The environmental law has been existing in Pakistan for the last 24 years but even then less than one per cent of wastewater generated in the country is treated before its discharge causing much environmental damage especially to the water bodies.This was one of the facts highlighted by the speakers at a seminar organised by the National Forum for Environment…
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The Oil Companies Advisory Council (OCAC) has rung alarm bells telling the government that the depleted condition of KPT oil piers can disrupt the import supply chain of petroleum products, especially Crude Oil and Mogas (petrol) resulting in potential dry out in the country. In a letter sent on May 25, 2021, to Federal Energy Minister Hammad Azhar and Petroleum…
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The efforts made by state-run gas companies to maintain their monopoly over the liquefied natural gas (LNG) market have put an additional burden of $99 million on gas consumers for the idle terminal capacity. The issue seems to be more serious compared to the capacity payments made to independent power producers (IPPs). Though the private sector has been ready to…
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SINGAPORE: Six companies have placed the lowest offers for a buy tender by Pakistan LNG for nine liquefied natural gas (LNG) cargoes to be delivered in July and August, according to a document posted on the company website. Vitol placed the lowest offer for three cargoes, while Qatar Petroleum Trading placed the lowest offer for two cargoes, according to the…
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SLAMABAD: The K-Electric has sought more than Rs5.6 billion worth of additional charges from consumers through monthly fuel cost adjustments (FCAs) for four months (January to April 2021) of the current calendar year. In its petition to the National Electric Power Regulatory Authority (Nepra), the Karachi-based private integrated power utility has requested the regulator to allow transfer of an additional…
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ISLAMABAD: Even though the government appears to be slowing down ongoing power projects, it will have to increase generation capacity by 35-40 per cent from about 34,501MW to 57,204MW by 2030. According to the Indicative Generation Capacity Expansion Plan (IGCEP), 2030, prepared by the National Transmission and Dispatch Company, the annualised compound growth rate (ACGR) of 3.3pc to 4.6pc is…
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LONGi guarantees the quality of its product, which helps customers secure the total lifecycle performance of their PV plants With technological and industrial expertise accumulated over the past two decades, LONGi released at SNEC 2021 the industry’s first “Lifecycle Quality” standard. Based on the concept of “customer value first”, “LONGi Lifecycle Quality” will ensure that LONGi products will perform reliably…
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In the previous two columns, we laid out the agreed framework of China-Pakistan Economic Corridor (CPEC), trying to clear perceptual fog around this vital project, and recalling its immense scope and expanse. This column discusses the on-ground progress, vis-à-vis the ‘eight core areas’ of CPEC. First, the integrated transportation system. There are five road projects and two rail projects under this…
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Living the seventh year of sectoral sanctions that target its prospective oil and gas projects, Russia has grown accustomed to living under pressure. Sanctions have made it much more difficult to lend money, more difficult to secure viable partnerships and get access to state-of-the-art technologies. Going beyond the day-to-day challenges, there is one thing that has been missing from Russia’s…
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The recent $3 billion sale of Chile’s Compañía General de Electricidad to China’s State Grid Corporation brought total Chinese control of electricity transmission in Chile up to 57%. Similar PRC acquisitions and projects are currently being advanced in Ecuador, Bolivia, Argentina, Honduras, Peru, and Columbia, where corporations are building hydropower, wind, and solar power stations. But China’s energy push into…
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