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…
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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…
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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…
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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…
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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…
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In July 2019, Gregory Dipple, a geologist at the University of British Columbia, Vancouver, hopped on a 119-seat charter flight in Yellowknife, Canada, and flew 280 kilometers northeast to the Gahcho Kué diamond mine, just south of the Arctic Circle. Gahcho Kué, which means “place of the big rabbits” in the Dënësu¸łinë language of the region’s native Dené or Chipewyan…
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During the last nine years, the federal government has collected Rs818 billion as Gas Infrastructure Development Cess (GIDC), however, it has failed to invest the collected amount towards improving and building the country’s gas infrastructure. According to well-placed sources, the volume of collectable GIDC from various sectors was increased to Rs517 billion on March 31, 2020. However, till now none…
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Pakistan risks locking itself into building more power capacity than it needs as a result of over-optimistic energy demand growth forecasts that do not take into account the impact of Covid-19, according to a new IEEFA report. Pakistan’s state-owned National Transmission and Despatch Company (NTDC) published its latest long-term power plan – the Indicative Generation Capacity Expansion Plan (IGCEP) 2047 –…
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Pakistan’s natural gas demand-supply gap, currently at 1,440 MMCFD, is projected to rise to 3,684 MMCFD by 2024-25 and 5,389 MMCFD by 2029-30. For a country that relies on indigenous and imported gas for more than 40% of its energy requirements, this is an alarming situation. And it has been here for some time now. In fact, the country’s industrial…
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LAHORE: Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) have proposed the concept of “Energy Democracy” in the country, which can be implemented by creating Private-Public Partnership’s Consortiums to overcome the exceeding energy crisis in Pakistan. The concept was discussed today at a meeting of PCJCCI’s Think Tank presided over by PCJCCI President Zarak Khan. He hoped that introducing…
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