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Month: April 2024

Nepra Criticizes Power Companies for Inefficiencies

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Nepra-tariff

In Islamabad, the National Electric Power Regulatory Authority (Nepra) recently censured power companies for inefficiencies and their reliance on expensive power plants, despite cheaper alternatives being available. During a public hearing led by Nepra Chairman Waseem Mukhtar, concerns were raised over the underutilization of cost-effective plants, leading to a rise in average fuel costs. Notably, hydropower supply exceeded estimates in…

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Pakistan’s Energy Decisions Driven by National Interest, says Foreign Office In Islamabad,

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Foreign-Affairs

the Foreign Office reaffirmed Pakistan’s prioritization of national interest in making decisions regarding its energy needs. Spokeswoman Mumtaz Zahra Baloch emphasized that Pakistan’s energy requirements play a crucial role in driving its economy, guiding its stance on international relations, including potential sanctions and trade dynamics in the energy sector. Addressing queries about the Pakistan-Iran Gas Pipeline Project and trade agreements,…

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Power Division Expresses Concerns Over Solarisation’s Impact on National Grid

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solar-panel

The Power Division in Islamabad has voiced apprehensions regarding the growing trend of solarisation, especially in the context of net-metering, stating that it is straining the national power system. The division has urged the government to consider implementing a new time-of-use (TOU) tariff for consumers to address these challenges. During a recent Nepra public hearing on additional fuel charges adjustments,…

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OCAC Issues Dire Warning: Diesel Glut Threatens Oil Sector’s Sustainability

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OGRA

The Oil Companies Advisory Council (OCAC) has issued a stark warning about the oil sector’s sustainability crisis, citing massive stocks of high-speed diesel (HSD) that could hinder refineries’ ability to import crude oil. In a letter to the Oil & Gas Regulatory Authority (OGRA), OCAC highlighted the critical challenges posed by excessively high HSD stocks, primarily due to rampant smuggling…

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Pakistan Wind Energy Association Raises Alarm Over Continuous Power Curtailment

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wind-energy

The Pakistan Wind Energy Association (PakWEA) has sounded the alarm over persistent power curtailment affecting Wind Power Producers (WPPs), leading to financial strain and project viability concerns. PakWEA has urgently requested attention from federal authorities to address the ongoing curtailment issues that threaten the financial sustainability of WPP projects. In a letter to the Power Minister, PakWEA highlighted that the…

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Ahsan Zafar Syed Appointed as President and CEO of Engro Corporation

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Ahsan-Zafar

Engro Corporation proudly announces the appointment of Mr. Ahsan Zafar Syed as its 5th President and CEO, marking a new era of leadership for the company. Mr. Syed, who joined Engro in 1991 as a young engineer, brings over three decades of invaluable experience in operations, project management, and strategic leadership across multiple sectors. During his tenure, Mr. Syed has…

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PRIVATIZATION, THE WAY FORWARD TO ELIMINATE CIRCULAR DEBT: CEO K-ELECTRIC

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circular-debt-K-electric-ceo

During the ‘7th Leaders In Islamabad Summit’, power sector experts and leaders, including the CEO of K-Electric and the Minister of Energy, Awais Leghari, shared their views on the future of the energy sector in Pakistan. Mr. Moonis Alvi, CEO of K-Electric, said, “Pakistan’s power sector is poised for a significant transformation, with privatization being the way forward to eliminate the circular debt.”

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Pakistan Ranks 5th in ADB Loans and Grants, Receives $1.8 Billion Disbursement in 2023

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Asian-bank

Pakistan has emerged as the fifth-largest recipient of loans and grants from the Asian Development Bank (ADB), receiving a total disbursement of $1.8 billion in 2023. When factoring in co-financing, the disbursement figure rises to $2.353 billion for the same period, according to the ADB’s annual report for 2023 released recently. The report highlighted Pakistan’s significant role in receiving ADB…

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Gas Supply Constraints Continue Despite Reduction in Local Gas Flow

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gas-loadshading

The country’s gas transmission system faces ongoing challenges as local gas fields have reduced supply to prevent system breakdowns, leading to a significant drop in gas volume pressure. Despite reducing local gas flow by 342 mmcfd, the line pack pressure in the Sui Northern System has escalated to a dangerous level of 5.155 bcfd as of April 25, 2024. Energy…

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Clean Energy Sector Sees Surge in Jobs, Fossil Fuel Employment Stagnant

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Clean-Energy

The clean energy sector has witnessed a remarkable surge in job opportunities, reaching 35 million jobs, while the fossil fuel sector has remained stagnant at around 32 million jobs, according to a recent 2023 World Energy Employment Report. The report highlights a growth of 4.7 million jobs in the clean energy sector over the past year, with notable contributions from…

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