Month: July 2022

Four $2.3bn power projects declared ‘problematic’

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The Ministry of Economic Affairs has reportedly declared four power sector projects worth $2.3 billion problematic and directed the Power Division and its attached organizations to expedite implementation of the projects. This was the crux of the third follow-up meeting of National Coordination Committee (NCC) of Federal Energy Sector (EES) held in the Ministry of Economic Affairs, which reviewed progress made on its decisions taken on November 5, 2022, February 25, 2021 and May 26, 2021 meetings The meeting was attended by Special Assistant to Prime Minister, Additional Secretary, (Power…

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Delay in fault diagnosis keeps 969MW power plant shut

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The 969MW Neelum-Jhelum Hydropower Project is unlikely to become operational soon as the technical fault that forced its closure a few days ago is yet to be ascertained by the local authorities. That is why Prime Minister Shehbaz Sharif on Wednesday held a meeting on the issue and ordered to have it inspected by international institutions to find out the reason behind the technical fault. After that, immediate measures would be taken to restore the operations of the plant. The Neelum-Jhelum power plant has suffered a fault following a blockage…

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Federal Minister for Planning and Development Ahsan Iqbal

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Federal Minister for Planning and Development Ahsan Iqbal on Thursday stressed the need for honouring the pledges and commitments to investing $600 billion in clean energy. “We welcome the Global Roadmap for Accelerated Sustainable Development Goals (SDGs) Action, developed in the 2021 highlevel dialogue and over 200 Energy Compacts, including pledges of $600 billion… yet actions have to match the pledges and commitments,” he said. The minister was addressing a high-level luncheon on “Accelerating SDG 7 Action for the 2030 Agenda and the Paris Agreement: Universal Energy Access” held at…

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IMF Worries Over CPEC Energy Deals Still Loom Large

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Pakistan has assured the International Monetary Fund (IMF) that it would try to receive concessions from the China-Pakistan Economic Corridor (CPEC) power plants in the shape of either reduction in the profit rates on investment or rescheduling the loan repayments. The issue of reopening of the purchase agreements of the power generation plants set up under the multi-billion dollar CPEC is unlikely to die down in the near future. The previous PTI government had also made a similar commitment with another global lender – the World Bank (WB) – for the sake…

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Solar Electric Charging Stations Will Encourage People to Buy EVs: Report

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Range anxiety is among the main reasons why people do not buy electric vehicles (EVs). However, a study conducted by researchers from Oregon State University claims that solar-powered EV charging stations could address that issue. Researchers, Casey L. Steadman, and Chad W. Higgins found out that solar power-based EV charging infrastructure near rural highways can encourage people to shift to EVs. Their hypothesis is that rural areas are devoid of EV charging stations, hence the reluctance among residents to buy EVs. PAC Calls for a Reduction in Fuel Prices: ReportPeople’s…

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