Khyber Pakhtunkhwa and Balochistan on Wednesday expressed displeasure as their power generation projects

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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…

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Global natural gas crisis dampens momentum for ‘cleaner’ LNG

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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…

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K-Electric’s major controlling share sold to offshore BVI company

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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…

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Billions needed to expand CPEC

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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…

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Iran-Pakistan gas pipeline project is back on the table

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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…

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By using Kandhkot gas, Qadirpur plant can help Pakistan save $2bn: CEO Engro Powergen Qadirpur

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Engro Powergen Qadirpur Limited (EPQL) CEO Shahab Qader said on Wednesday that his company is looking to use gas from low British thermal unit (BTU) gas fields in the vicinity of Qadirpur to generate cheap and affordable electricity. The company aims to help reduce Pakistan’s import bill by $2 billion by using the cheap energy. In comments to Business Recorder,…

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Oil could skyrocket to $150 a barrel next year, and underinvestment could mean tight supply for the next decade, JPMorgan energy strategist warns

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Oil prices could skyrocket to $150 a barrel next year, and underinvestment in the industry could mean tight supply for the next decade, a JPMorgan energy strategist warned. The bank estimates that oil could stick around $80 a barrel next year in event of a recession. But if supply grows tight, prices could easily soar to $150 a barrel, based…

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Decision to import 20 thousand metric tons of LPG per month

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Islamabad (Khalid Mustafa) Sui gas companies have decided to import 20 thousand metric tons of LPG per month to meet the energy shortage in winter. The price of which will be 780 dollars per metric ton. And it will not include general sales tax. However, if the Jamshoro Joint Venture Limited (JJVL) LPG extraction plant is made operational, it can produce 9,000 metric…

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Wind turbines a viable solution to energy crisis

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ISLAMABAD-Many households and businesses are seeking ways to generate power through their own sources due to the rising costs of electricity. Wind turbines are a terrific method to produce sustainable energy, lower the carbon footprint, and minimise energy costs. Rabia Liaquat, Head of the Department at Energy Systems Engineering, National University of Sciences and Technology (NUST), told WealthPK that compared…

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Energy efficiency to save $1.15b annually

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Amid high energy costs and an impending energy crisis, the government has approved energy and conservation measures preventing the outflow of $1.15 billion per annum. The people of Pakistan are currently paying high electricity prices and yet are suffering from prolonged power outages in addition to circular debt of multi-billion rupees. In their electricity bills, consumers are paying several surcharges…

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