In July 2019, Gregory Dipple, a geologist at the University of British Columbia, Vancouver, hopped on a 119-seat charter flight in Yellowknife, Canada, and flew 280 kilometers northeast to the Gahcho Kué diamond mine, just south of the Arctic Circle. Gahcho Kué, which means “place of the big rabbits” in the Dënësu¸łinë language of the region’s native Dené or Chipewyan…
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During the last nine years, the federal government has collected Rs818 billion as Gas Infrastructure Development Cess (GIDC), however, it has failed to invest the collected amount towards improving and building the country’s gas infrastructure. According to well-placed sources, the volume of collectable GIDC from various sectors was increased to Rs517 billion on March 31, 2020. However, till now none…
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Pakistan risks locking itself into building more power capacity than it needs as a result of over-optimistic energy demand growth forecasts that do not take into account the impact of Covid-19, according to a new IEEFA report. Pakistan’s state-owned National Transmission and Despatch Company (NTDC) published its latest long-term power plan – the Indicative Generation Capacity Expansion Plan (IGCEP) 2047 –…
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Pakistan’s natural gas demand-supply gap, currently at 1,440 MMCFD, is projected to rise to 3,684 MMCFD by 2024-25 and 5,389 MMCFD by 2029-30. For a country that relies on indigenous and imported gas for more than 40% of its energy requirements, this is an alarming situation. And it has been here for some time now. In fact, the country’s industrial…
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LAHORE: Over 93000 electricity connections with annual bill of Rs 30 billion have propelled the Punjab government to opt for solarization as the way forward in order to reduce electricity bills and improve the environment, said provincial energy department sources. According to the sources, 13 public sector universities with 26 megawatt potential have initiated solarization projects. The Punjab government is…
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LAHORE: Coal-based power generation is cheaper as compared to gas and oil by Rs5.60/kWh on the basis of plant load factors approved by National Electric Power Regulatory Authority (NEPRA). Anjum Nasim, an energy expert, said that power generation based on natural gas is the least expensive form of power generation followed by coal, RLNG and RFO (oil). Tariffs of natural…
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Institute for Energy Economics and Financial Analysis (IEEFA) has raised objections over the 27-year Indicative Generation Capacity Expansion Plan (IGCEP 2020-2047) prepared by the National Transmission and Despatch Company (NTDC). IEEFA has declared the IGCEP 2020-2047 as contradictory to the government’s principles of affordability and sustainability. According to the IEEFA report, Pakistan would end up building more power capacity than…
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Although Portugal’s second solar energy auction is not expected to be finalized until tomorrow, financial newspaper Expresso has revealed the 700 MW procurement round secured a world record lowest bid of €0.0112/kWh ($0.0132). If confirmed, that price would be $0.0003 lower than the $0.0135/kWh bid submitted by French energy group EDF and China’s JinkoPower in a 2 GW tender held in Abu Dhabi,…
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The UK will review its current licensing policy for oil and gas exploration in the North Sea to have it aligned to the country’s ambition to achieve net-zero emissions by 2050. “The review will ensure the Government has the information needed to plan for future oil and gas production in the UK, in a way that is aligned with tackling…
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There will be no new exploration and production contracts on the table for private or foreign companies in Mexico under a government plan set to be made public soon. “We don’t expect that there will be anything new in exploration and extraction in this infrastructure plan,” the head of Mexico’s oil industry association AMEXHI told Reuters in an interview. The infrastructure plan…
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