  Prices for crude oil had hit their highest since 2008 while benchmark European…

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