Korean firm moves arbitration court against Pakistan​

In the wake of no required action by PTI government to resolve the issue of inclusion of escalated cost in true-up tariff, Korean investors have moved London Court of International Arbitration (LCIA) against the government of Pakistan seeking $94 million (Rs19.6 billion) as compensation. The Korean investors pleaded National Transmission & Despatch Company (NTDC) failed to evacuate electricity from 147MW…

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More Chinese investment in renewable energy likely

The introduction of a wholesale electricity market in Pakistan will attract more Chinese investment in the renewable energy sector of the country, an investment expert said. The National Electric Power Regulatory Authority (Nepra) on June 6 awarded market operator licence to Central Power Purchasing Agency-Guarantee (CPPA-G) under the Competitive Trading Bilateral Contract Market (CTBCM) initiative. The new regime allows large…

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Structural issues in way of LNG liberalisation

Pakistan currently imports liquefied natural gas (LNG) through a government-to-government agreement (15-year contract with Qatar on a take-or-pay basis) and four arrangements with private vendors in Italy and Qatar (also term contracts on take-or-pay basis). Over the last three years, these term agreements have accounted for more than 87% of all LNG shipped into Pakistan. The remainder 13% was made…

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Kyrgyz envoy urges for completion of CASA-1000 energy projects

Quadrilateral Traffic and Transit Agreement (QTTA) among Pakistan, China, Kyrgyzstan and Kazakhstan, he replied that due to some certain circumstances, such as the difficulties with transiting goods through the territory of Afghanistan, in past problems with crossing Chinese border because of COVID-19 pandemic and some other issues, the potential of QTTA was not being used in full manner. He said…

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Wind Turbines Can More than Compensate for Decline in Global Wind Resource

wind energy

Wind energy contributes significantly to the energy sector’s sustainable, low-CO2 transformation. However, the efficiency of wind turbines depends on available wind resources and the technical characteristics of the turbines. Climate change, of all things, is causing the global wind resource to diminish in the 21st century. At the same time, the technical properties of wind turbines are steadily improving. Based…

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Tata Power commissions India’s largest floating solar power project

The project is installed on a 350-acre water body in Kayamkulam, Kerala, a company statement said. The installation was completed within the stipulated period, despite the arduous challenges of variable water depths, high sea tides, and severe water salinity concerns, it stated. This project is the first in the Floating Solar Photovoltaic (FSPV) through power purchase agreement category, the company…

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High-level Dialogue on Global Development of world leaders

High-level Dialogue on Global Development was held on the margins of the 14th BRICS Summit. It was chaired by President Xi Jinping of the People’s Republic of China and attended by President Vladimir Putin of the Russian Federation, Prime Minister Narendra Modi of the Republic of India, President Cyril Ramaphosa of the Republic of South Africa, Vice President Hamilton Mourão of the Federative Republic…

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