Chinese companies are ready to invest $15 billion in Pakistan’s petrochemicals sector in Gwadar, including the project of energy pipeline from Gwadar to China. In this regard, Board of Investment (BOI) Federal Secretary Fareena Mazhar on Sunday said bilateral talks were underway for investment in various projects related to Chinese investment in Pakistan. It was hoped that in the future,…
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Chairman National Electric Power Regulatory Authority (NEPRA) Tauseef H. Farooqi along with other members Rafique Ahmad Shaikh, Engr Maqsood Anwar Khan and CSR consultant, Huma Zafar Sunday visited Gul Ahmed, Master Wind Energy & Tricon Boston Wind Power Plants located in the wind corridor in Jhimpir, District Thatta, Sindh. The visit aimed at observing the level of performance and delivery…
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A day before, Senate Standing Committee on Planning and Development chairman Saleem Mandviwala had stated the Chinese were not satisfied with the pace of work on CPEC and no progress on the portfolio was seen during the last three years. “They (Chinese) are crying… the Chinese ambassador has complained to me that you (PTI government) have destroyed CPEC and no…
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People and their managers are working so hard to be sure things are done right that they hardly have time to decide if they are doing the right things.” Stephen Covey’s above statement aptly fits the back-and-forth shuttling that is currently going among the NTDC, NEPRA, and the government on the draft Indicative Generation Capacity Expansion Plan (IGCEP). In the…
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LONDON, Sept 13 (Reuters Breakingviews) – Natural gas is having its moment in the sun. The price of the fossil fuel in Europe has risen fivefold since last year, to more than 50 euros per megawatt hour. That has pushed power prices across the continent to their highest in over a decade, and presents both a problem and an opportunity…
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What has triggered the energy market crisis?The UK’s wholesale energy markets have reached record highs in recent weeks. The trouble stems from a global surge in demand for gas following a cold winter that left gas storage facilities depleted, plus a rebound in post-lockdown energy demand across Asia. A race to refill gas stores before the return of colder temperatures…
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This is the final article in a series that examines Environmental, Social, and Corporate Governance (ESG) programs in the oil industry, with an emphasis on how some companies are using hydrogen to improve their metrics. Previous articles were: Today I want to talk about specific examples of how various companies are incorporating hydrogen into their businesses. Alerian on Midstream ESGThe…
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Pakistan is suffering from circular debt, mostly due to high capacity charges, which have been further aggravated due to excess capacity and its underutilisation. One of the solutions that have been discussed and even partly implemented is tariff reforms. A logical argument is that electricity utilisation will increase if tariff is brought down. The risk, however, is that the utilisation…
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With a gas price hike of 7-14 per cent due in the first week of next month as required under a determination of the Oil & Gas Regulatory Authority (Ogra), the government has started thinking a little differently. Finally, it has decided to start giving price signals to consumers based on energy availability and its cost of supply. To begin…
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Pakistan is not very rich in natural resources and endowments but very poor in managing whatever it has and even poorer in recognising the potential of such resources and (mis) use by others. Fresh water and data are two prime examples in this case. Let us start with the fresh water. A country that was once blessed with abundant fresh…
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