The National Transmission and Despatch Company (NTDC) recently submitted the revised Indicative Generation Capacity Expansion Plan (IGCEP) for the regulator’s approval. Alongside other revisions, it indicates an increase in the planned hydropower share to more than half of the country’s total energy mix by 2030. The hydropower component of the IGCEP displays an ‘alarming trend’, according to the comments on…
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The fragility of the liquefied natural gas(LNG) value chain was exposed last week that sent shock waves in the power corridors. The fault lines whilst hidden acted like sleeper cells and the first strike made the decision-makers lose their sleep. The end consumers suffered the most in killing hot summer amid the return of the countrywide power cuts of various…
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The United Arab Emirates on Sunday criticised the current oil output deal among Opec+ alliance members as unjust, escalating a row that could derail the energy market’s post-pandemic recovery. The UAE’s push to increase its production baseline is reported to have derailed last week’s meeting of the alliance of oil-producing countries, and also sets it against its ally, Saudi Arabia.…
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Energy shortfall across Punjab has crossed 2,000MW, said Lahore Electric Supply Company (LESCO) on Friday. The spokesperson of the LESCO in his statement said that currently, the energy shortfall in the province is recorded at more than 2,000MW and as a result, the urban and the rural areas of the province are facing unannounced power cuts. “The grid stations in…
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Federal Minister for Energy Hammad Azhar has said the twin crisis of gas and electricity will be over by Monday and 70% supply of the Regasified Liquefied Natural Gas (RLNG) will be restored from today [Saturday]. “40% re-gasification of the RLNG from the replacement ship has been achieved two days ahead of schedule. We are targeting 70% restoration of the…
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With power sector circular debt touching Rs2.327 trillion as of June 30, 2021, the Cabinet Committee on Energy (CCoE) on Thursday ordered expeditious implementation on oil crisis report including transfer of additional powers to Oil & Gas Regulatory Authority (Ogra) to regulate oil marketing sector. Presided over by Planning Minister Asad Umar, the CCoE also desired a final position of…
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ISLAMABAD: As the government conceded up to 1,500MW power cuts due to shortfall in addition to loadshedding, the power regulator on Friday approved an increase of up to Rs2.97 per unit in tariff for electricity consumers of ex-Wapda distribution companies (Discos) with effect from October 1. According to an order along with schedule of tariff (SOT) released by the National…
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ISLAMABAD: Although the government has held Engro responsible for the current gas crisis in the country, its president Ghias Khan argued that if the work had been done at an accelerated pace, terminal dry-docking could have accomplished during the Eid holidays. He said they had written several letters to Sui Southern Gas Company (SSGC), as they possessed 70 such letters…
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An indecisive Federal Ministry of Energy dragged its feet on carrying out dry docking of most efficiently run Liquefied Natural Gas (LNG) based Floating Storage and Regasification Unit (FSRU), missing several low demand periods during mild weather and lockdowns despite repetitive reminders, The News learnt on Thursday. As a last resort, Qatar was contacted to allow filled FSRU in place…
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Five Asian countries are jeopardising global climate ambitions by investing in 80% of the world’s planned new coal plants, according to a report. Carbon Tracker, a financial thinktank, has found that China, India, Indonesia, Japan and Vietnam plan to build more than 600 coal power units, even though renewable energy is cheaper than most new coal plants. The investments in…
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