Year: 2022

Indicative Generation Capacity Expansion Plan (IGCEP) 2030 has focused mainly on adding hydropower into the energy mix at the cost of wind and solar power,” experts said at a consultative session on Utility-scale Renewable Energy Transition in Pakistan, organised by Policy Research Institute for Equitable Development (PRIED). Energy experts said renewables were the only long-term solution to resolve the country’s energy crisis. Samir Ahmed, Principal Consultant and CEO at Energy Future Consulting said renewables were the cheapest solution both in the long and short term. “The only stumbling block in…

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Amid ongoing protests against inflated electricity bills, the National Electric Power Regulatory Authority (Nepra) has indicated allowing power distribution companies to raise the power tariff by Rs3.39 per unit on account of quarterly adjustments. The fresh increase in electricity rates will put an additional burden of Rs94 billion on consumers who were already making a hue and cry over inflated bills. Critics have argued that the increase in electricity rates is due to faulty agreements with Independent Power Producers (IPPs) made by the previous governments, and inefficiency and power theft…

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Oil and Gas Regulatory Authority (Ogra) has swung into action after complaints rolled in against the LPG mafia selling liquefied petroleum gas at an exorbitant price of up to 90% higher than Ogra’s determined rates for September. LPG Industries Association Chairman Erfan Khokhar claimed that LPG is being sold at Rs300-360 per kilogram instead of the Rs212 per kilogram rate determined by Ogra for the month of September 2022. Further highlighting in flood affected areas, LPG is being sold for up to Rs400 kilogram, 90% higher than Ogra’s determined rate.…

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Ambassador of Iran to Pakistan, Mohammad Ali Hosseini on Tuesday said the Iranian government is ready to complete the Pak-Iran gas pipeline to enhance cooperation in the energy sector. Iran wants full cooperation with Pakistan in gas and other sources of energy, he said. “To further strengthen trade cooperation with Pakistan, completion of energy projects, especially the Pak-Iran gas pipeline, remains vital,” he said in an interview to APP. Adding that other initiatives to enhance economic cooperation include progress in the establishment of a border market, finalisation of a free…

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Asian Infrastructure Investment Bank (AIIB) has shown keen interest in financing Pakistan Water and Power Development Authority (Wapda) projects and will remain closely associated with the authority. “AIIB will look into possibilities of financial assistance for Wapda projects,” said AIIB Director General (Investments) Supee Teravaninthorn. She was leading a business development mission of AIIB that met Wapda Chairman Lt Gen (Retd) Sajjad Ghani on Tuesday. “Wapda intends to replace 9,000 megawatts of electricity being generated from the costly fossil fuel with clean and low-cost hydel energy,” remarked Ghani during the…

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