Category: Recent Post

A cabinet body on Monday deferred approval of a World Bank dictated new power generation capacity plan after governments of Khyber-Pakhtunkhwa (K-P) and Punjab raised issues of adverse impact of the plan on relations with China and economic growth.   The meeting of the Cabinet Committee on Energy (CCOE) had been called to give approval of the Indicative Generation Capacity Expansion Plan – known as IGCEP 2021-30. The IGCEP policy approval is a pre-condition for the release of the $400 million loan tranche that the World Bank approved in June…

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In Jordan, one of the most water stressed countries in the world, people have become used to living with very little water.A study published in the Proceedings of the National Academy of Sciences showed that Jordanians will have to halve their per capita use of water by the end of the century. Most Jordanians on lower incomes will live on 40 liters a day, for all their needs — drinking, bathing and washing clothes and dishes, for example. The average American today uses around 10 times that amount.In many Jordanian…

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CASA-1000 is a power transmission project from Tajikistan and Kyrgyzstan passing through Afghanistan to Pakistan. TAPI is a gas pipeline project designed to import gas from Turkmenistan. While we need gas, we are beset by the problem of excess capacity, of which more is to come in the next 10 years. Projections are that the worse has yet to come for the circular debt due to the excessive committed projects. Consequently, intensive criticism is emerging against CASA-1000, although nothing can be done now, as the project is under an advanced…

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Minister Imran Khan on Friday welcomed the $85 million investment through Series B financing — the largest single private funding round in Pakistan’s history — in Airlift, a Lahore-based online shopping delivery service. Series B financing is the second round of funding for a company that has met certain milestones and is past the initial startup stage. “We welcome the recent investment of $85m by leading VCs (venture capitalists) of the world in Airlift, a company led by young Pakistanis,” he tweeted. The premier said Pakistan had “huge potential” and…

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The Cabinet Committee on Energy (CCoE) on Friday asked the Petroleum Division to resubmit in its next meeting the draft of the Pakistan Oil Refinery Policy 2021 for approval after detailed deliberation and consensus with the stakeholders. The CCoE headed by the Federal Minister for Planning, Development and Special Initiatives Asad Umar, however, approved Power Division’s proposal seeking elimination of the need for generation licences for small-scale RE-based systems (up to 25 kW) for net metering. The measure will greatly facilitate consumers wishing installation of the small-scale solar systems for…

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