Year: 2020

CDWP Defers approval of scheme for Dasu project

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ISLAMABAD: The Central Development Working Party (CDWP) on Wednesday deferred approval of Rs132 billion plan for power evacuation from the Dasu hydropower project after a cost overrun of almost 46 per cent, but cleared four other development schemes having a total estimated cost of about Rs126bn. The meeting of the CDWP was presided over by the Planning Commission’s deputy chairman, Mohammad Jehanzeb Khan. The meeting also deferred approval of a $200 million World Bank-funded “Pakistan Goes Global” project and asked the authorities to address technical objections. Officials said the evacuation…

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Dissecting the IPP agreement

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The writer is a former member of the Energy Planning Commission and author of ‘Pakistan’s Energy Issues: Success and Challenges’. Recently an agreement has been signed between a section of IPPs and the government towards resolving the undue and high cost of generation charged by the IPPs. Two separate agreements have been made, one with Wind IPPs and the other with Furnace Oil IPPs (FOIPP). There has been a mixed reaction from experts/analysts. The most extensive agreement that has been made is with Wind IPPs and the most egregious and…

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Pakistan to import Euro-5 standard petrol from Sep 1: Nadeem Babar

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ISLAMABAD, Aug 19 (APP):Special Assistant to the Prime Minister (SAPM) on Petroleum Nadeem Babar Wednesday said the country would start importing only Euro-5 standard petrol from September 1, aimed at providing quality fuel and tackling environmental issues. “Efficiency-wise, the Euro-5 petrol is far better than the existing Euro-II and will be available without any additional cost,” he said while sharing two-year performance of the Pakistan Tehreek-e-Insaf (PTI) government here at a news conference along with members of the federal cabinet. After December 31, he said only Euro-5 standard diesel would…

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Work on North-South Pipeline set to kick off

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ISLAMABAD: Experts see the Supreme Court’s decision in the gas infrastructure development cess (GIDC) case as a major breakthrough that will help kick off work on the stalled North-South Gas Pipeline by the public utilities. The pipeline will pump imported gas from south to north to feed Punjab industries and will send positive signals to the companies planning to set up new liquefied natural gas (LNG) terminals. In a recent judgement, the Supreme Court directed the federal government to take all steps to commence the laying of North-South Gas Pipeline…

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Bangladesh LNG imports reach record high

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Bangladesh’s LNG imports rose sharply on the year in July and were the highest for any month since the country started importing LNG in 2018. Receipts at Bangladesh’s two floating storage and regasification units (FSRUs) rose by 80pc to 497,300t last month from 275,900t in July 2019, judging by vessel size. Last month’s imports were the highest since the country started importing LNG in April 2018. The previous record was set in October, when the country absorbed 495,700t. The Covid-19 outbreak weighed on demand late in the first quarter and…

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