Azad Pattan Hydropower Project, having capacity to annually generate 3064 GWh, would be completed by 2026 to generate cheap and environment friendly power. The 700 MW project is located on Jhelum River roughly 7 km upstream of Azad Pattan Bridge in the Sudhanoti District, Azad Jammu and Kashmir, Pakistan and 90 km from Islamabad, the capital city of Pakistan, said official source of Ministry of Water Resources. The project’s $1.5 billion investment agreement was signed between Chinese state-owned China Gezhouba Group and Pakistan in July 2020, in a ceremony attended…
Read MoreMonth: July 2022
Govt plans to increase local share to 90pc by 2030 as EDB all set for policy on solar energy
The Engineering Development Board (EDB) is all set to submit its policy document on solar panels and allied equipments manufacturing to the government by the end of this month. The policy document would revealed as how to promote the use of alternate energy resources to overcome power shortages in the country. It also said that the country is facing serious energy shortages with record prices that had directly and indirectly affected all sectors of the economy. The country’s electricity demand has reached almost 29,000 MW total whereas generation is about…
Read MoreNTDC acquires land for construction of grid station in Chakwal
National Transmission and Despatch Company Limited (NTDC) has acquired 758 Kanal and 3 Marla land for the construction of 500 kV grid station Chakwal. The contractor has been mobilized for construction of boundary wall. This project remained at halt for many years due to severe land acquisition issue. A senior officer said establishment of 500 kV grid station in Chakwal district would help in the development of industries. Construction of Two 500 kV transmission lines from Ghazi Brotha – Gatti and Gakkar – Rawat will also be part of this…
Read MoreSolar investment need of the hour
Not far away is a solar panel powering the small appliance that is indispensable for many in summer. Solar panels, each with a cost of about Rs120,000, are more commonly seen inhis village. “Many households in our village have solar panel, especially for air conditioning in summer. As more Chinese companies are providing solar panels to Pakistan, the problem of electricity shortage is greatly alleviated,” he told China Economic Net (CEN). In Pakistan, the insufficiency of power, which leads to surging electricity tariff and foreign exchange expenditure on imported energy,…
Read MoreRs500bn addition to circular debt: Power Division holds Nepra responsible
The Power Division has reportedly held National Electric Regulatory Authority (Nepra) responsible for addition of Rs 500 billion to the circular debt flow in FY 2021-22 totaling Rs 850 billion due to delay in notifications for rebasing of Rs 7.91 per unit and Quarterly Tariff Adjustment (QTA) determination. Background interaction with officials dealing with the financial issues of power sector indicates that the Power Division was expecting growth of Rs350 billion in flow of circular debt during FY 2021-22 subject to systematic actions by the power regulator. However, delays in…
Read More