Pakistan can achieve significant gains by moving towards decarbonisation of its energy sector, said Regional Vice President of the World Bank Group for South Asian Region Hartwig Schafer. “Glad to know that climate change is a top priority for the government,” said Schafer in a tweet post after his meeting with Special Assistant to the Prime Minister on Climate Change…
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The electric power sector of Pakistan has been plagued by multiple issues since the late 90s entailing both availability and affordability of energy for sustainable development in Pakistan. The recent remarks by the Special Assistant to the Prime Minister (SAPM) for Power and Petroleum, Tabish Gauhar, and evidence produced by several eminent economists provide a detailed root cause analysis of…
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ABU DHABI, (UrduPoint / Pakistan Point News / WAM – 04th Aug, 2021) Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, attended on Wednesday the launch of the National Water and Energy Demand Management Programme, which was approved by the Federal Cabinet to enhance the efficiency of the three most energy-consuming sectors by 40 percent. Rolled out in…
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A consortium of Chinese state-owned companies has offered to set up a $15 billion oil refinery complex that may provide some relief to Pakistan, which is grappling with the challenge of huge outflows of foreign investment in recent years. The China Petroleum Pipeline Engineering Company LTD (CCP) and China Zhen Hua Import and Export Corporation have shown interest to invest…
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The government’s decision to dishonour agreements with a dozen power plants may seriously dent its reputation, lead to loss of hard-earned gains of billions of rupees annually besides exposing it to paying over Rs22 billion to power plants to settle international arbitration awards. Six months ago, the government had won significant concessions from the Independent Power Producers (IPPs) by applying…
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Long-running inquiries by government departments into the oil crisis witnessed in June 2020 are hindering foreign direct investment (FDI) in oil marketing companies (OMCs) sector of Pakistan. In a statement on Wednesday, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Mian Nasser Hyatt Maggo expressed concern over the “unfair practices of government departments and unjust treatment of smaller…
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K-Electric (K-E) has sought a national policy from the regulator to sell power at a comparatively higher price to the people residing in areas where line losses and theft through illegal connections (Kundas) are high and recoveries through monthly billing stand low. The company demanded the policy from the National Electric Power Regulatory Authority (Nepra) ahead of the scheduled end…
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Special Assistant to the Prime Minister on Energy and Petroleum Tabish Gauhar, in a letter addressed to Energy Minister Hammad Azhar, has urged that strategies be chalked out and “holistic and structural reforms” made to address energy sector challenges. The four-page letter titled “Beyond The Fire Fighting – Proposed Strategic Workstreams In The Energy Sector”, a copy of which is…
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Reporting about 20 per cent increase in peak summer electricity demand, the government on Wednesday sought approval for an approximately $400 million energy sector loan by the World Bank (WB) by end-September. A senior government official told Dawn that a meeting of WB’s Board of Directors is expected on September 27 and the authorities are making efforts to address outstanding…
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Taking some corrective measures in procurement of Liquefied Natural Gas (LNG), the government on Wednesday ordered its two entities — Pakistan State Oil and Pakistan LNG Ltd — to make public disclosure of bidding results in a timely manner to ensure transparency. “Both the entities are advised to publish the results of the procurement decisions within 24 hours on their…
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