energy
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Slight dip in shortfall as energy crunch persists | The Express Tribune
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[ad_1] ISLAMABAD: Amid the government’s efforts to plug the power shortfall, a slight reduction in the deficit witnessed on Saturday nonetheless fell short of meeting the leap in demand as sweltering heatwave swept across the country. The total shortfall which was hovering between 7,000 and 8,500 megawatts for days slumped to 7,700MW — a ‘silver…
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Industry appeals to leadership for cut in energy tariff | The Express Tribune
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[ad_1] KARACHI: Businessmen have appealed the newly elected Prime Minister Shahbaz Sharif to reduce electricity tariffs in a bid to aid the industrial sector. “The unnecessary increase in electricity tariffs by the previous government has directly affected the industries,” said Korangi Association of Trade and Industry (KATI) Acting President Farrukh Qandhari in a statement on…
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WB wants end to ‘unsustainable’ energy subsidies | The Express Tribune
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[ad_1] ISLAMABAD: The World Bank has made improved economic growth projections for Pakistan but sees deterioration in the external debt repayment capacity and called for urgent measures to avoid risks of running large fiscal and current account deficits. The Washington-based lender also asked Pakistan to immediately withdraw energy subsidies, terming these “unsustainable and ineffective”. The…
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Govt probes mega energy projects | The Express Tribune
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[ad_1] ISLAMABAD: After failing to comply with recommendations of the Environmental Protection Agency (EPA) while completing the multibillion-rupee Neelum-Jhelum hydropower project, the government has started probing mega projects like Diamer Bhasha and Mohmand dams in order to check compliance with environmental studies. Earlier, the executing agencies of Neelum-Jhelum hydropower project violated the recommendations of EPA…
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Partnership to boost green energy | The Express Tribune
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[ad_1] KARACHI: China and Pakistan’s partnership in renewables will be helpful in rapidly shifting of the latter towards green energy and Islamabad has massive potential to benefit from technology and expertise of Beijing, Chinese Consul General in Karachi Li Bijian. Speaking at a memorandum of understanding signing ceremony at a hospital in Karachi on Friday,…
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Market watch: Soaring energy prices drag stocks down | The Express Tribune
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[ad_1] KARACHI: Bears returned to the Pakistan stock market on Wednesday as the KSE-100 index dipped nearly 300 points, driven down by the spike in global energy prices with no signs of easing of geopolitical tensions. A surge in international crude oil prices past the $110-per-barrel mark sparked concern as it would pile on pressure…
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Market mixed over cut in fuel, energy prices | The Express Tribune
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[ad_1] KARACHI: Businessmen and industrialists have welcomed Prime Minister Imran Khan’s announcement of lowering down petroleum prices and power tariff and maintaining them at that level (revised) over the next four months. They, however, cautioned that the decision to cut the energy price was politically motivated which would worsen macroeconomic outlook of the country and…
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Oil soars as Russian energy supply fears intensify | The Express Tribune
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[ad_1] LONDON: Oil prices jumped on Monday as Western allies imposed more sanctions on Russia and blocked some Russian banks from a global payments system, which could cause severe disruption to its oil exports. Brent crude rose $4.82, or 4.9%, to $102.75 by 1028 GMT after touching a high of $105.07 a barrel in early…
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Energy Efficiency and Conservation Policy | The Express Tribune
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[ad_1] ISLAMABAD: The National Energy Efficiency and Conservation Authority (Neeca) has released a draft of energy efficiency and conservation policy for the review and comments of stakeholders. The subject of energy efficiency and conservation (EE&C) is not new in Pakistan. Neeca’s precursor Enercon was formed in 1987, which received a lot of USAID technical support…
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Energy conservation and efficiency | The Express Tribune
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[ad_1] ISLAMABAD: There is a saying that the energy conserved is better and cheaper than the energy produced or purchased. It is truer today than earlier times due to rising energy prices, supply uncertainties and climate effects. In the West, the movement for energy conservation, efficiency, self-reliance and renewable energy started in the backdrop of…
