The power generation mix has been made to shift away from furnace oil as coal and RLNG sources were added to the mix over the last few years. The share of furnace oil in power generation fell from 7.4 percent in FY19 to 3.4 percent in FY20; and the same fell from 5 percent in CY19 to 4 percent in CY20. However, the use of furnace oil by the power sector has again picked up and FY21 so far has seen significant increase in the use of fuel. This is…
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LAHORE: Diamer-Bhasha Dam will change the fortune of country, particularly of Gilgit-Baltistan (G-B), remarked Water and Power Development Authority (Wapda) Chairman Muzammil Hussain. In a meeting with G-B Chief Minister Muhammad Khalid Khursheed on Thursday, he praised continued support of the region for building the massive dam. Matters pertaining to hydro development in the region and confidence-building measures (CBMs) undertaken by Wapda in the project area for socio-economic development of locals were discussed in detail during the meeting. Hussain highlighted various facets of CBMs being implemented at a cost of Rs78.5…
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ISLAMABAD: The Cabinet Committee on Energy (CCoE) on Thursday did not approve payment of Rs399 billion to independent power producers to let all the members satisfy their conscience in three days if the finalised deals are prudent and no wrong decision is being imposed. Presided over by Minister for Planning and Development Asad Umar, the committee also desired that sponsors of the upcoming LNG terminal should be given maximum confidence to complete their projects and warned some stakeholders that moving the goalposts that discourage private local and foreign investors would…
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SINGAPORE: Pakistan State Oil (PSO) is seeking a liquefied natural gas (LNG) cargo for delivery in April through a tender after a five-year contract with commodity trader Gunvor expired in December, three industry sources told Reuters. If awarded, this will be the state-owned company’s first spot purchase in about three years, two of the sources said. PSO last sought spot cargoes in October, for delivery over November to January, but did not award the tender as demand had dropped amid the coronavirus pandemic and a surge in hydropower generation, one…
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LAHORE: In a bid to cut down reliance on the national grid, Punjab plans to generate over 5,000MW electricity — including 300MW through launch of several small hydropower projects — under short, medium and long-term strategies by 2024. The province has also floated tenders to launch construction of 12 mini hydropower projects before June this year, Dawn has learnt. “Save electricity for yourself and the nation is a slogan of the federal government, but we have slightly changed it for Punjab. ‘Make Electricity for yourself and the nation’ is our slogan,” Punjab…
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