Russia plans to invest $14b in Pakistan’s energy sector

ISLAMABAD: Russia has come up with an integrated investment package of $14 billion for the energy sector in Pakistan. During a recent visit of the Russian delegation, headed by Gazprom Management Committee Deputy Chairman Vitaly A Markelov, the Russian side pledged an investment of $14 billion in offshore gas pipeline project, North South Pipeline Project […]

Mitsubishi’s energy subsidiary looking to invest in Pakistan

ISLAMABAD: Minister for Petroleum and Natural Resources Ghulam Sarwar Khan has assured the foreign companies interested in investing in Pakistan’s gas sector that the government will extend all possible cooperation and facilities to them. “All impediments in the way of expansion of the gas sector will be removed,” the minister emphasised while talking to a […]

CPEC energy projects undergoing rapid construction

Islamabad – Work on 13 energy projects having capacity to generate 8,995MW electricity under China Pakistan Economic Corridor (CPEC), throughout the country is in progress. About 20 energy projects under CPEC with total investment of over US $25 billion will add 12,335MW electricity in the national grid, revealed documents available with APP.Out of 20, seven […]

Power generation capacity of Port Qasim power plant equivalent to 10 percent of national power generation capacity

Karachi – By 24:00 hours December 31, 2018 (Pakistan local time), the cumulative energy output of Port Qasim coal-fired power plant is up to 7.559 billion kWh with its aggregate grid output of 7.1 billion kWh. According to journalist of China Economic Net, the power generation capacity of Port Qasim power plant is equivalent to […]

Pakistan to receive $284 million from ADB to improve power transmission network

ISLAMABAD: The Asian Development Bank (ADB) would provide $ 284 million to Pakistan for improving its power transmission network , besides developing a stronger, smarter, greener and more climate resilient power transmission system. In this regard the Government of Pakistan and Asian Development Bank on Thursday signed a loan and grant agreements worth $284 million […]

Pakistan can save $8.4bn per annum through power sector reforms

ISLAMABAD: Pakistan’s power sector suffers from inefficiencies that cost the economy $18 billion or 6.5 per cent of the GDP in the fiscal year 2015, according to a new World Bank report. It said reforms could save Pakistan’s economy $8.4 billion in business losses and could increase total household incomes by at least $4.5 billion […]

Pakistan plans to scrap upfront tariff regime for captive power plants

In order to implement competitive bidding regime for electricity generation sector to the letter, Pakistan plans to do away with upfront tariff awarded to existing sugar mills operating captive power plants, The News has reported. Keeping in view the changed dynamics of the electricity power market, the Nepra is considering withdrawing the announced upfront tariff. […]

Pakistan engaged in multiple projects to meet energy requirements

Pakistan at present is engaged in multiple projects including Iran-Pakistan (IP) and Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipelines, import of Liquefied Natural Gas (LNG) and CASA-1000 to meet its ever-growing energy requirements. The country’s gas supply-demand gap has reached almost 4 Billion Cubic Feet per Day (BCFD) as total gas demand of the country is 8 BCFD […]

LNG deal with QatarGas saves Pakistan $76 million

LAHORE: Buying of liquefied natural gas (LNG) from state-owned QatarGas under the long-term agreement saved Pakistan $76 million in the last three months when compared with the current spot market rates, documents revealed on Tuesday. Official documents, available with The News, showed that Pakistan saved almost Rs8 billion ($76 million) in December, January and February […]

ECC okays power generation by 4 IPPs thru RLNG

ISLAMABAD – The government on Friday decided that four independent power producers (IPPs) would produce electricity on RLNG instead of furnace oil and high-speed diesel to save billions of dollars. The Economic Coordination Committee (ECC) of the Cabinet, which met under the chair of Prime Minister Shahid Khaqan Abbasi, has authorised Central Power Purchasing Agency […]