Energy investment ranges from $62 billion to $155 billion till 2030, a local newspaper reported on Sunday. According to ADB’s Central Asia Regional Economic Cooperation (CAREC) Energy Outlook for 2030 report, energy investment needs until 2030 vary significantly across the three scenarios, with estimates ranging from $62 billion to $155 billion. The power generation and the energy efficiency sector need…
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Pakistan has not run out of gas overnight. At the turn of the 21st century, sufficient gas supplies and sources were available in Pakistan. As per a study by Hagler Bailey, there were limitations on the gas transmission system to lift gas from all the sources, but there was no gas shortage for any segment of the consumers. The said…
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In a new development, Pakistan has restarted talks with Azerbaijan on the latter’s offer made in late 2016 for providing Mogas on credit besides the current negotiations for distressed LNG at an affordable rate, a senior official of the Energy Ministry told The News. Both countries earlier inked an Inter-governmental Agreement (IGA) in 2017 under which Azerbaijan’s state-owned SOCAR was…
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Growatt, a global leading distributed energy solution provider, signed a Memorandum of Understanding (MoU) with Trisun Energies, a Karachi-based renewable energy company, to deepen their cooperation in the Pakistan solar market earlier this month. According to the agreement, Growatt will supply Trisun Energies with up to 100MW of string inverters in 2023. And the MoU was signed in the context…
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The government has decided to link Thar coal and Port Qasim (PQ) with Pakistan Railways network through Rs 58.240 billion project in order to provide bulk transportation facilities as per requirement of the economy. Sources said that the PC-I of the project has been prepared and is expected to be approved soon. They added that the total project cost of…
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LONGi has announced that, as of mid-December, global shipments of its Hi-MO 5 module have exceeded 50GW, cumulative shipments now approaching 100 million panels. The Hi-MO 5, based on 182mm cells, was officially released in June 2020 and is adaptable to an extensive range of application scenarios, being easy to handle, transfer, store and install, with a very low breakage…
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Prime Minister Shehbaz Sharif on Wednesday said the government remains committed to diversifying the country’s energy mix, and will put special emphasis on renewable sources, which he termed as the “key to energy security”. The prime minister in a post on Twitter wrote that the federal cabinet has given serious consideration to an energy conservation plan. “The plan will be approved…
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So, energy conservation is the new plan. Nothing was ever seen before, but least needed than ever before. The idea is to have the markets shut earlier and wedding events be over earlier. Well, making the most use of daylight can never be a bad idea. But this being pitched as a solution to tackle the mess Pakistan finds itself…
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Mari Petroleum Company Limited has announced that the gas production from Zarghun South Gas Field, Balochistan has been resumed. The field is currently producing around 5mmscfd of gas which will be gradually ramped up to its optimum production rate, material information sent to Pakistan Stock Exchange on Wednesday said, adding that the gas is being supplied to Sui Southern Gas…
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Amid the IMF demand for hiking gas tariffs, the government has constituted a high-powered committee on Circular Debt Settlement Plan for gas sector companies with the mandate to devise a clear roadmap for erasing this monster within 10 days. The circular debt of the cash-bleeding gas sector has accumulated to Rs1,600 billion and has now gripped the gas sector after…
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