PAF Air War College Delegation Briefed About Water, Hydropower Sectors

December 18, 2019: A delegation of the PAF Air War College, Karachi, headed by Air Vice Marshal Zulfiqar Ahmed Qureshi today visited WAPDA House Lahore. During the visit, the delegation was briefed about the water scenario, development plans and future challenges in water and hydropower sectors.             Dilating upon the factors behind the dismal scenario of water sector, WAPDA Chairman Lt Gen Muzammil Hussain (Retd) briefed the delegation that per capita water availability in the country has come down from 5650 cubic meter in 1951 to an alarming level of 908…

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New Report Underlines the Great Potential of Renewables as a Source of Reliable Power for Refugee Settlements

New Report Underlines the Great Potential of Renewables as a Source of Reliable Power for Refugee Settlements IRENA and UNHCR forge partnership to increase the role of renewable power solutions for displaced communities Geneva, Switzerland, 18 December 2019 – On-site renewable energy solutions can cost-effectively supply refugee communities with low-cost, reliable electricity, according to the findings of a new report by the International Renewable Energy Agency (IRENA) in cooperation with UNHCR, the UN Refugee Agency. There are currently almost 26 million refugees in the world today. Unreliable energy exposes them to additional…

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Jehangir Ali Shah Assigned PSO’s Acting CEO

Jehangir has been appointed for another period of 30 days or till the appointment of a regular incumbent, whichever is earlier. Syed Jehangir Ali Shah has been assigned the post of Chief Executive Officer/ Managing Director of Pakistan State Oil (PSO), it was learnt on Wednesday. “By virtue of Government of Pakistan’s Notification No.1 (39)/2018-Oil dated December 17, 2019, Syed Jehangir Ali Shah has been assigned the post of Chief Executive Officer/ Managing Director of Pakistan State Oil Company Limited on Acting Charge basis with effect from November 30, 2019,”…

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Pakistan Faces Gas Shortage As Temperature Drops

KARACHI: It is ironic that the massive hike of up to 213.7% in gas prices comes at a time when Pakistan is facing gas outages as demand has exceeded supply following an abrupt drop in temperature in different parts of the country. The situation resulted in long queues outside tandoors due to low gas pressure at residences and prompted Karachi-based Sui Southern Gas Company (SSGC) to suddenly suspend supplies to CNG fuel stations in Sindh and Balochistan to keep supplies to households normal on Tuesday. SSGC supplies gas to consumers in…

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Oil & Gas: Pakistan’s Firms To Take Part In Abu Dhabi Bidding

ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet is expected to allow a consortium of Pakistan’s state-owned companies to participate in the bidding round for an offshore block in Abu Dhabi. Abu Dhabi National Oil Company (Adnoc) will undertake the bidding process for awarding the offshore block to oil and gas exploration companies by December 31 this year. Pakistan’s state-owned oil and gas exploration firms including Oil and Gas Development Company (OGDC) and Pakistan Petroleum Limited (PPL) are set to establish their footprint in offshore drilling outside Pakistan by…

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South Korean Power Company To Invest Over $1bn In Pakistan Power Sector

The Korea Hydro and Nuclear Power, a subsidiary of Korea Electric Power Corporation (KEPCO), will invest over a billion dollars in the power sector of Pakistan’s Khyber Pakhtunkhwa. The development comes during a meeting between the president of Korea Hydro and Nuclear Power and Khyber Pakhtunkhwa Finance Minister Taimur Jhagra and Provincial Minister of KPK for Law, Sultan Khan. As per detail, the Khyber Pakhtunkhwa government and the Korean company have partnered to invest in 496 MW power project in Kohistan. The KP Government will be a 26 percent shareholder in…

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OGRA Seeks Up To 221pc Hike In Gas Tariff From Jan 1

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has asked the government to increase prices for gas consumers by up to 221 per cent with effect from January 1, 2020 to generate about Rs40 billion in additional funds required by the two gas utilities. In two separate judgments forwarded to the government, the regulator determined about 13pc (Rs82 per unit) increase in average prescribed price to Rs707 per unit for Sui Northern Gas Pipelines Ltd (SNGPL). This would generate more than Rs30bn addition revenue to the company over the next…

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ADB Urges Pakistan To Reduce Subsidies For Oil-Based Power Generation

Investments in Pakistan’s power-generation capacity under CPEC, has the potential to diversify the country’s energy mix. ADB stressed on accelerating energy sector reforms to reduce and rationalize subsidies for oil-based generation. The Asian Development Bank (ADB) has urged Pakistan to reduce subsidies for oil-based power generation, to tackle its growing imports that constrained the country’s Balance of Payments (BOP). “The composition of imports contributes to the BOP constraint. Around 40 percent of electricity production in Pakistan is oil-based, and 25pc is gas-based. Direct and indirect subsidies for the energy sector…

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Leading Renewable Associations Urge Policy Makers To Increase Ambition

Madrid, 16 December 2019 – The leading global renewable energy industry associations have sent a clear signal to the UNFCCC negotiators about the crucial role of renewable energy technologies at the recently concluded COP25 climate conference in Madrid, Spain. Convening at an official side event, speakers from REN Alliance* informed the gathered delegates about the latest technological developments of renewable energies and the immense potential offered by these technologies to meet the Paris Agreement goals. Laura Williamson from REN21 was the keynote speaker at the side event and the main message was…

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