In a surprise move, Pakistan has abandoned plans to build 27GW of coal power plants between 2030 and 2047, and will invest in renewable energy instead.The announcement was made by Imran Khan, Pakistan’s prime minister, during a virtual gathering of global leaders. He told the Climate Ambition Summit 2020 on Saturday: “We have already scrapped two coal power projects that…
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Karachi Electric Supply Corporation (KESC) (now K-Electric) has an interesting history. In 1913, it was formed as a power generation and distribution company in the private sector to meet the power needs of small port town of Karachi. The year 1947 witnessed a dramatic change in the demography of Karachi. In 1952, the government nationalized KESC in order to facilitate…
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ISLAMABAD: Former prime minister and minister for petroleum Shahid Khaqan Abbasi told a private news channel on Friday that despite increasing gas demand in winter, the PTI government did not float tenders, and inflicted Rs17 billion losses on the country through purchase of 12 cargo ships. He said if electricity would be produced through diesel, it would cost the country…
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ISLAMABAD: Special Assistant to Prime Minister Nadeem Babar said on Friday Pakistan was paying Rs84.3 million per day because of ill-conceived agreements of the previous government. Speaking in a private channel programme, he said that the terminal was being paid in full for 10 months, but no gas was received. He claimed that it had become hard to supply cheap…
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Lahore: Energy experts have highlighted major issues and challenges on the development of electric vehicles (EVs) which included higher prices and barriers in the availability of the grids along the major highways. One day CPD training was conducted by Energy Training and Research Center (ETRC) Lahore on November 28, 2020, on “electric vehicles and energy storage”. Dr Izza Anwer was…
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Pakistan’s contribution was one of the few bright spots at the recently concluded virtual Climate Ambition Summit. Prime Minister Imran Khan announced that two major coal projects would be scrapped and declared the country will have no more “power based on coal” but instead build more hydropower. However, it became quickly apparent Khan’s statement will not affect the over 7,000…
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In early December 2020, ACPL concluded a multi-party agreement with PROTECH (as EPC contractor for the project), LONGi (as module supplier) and TBEA (as inverter supplier) along with Attock Energy (Private) Limited as lead consultant for erection, procurement and commissioning of the solar project. The project will be set up in Balochistan and is scheduled to commence operations in the…
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ISLAMABAD: A brief hiatus in oil smuggling due to the closure for a few days of the Pak-Iran border during the early days of the Covid-19 pandemic, badly affected the entire supply chain of petroleum products in Pakistan. The findings of an inquiry commission on the shortage of petroleum products states that the smuggling of Iranian oil is a reality.…
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ISLAMABAD: Special Assistant to the Prime Minister (SAPM) on Petroleum Nadeem Babar has said that Pakistan would auction 20 new oil and gas exploration blocks during the next month as part of its strategy to achieve self-reliance in the energy sector. “Bids for the auction are expected to be held by mid-January to encourage exploration activities in the country,” he…
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SINGAPORE: Surging spot prices for liquefied natural gas (LNG) are exacerbating a gas supply crunch in key fast-growing emerging markets in Asia just as a cold spell in other parts of the region boosts demand for the fuel. Companies from Pakistan to China have cancelled a flurry of LNG tenders this week, several trade sources said, as lofty prices risk…
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