- 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 …Russia plans to invest $14b in Pakistan’s energy sector Read More »
- 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 …Mitsubishi’s energy subsidiary looking to invest in Pakistan Read More »
- 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 …CPEC energy projects undergoing rapid construction Read More »
- 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 … - 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 …Pakistan to receive $284 million from ADB to improve power transmission network Read More »
- 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 …Pakistan can save $8.4bn per annum through power sector reforms Read More »
- 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 …Pakistan plans to scrap upfront tariff regime for captive power plants Read More »
- 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 …Pakistan engaged in multiple projects to meet energy requirements Read More »
- 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) …LNG deal with QatarGas saves Pakistan $76 million Read More »
- 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 … - Pakistan announces $1.5b hydropower project in AJK
KARACHI: Pakistan is set to increase the share of hydropower production in the total energy mix by adding a new project of over 700 megawatts in Azad Jammu and Kashmir (AJK) through foreign financing at an estimated cost of $1.51 billion by 2022. Authorities have sought an import tariff at …Pakistan announces $1.5b hydropower project in AJK Read More »
- Was 2017 the Year Global Energy Giants Went All-In on the Distributed Energy Revolution?
It’s been an interesting year for mergers and acquisitions in the distributed energy space, with some unexpected developments. We haven’t seen the same massive M&A deals of years past, such as GE’s purchase of Alstom or Honeywell’s acquisition of Elster — although Tuesday’s announcement that smart metering and utility software …Was 2017 the Year Global Energy Giants Went All-In on the Distributed Energy Revolution? Read More »
- Renewable Energy Storage Market Poised For ‘Strong Growth’
As costs for renewable energy projects drop and policies and resilience demands increase, capacity for wind and solar PV continues to rise across all regions and market segments, according to a new report from Navigant Research. This uptick in large-scale additions of variable forms of generation presents challenges to the …Renewable Energy Storage Market Poised For ‘Strong Growth’ Read More »
- Stories That Defined the Global Energy Storage Market in 2017
This year’s activity in energy storage could easily fill a book. While a lot of attention was focused on California, a state that has done more to nurture storage than any other region, there was plenty of action in Asia, Europe and Australia. Tesla focused most of its attention on …Stories That Defined the Global Energy Storage Market in 2017 Read More »
- Government Launches Roshan Pakistan App for Electricity Consumer
Government is moving towards the age of digitization and has launched several new initiatives to make life easy of citizens of Pakistan. Among other initiatives, Government of Pakistan has launched many Apps such as women safety app, Harassment apps etc. Recently keeping in view shrinking demand- supply gap, Government Launches …Government Launches Roshan Pakistan App for Electricity Consumer Read More »
- BASF among investors putting US$13m into flow battery maker ESS Inc.
ESS Inc, among several companies looking to commercialise a flow battery energy storage technology, has netted US$13 million in a Series B funding round from investors that include global chemical company BASF. Portland, Oregon-headquartered ESS Inc. said on Tuesday that it has persuaded a mix of new and existing investors …BASF among investors putting US$13m into flow battery maker ESS Inc. Read More »
- GE Cutting 12,000 Electric Power Industry Jobs Worldwide
We reported recently on the closure of a gas turbine electric power facility in Norway. The turbine for that plant was built by Siemens, but gas turbines have been big business for General Electric over the past decades as well. Two years ago, GE spent $10 billion to purchase the …GE Cutting 12,000 Electric Power Industry Jobs Worldwide Read More »
- ‘Tsunami of data’ could consume one fifth of global electricity by 2025
The communications industry could use 20% of all the world’s electricity by 2025, hampering attempts to meet climate change targets and straining grids as demand by power-hungry server farms storing digital data from billions of smartphones, tablets and internet-connected devices grows exponentially. The industry has long argued that it can …‘Tsunami of data’ could consume one fifth of global electricity by 2025 Read More »
- Pakistan to add 5,770 MW electricity by March-2018
Pakistan is aiming to add 5,770 megawatts of electricity to its national grid by 2018 as the country is struggles to overcome chronical energy shortages which has hampered growth and forced many factories to close. The South Asia’s second biggest economy after India currently produces about 15,886 MW against the …Pakistan to add 5,770 MW electricity by March-2018 Read More »