ISLAMABAD: Privatisation is a unique medicine which international financial institutions (IFIs) carry in their first aid box to prescribe to everyone and anyone. The country in need of help will have to take a dose of it. The extent of the dose depends on the need of the country. Although the concept was introduced by the fascist regime in Italy,…
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The 1,100MW K2 reactor at the Karachi Nuclear Power Plant (Kanupp), the first unit using China’s homegrown ‘Hualong One’ technology, has successfully completed its thermal testing also known as hot functional tests (HTFs). China is building two Hualong One reactors with a capacity of 1,100MW each at the Karachi Nuclear Power Complex on the coast of the metropolis where a…
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MULTAN: Foreign Minister Shah Mahmood Hussain Qureshi has said the process for revision of power tariff agreements with independent power producers (IPPs) is in its final stages and would facilitate the people once it is completed. “The agreements are almost in final stages and their fruit would be shifted to masses soon,” Qureshi said on Sunday while addressing ground-breaking of…
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ISLAMABAD: The Khyber-Pakhtunkhwa government is seeking World Bank assistance for the development of 88MW run-of-river hydropower project on the Gabral tributary of the Swat river to generate about 339 gigawatt hours of electricity annually. The World Bank is currently evaluating the project which will be located near the Kalam town in Swat district. The proposed project involves construction of 21-meter…
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ISLAMABAD: The government-owned National Transmission & Despatch Company (NTDC) has challenged certain directives of the National Electric Power Regulatory Authority (Nepra), saying these will limit the scope of bidding for lowest tariff and lead the country towards another ‘capacity trap’. The “NTDC believes that while considering these directions, size of committed set of projects would further increase and thus ‘least…
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Pakistan risks locking itself into building more power capacity than it needs as a result of over-optimistic energy demand growth forecasts that do not take into account the impact of Covid-19, according to a new IEEFA report. Pakistan’s state-owned National Transmission and Despatch Company (NTDC) published its latest long-term power plan – the Indicative Generation Capacity Expansion Plan (IGCEP) 2047 –…
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Pakistan’s natural gas demand-supply gap, currently at 1,440 MMCFD, is projected to rise to 3,684 MMCFD by 2024-25 and 5,389 MMCFD by 2029-30. For a country that relies on indigenous and imported gas for more than 40% of its energy requirements, this is an alarming situation. And it has been here for some time now. In fact, the country’s industrial…
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LAHORE: Over 93000 electricity connections with annual bill of Rs 30 billion have propelled the Punjab government to opt for solarization as the way forward in order to reduce electricity bills and improve the environment, said provincial energy department sources. According to the sources, 13 public sector universities with 26 megawatt potential have initiated solarization projects. The Punjab government is…
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LAHORE: Coal-based power generation is cheaper as compared to gas and oil by Rs5.60/kWh on the basis of plant load factors approved by National Electric Power Regulatory Authority (NEPRA). Anjum Nasim, an energy expert, said that power generation based on natural gas is the least expensive form of power generation followed by coal, RLNG and RFO (oil). Tariffs of natural…
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Institute for Energy Economics and Financial Analysis (IEEFA) has raised objections over the 27-year Indicative Generation Capacity Expansion Plan (IGCEP 2020-2047) prepared by the National Transmission and Despatch Company (NTDC). IEEFA has declared the IGCEP 2020-2047 as contradictory to the government’s principles of affordability and sustainability. According to the IEEFA report, Pakistan would end up building more power capacity than…
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