Khyber Pakhtunkhwa and Balochistan on Wednesday expressed displeasure as their power generation projects were discarded from the 10-year Indicative Generation Capacity Expansion Plan (IGCEP) 2022-31.National Electric Power Regulatory Authority (NEPRA) on Wednesday held a public hearing on the petition of the National Transmission and Despatch Company (NTDC) to review and take comments from stakeholders on the IGCEP 2022-31. The IGCEP 2022-31 is meant for adding 36,292MW of least cost electricity to the national grid in a decade and maximising the indigenous sources for energy security. NTDC complained that despite written…
Read MoreDay: October 20, 2022
Global natural gas crisis dampens momentum for ‘cleaner’ LNG
Europe’s energy crisis has cooled efforts to lower the carbon intensity of liquefied natural gas (LNG) shipments, as buyers worried about a winter supply crunch prioritize securing shipments of any kind over burnishing their green credentials. Natural gas can be certified as low- or no-carbon if its producers can prove they have reduced greenhouse gas emissions associated with getting it to market, or if they purchase carbon offsets to cut its net climate impact. But the number of deals to ship carbon neutral LNG around the world has dropped to…
Read MoreK-Electric’s major controlling share sold to offshore BVI company
The Karachi Electric (KE) has confirmed to the Pakistan Stock Exchange (PSE) that a large part of the controlling stake in IGFC has been acquired by Sage Venture Group Limited, a British Virgin Islands registered special purpose company. The disclosure by KE comes after PSE wrote to the Karachi Electric seeking an explanation in relation to the potential sale of a large part of the controlling stake in Karachi Electric (KE) at the Cayman Islands Courts which was seen by this reporter after the publication of “KE’s controlling stake sale…
Read MoreBillions needed to expand CPEC
Pakistan may seek a multibillion-dollar financing window from China to fund 10,000 megawatts solar-powered electricity generation projects, as it is also set to make a new pitch for further expansion of the China-Pakistan Economic Corridor (CPEC) during Prime Minister Shehbaz Sharif’s visit. PM Shehbaz Sharif chaired a meeting on Wednesday to review and finalise the agenda for his maiden visit to Beijing, expected on November 1st. Pakistan has a long list of projects, including billions of dollars’ worth new schemes that it wants China to finance. These include a tripartite…
Read MoreIran-Pakistan gas pipeline project is back on the table
In order to minimize the energy deficit of the country, the coalition government is again seriously considering restarting work on Iran-Pakistan (IP) Gas Pipeline Project while following the international laws and guidelines, it was learnt by Profit on Tuesday. According to sources, the government is reviewing the whole process for resumption of work on the IP Gas Pipeline Project as there is a shortage of Liquefied Natural Gas (LNG) in the market. The source further said that the government is sincerely considering different solutions to resume work on the IP Gas Pipeline…
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