Month: January 2021

Snag hits conversion of MoUs into amended PPAs

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ISLAMABAD: Amid the stalemate with 47 IPPs over the newly worked-out payment mechanism and resolution of disputed issue of excessive profits of Rs53 billion, the wind IPPs have communicated to the government in plain words that they will not sign MoUs unless and until curtailment of power evacuation from them is ensured. Some 47 IPPs signed the MOUs on August 13, 2020 paving way to signing the amended power purchase agreements, in six months ending in February 12, 2021. Once the amended PPAs are signed, the government will mop up…

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Ministry to Introduce Flare Gas to Resolve Shortage in CNG Stations and Industries

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In the face of growing gas shortages in Pakistan, the Ministry of Energy is taking multiple measures to mitigate the situation. One such innovative step is to induct local gas into the system from stranded oil and gas fields via a virtual pipeline mechanism. Virtual pipelines are specialized modules that can carry natural gas in compressed form safely, securely, and in an economically viable manner across distances. This method can also drastically help solve one of the major environmental problems faced in the Oil and Gas world, which is methane…

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Water crisis: Why is Pakistan running dry?

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According to a recent report by the International Monetary Fund (IMF), Pakistan ranks third in the world among countries facing acute water shortage. Reports by the United Nations Development Programme (UNDP) and the Pakistan Council of Research in Water Resources (PCRWR) also warn the authorities that the South Asian country will reach absolute water scarcity by 2025. “No person in Pakistan, whether from the north with its more than 5,000 glaciers, or from the south with its ‘hyper deserts,’ will be immune to this [scarcity],” said Neil Buhne, UN humanitarian coordinator…

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CCOE forms body to streamline gas connections

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ISLAMABAD: The Cabinet Committee on Energy (CCOE) has formed a committee to streamline the process for providing industrial gas connections in Balochistan. The committee will formulate criteria for approving the new connections to eliminate possibility of any discretionary decision. A meeting was held under the chairmanship of Federal Minister for Planning, Development and Special Initiatives Asad Umar in Islamabad on Thursday. The Petroleum Division proposed the setting up of a committee for streamlining the process of industrial gas connections in Balochistan. The cabinet body on energy approved the proposed committee and directed…

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Turkmenistan eyes MoU with Gwadar Port

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ISLAMABAD: Pakistan and Turkmenistan are engaged in efforts to deepen trade relations between the two countries. During a meeting between Ambassador of Turkmenistan to Pakistan Atadjan Movlamov and Adviser to Prime Minister on Commerce Abdul Razak Dawood, both sides discussed the historical bilateral relations. They agreed that the bilateral trade was below its true potential and resolved to increase the volume. In light of Pakistan’s interaction with Afghanistan and Uzbekistan, now Turkmenistan also wants to enhance trade relations with Pakistan. Hence, the Ministry of Commerce is developing a strategy to…

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