Year: 2020

NTDC challenges Nepra orders on 27-year expansion plan

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ISLAMABAD: The government-owned National Transmission & Despatch Company (NTDC) has challenged certain directives of the National Electric Power Regulatory Authority (Nepra), saying these will limit the scope of bidding for lowest tariff and lead the country towards another ‘capacity trap’. The “NTDC believes that while considering these directions, size of committed set of projects would further increase and thus ‘least cost principle’ of the Indicative Generation Capacity Expansion Plan (IGCEP 2020-47) would be adversely affected”. The Power Division’s NTDC, which is also the power system operator, put on record that…

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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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