A World Bank (WB) study launched Tuesday suggests that a major scale-up of variant renewable energy (VRE) could help Pakistan save US$5 billion in costs over the next 20 years, mainly from reduced fuel consumption. “Pakistan should quickly implement a major scale-up of solar and wind generation,” the report advised. The study, titled Variable Renewable Energy (VRE) Integration and Planning,…
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After a lapse of more than 11 years, the Central Working Development Party (CDWP) has finally approved a 26MW hydropower project in Skardu, which would be completed under the federal Public Sector Development Programme (PSDP). The Shagharthang Hydropower Project, which was initially approved in 2009 at an estimated cost of Rs3.356 billion, would now be completed at Rs8.616 billion. The…
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For converting the MoUs signed with the IPPs into final legal agreements, the government is currently engaged in finalizing the templates and to this effect the IPPs are also on board. According to a senior official, the government team will soon invite the IPPs’ CEOs to get the templates for final amended Power Purchase Agreements (PPAs) approved. Under the MOUs…
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ISLAMABAD: Pakistan’s reliance on coal to generate power is economically unviable and it needs to swiftly move towards adding about 24,000 megawatts of wind and solar-fired power in the next 10 years to reduce the cost of power generation, says a new study of the World Bank. The Variable Renewable Energy Planning and Integration study suggests that Pakistan should quickly…
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The Sui Southern Gas Company Limited (SSGC) will receive additional 38 Million Cubic Feet per Day (MMCFD) gas to meet its demands, as the federal cabinet has ratified the decisions of the Economic Coordination Committee (ECC) taken in this regard. According to sources, the federal cabinet met on Tuesday under the chair Prime Minister Imran Khan to take certain important…
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Another month, another blatant violation of merit order. It so appears that the power producers, the purchasers, and aggregators, do not think much of rules. The September power purchase data is out, and the furnace oil keeps its position out of merit, in the power generation order. For the fourth month running, FO based power generation has crossed 5 percent…
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Singapore — Global LNG supply is expected to turn tight gradually in the next five years due to the delay of final investment decisions on many LNG projects, which would ultimately lift prices, said participants at the ninth China International Oil and Gas Trade Congress. JKM, the benchmark price for spot LNG in Northeast Asia, dropped to below $2/MMBtu over April-May,…
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LPG sector should be treated as a major industry and be given all necessary facilities as it is playing a major supportive role in providing cost effective and environment friendly fuel to the middle and lower class, besides providing huge revenue to the government and employment to millions. The demand was raised at a meeting of Pakistan LPG Marketers Association…
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K-Electric, the sole electricity provider in the country’s business capital, Karachi, and nearby districts, has selected Oracle Fusion Cloud Supply Chain and Manufacturing (Oracle Cloud SCM) to automate its demand management and supply process for over 600 components of power distribution equipment. This deployment will contribute to K-Electric’s mission to deliver uninterrupted, safe, and affordable power to Karachiites, as the…
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Rich nations are still providing more than half a trillion Dollars annually to fossil fuel projects despite committing to slash greenhouse gas emissions in line with the Paris climate deal, research showed Tuesday. While state support to oil, gas and coal has dipped slightly since the landmark 2015 accord, a joint analysis by three climate think tanks found that many nations’ post-pandemic stimulus plans will see billions more given to polluting fuels. In…
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