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Pakistan Requires $191.8 Billion for Low-Carbon Transition by 2050: ADB Report

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Asian-bank

ISLAMABAD: Pakistan will need an additional $191.8 billion by 2050 to transition to a low-carbon energy system and achieve its climate goals, according to a recent report by the Asian Development Bank (ADB). The report outlines a comprehensive pathway for reducing greenhouse gas (GHG) emissions while sustaining economic growth. It contrasts a low-carbon scenario with a business-as-usual (BAU) approach, emphasizing…

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Pakistan Seeks Chinese Investments in Renewable Energy to Reduce Fuel Dependence

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Power-IPP

ISLAMABAD: Pakistan has invited Chinese companies to invest in its renewable energy and offshore wind sectors as part of efforts to address its energy crisis and reduce reliance on costly fuel imports, state media reported on Monday. Speaking at the High-Quality Development of Offshore Wind Power Supply Chain seminar in Fuzhou, China, Pakistan’s Ambassador to China, Khalil Hashmi, highlighted the…

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KE Urges PPIB to Expedite NTDC Feedback on Cat-III Wind Projects

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power-subsidy

ISLAMABAD: K-Electric (KE) has called on the Private Power and Infrastructure Board (PPIB) to obtain feedback from the National Transmission and Distribution Company (NTDC) regarding the status of Category-III (Cat-III) wind projects, including the submission of the Request for Proposal (RFP) to the National Electric Power Regulatory Authority (Nepra). In a letter to PPIB Managing Director Shah Jahan Mirza, KE’s…

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World Bank Recommends Transferring DISCOs to President Before Privatisation

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world-bank

ISLAMABAD: The World Bank has proposed transferring ownership of 10 power distribution companies (DISCOs) to the president of Pakistan as part of a privatisation strategy aimed at mitigating the sector’s burden on the national exchequer. The recommendation is among nine key prior actions outlined by the World Bank to ensure successful privatisation. These include cleaning up DISCOs’ balance sheets, notifying…

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Pakistan Approves Sale of 35% Newly Discovered Gas Reserves to Private Sector

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Gas-OGDCL

ISLAMABAD: After nearly a year of deliberation, a high-level committee, chaired by Deputy Prime Minister Ishaq Dar, has approved the sale of 35% of newly discovered gas reserves to private entities through a competitive bidding process. The decision, aimed at addressing liquidity challenges faced by exploration and production (E&P) companies, is expected to attract $4-5 billion in new investment for…

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CCP Approves Gunvor Group’s Acquisition of 50% Stake in Total Parco Pakistan

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Total-PARCO

ISLAMABAD: The Competition Commission of Pakistan (CCP) has granted approval for the acquisition of a 50% shareholding in Total Parco Pakistan Ltd (TPPL) by Aquashore SA, a subsidiary of Switzerland-based Gunvor Group. The stake will be transferred from TotalEnergies Marketing Services under the terms of the sale and purchase agreement. This strategic move is the latest in a series of…

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China Activates World’s Second-Largest Solar Power Plant

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soalr energy

BEIJING: CHN Energy has successfully connected the 3 GW Mengxi Lanhai Solar Plant to the grid, making it the largest single-site solar facility in China and the second-largest worldwide. Located in Ordos, Inner Mongolia, the $1.6 billion project was completed in just 14 months and is a cornerstone of China’s “West-to-East Power Transmission” strategy. Spanning 70 square kilometers, the plant…

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KCCI Demands Winter Package Exclude K-Electric, Citing Consumer Dues

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KCCI-Import

ISLAMABAD: The Karachi Chamber of Commerce and Industry (KCCI) has urged the federal government to directly distribute the upcoming Winter Support Package to Karachi consumers, bypassing K-Electric (KE). The power utility currently owes approximately Rs 100 billion to its customers, according to KCCI President Jawed Bilwani. In a letter addressed to Federal Minister for Power Sardar Awais Khan Leghari, Bilwani…

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Government Accelerates Privatisation of DISCOs and HBFC

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Power-sector

ISLAMABAD: The federal government has ramped up efforts to privatize power distribution companies (DISCOs) and the House Building Finance Corporation (HBFC) as part of its economic reforms. The Privatisation Commission, led by Federal Minister for Privatisation and Investment Aleem Khan, recently reviewed progress on entities listed for privatisation. During the meeting, it was decided to expedite the selection of financial…

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Costly Palm Trees Fail to Thrive in Khyber-Pakhtunkhwa, Sparking Environmental Concerns

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Costly-Palm

PESHAWAR: The Peshawar Development Authority’s (PDA) recent decision to plant costly palm trees across Khyber-Pakhtunkhwa (K-P) has drawn criticism from environmentalists, citing incompatibility with the region’s biodiversity and ecological needs. Imported from Lahore and Dubai at costs ranging from Rs8,000 to Rs15,000 each, the palm trees have shown signs of devariegation due to water scarcity. Experts argue the drought-tolerant species…

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