Category: Shortcode

The K-3 unit of the Karachi Nuclear Power Project in Pakistan, the fourth entity to use a China-designed third-generation nuclear reactor, has been successfully connected to the grid, laying solid foundations for commercial operation. All four of the units adopting China’s Hualong One nuclear reactor now connected to the grid are generating electricity, Global Times reported while quoting China National Nuclear Corp (CNNC) statement. Each Hualong One unit is expected to generate nearly 10 billion kWh of electricity annually after being completed, which can meet the annual electricity demand of more…

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Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance and Former Provincial Minister Mian Zahid Hussain on Monday said rising oil prices are affecting energy security, food security, and global GDP. Inflation and poverty are on the rise across the globe while the global economy is heading for a recession which will hit billions of people, he said. Mian Zahid Hussain said that the European Union’s desire to end its dependence on Russian oil and gas is a dream that has nothing…

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Oil buyers racing to replace Russia’ taboo crude are paying record premiums for barrels that can be delivered now rather than later, reflecting worries about adequate near-term fuel supplies and expectations that high prices will reduce consumption and encourage drilling. Prices for April deliveries of crude have shot up since Russia invaded Ukraine and buyers began shunning the aggressor’s oil exports. The main U.S. price last week topped $110 a barrel for the first time in more than a decade and in off-hours trading late Sunday, they burst above $130…

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The Senate Standing Committee on Power has sought details of Asian Development Bank (ADB) loan meant to install Advance Metering Infra-structure (AMI) meters in Iesco, after Minister for Science and Technology, Senator Shibli Faraz raised eyebrows on the selection of efficient Discos for the project. At a recent meeting of the Committee, presided over by Senator, Saifullah Abro, Senator Shibli Faraz stated that AMI meters installed in Islamabad Electric Supply Company (Iesco) was the most “flawed formula” by ADB as it was the most efficient Disco in terms of recovery,…

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The National Electric Power Regulatory Authority (NEPRA) on Thursday to encourage a healthy lifestyle, social interaction and general well-being at work arranged 5th Edition of the NEPRA Super League, an inter-departmental tape ball cricket tournament. The NEPRA arranged outdoor activities for its employees and their families from time to time for healthy life style, said a news release.Apart from the cricket league, a family gala and a number of fun activities were also arranged for NEPRA female employees and families of the employees; in-which all participated with immense enthusiasm. NEPRA…

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