Day: September 6, 2020

Iran wants to sell its gas to neighbouring countries

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Reaching natural gas production of one billion cubic meters per day (bcm/d) has been one of the three core hydrocarbons resource strategies of Iran since the Islamic Republic began to seriously develop the supergiant South Pars non-associated natural gas field in 1990, alongside producing 5.7 million barrels per day (bpd) of oil and building out a world-class petrochemicals sector. According to Oil Price, over the past week or so, Iran has announced a number of initiatives aimed at increasing gas output from South Pars in order to significantly surpass this 1…

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Pakistan’s new power capacity plan neither sustainable nor affordable, says new study

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A study launched on Thursday has revealed that Pakistan’s new long-term power capacity plan has failed to live up to the government’s stated principles of sustainability and affordability. Power demand growth forecasts made under Integrated Generation Capacity Enhancement Plan-2047 (IGCEP-2047) are too high and do not take into account the impact of COVID-19, states the study conducted by Institute of Energy Economics and Financial Analysis (IEEFA) and launched through a webinar held under the auspices of Alliance for Climate Justice an Clean Energy (ACJCE). Owing to the IGCEP’s over-optimistic power…

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12 wind power projects may be started by end of year: minister

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KARACHI: As many as 12 wind power projects with a cumulative capacity of 650 megawatts (MW) of electricity in Sindh are likely to commence commercial operations by end of December 2020, said the provincial energy minister here on Friday. Imtiaz Ahmad Shaikh said these projects – each with a producing capacity of 50 MW power are under construction in wind corridor of Jhimpir and Jamshoro – identified as the most lucrative sites for the wind power plants in the country. Around 650 MW of cheaper and environment friendly power would…

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Unused funds to be spent on gas projects

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ISLAMABAD: The government has approved a plan of transferring unspent funds and savings from gas supply schemes to provinces, a move that may invite some criticism. Gas schemes are considered an easy tool in far-off areas of the country to win over voters during elections. This comes in the backdrop of gas shortages that have put an extra burden of Rs73 billion due to diversion of expensive imported gas to meet demand from domestic consumers. The current Pakistan Tehreek-e-Insaf (PTI) government had diverted costly liquefied natural gas (LNG) to domestic…

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Independence recommended: Nepra says Discos’ setup unable to deliver.

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ISLAMABAD: While hurling accusations of data fudging on Distribution Companies (Discos), the National Electric Power Regulatory Authority (Nepra) has asserted that existing setup is unable to deliver, recommending independence of Discos from Power Division’s control with complete financial controls. The regulator, in its report performance evaluation report of Discos and KE 2018-18 as compared to 2014-15 through 2017-18, has also observed that Discos has inflicted financial loss of Rs215.5 billion to the national during this period by breaching different targets. The Nepra being a regulator has been advising and directing…

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