Year: 2022

In the wake of no required action by PTI government to resolve the issue of inclusion of escalated cost in true-up tariff, Korean investors have moved London Court of International Arbitration (LCIA) against the government of Pakistan seeking $94 million (Rs19.6 billion) as compensation. The Korean investors pleaded National Transmission & Despatch Company (NTDC) failed to evacuate electricity from 147MW Patrind Hydropower Project for at least six months from the COD of the project and also the cost incurred on construction of a point from where the electricity was to…

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The introduction of a wholesale electricity market in Pakistan will attract more Chinese investment in the renewable energy sector of the country, an investment expert said. The National Electric Power Regulatory Authority (Nepra) on June 6 awarded market operator licence to Central Power Purchasing Agency-Guarantee (CPPA-G) under the Competitive Trading Bilateral Contract Market (CTBCM) initiative. The new regime allows large consumers of one megawatt or above to directly purchase electricity from the generation or transmission company of their choice at mutually agreed tariffs and terms and conditions. The new regulations…

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Pakistan currently imports liquefied natural gas (LNG) through a government-to-government agreement (15-year contract with Qatar on a take-or-pay basis) and four arrangements with private vendors in Italy and Qatar (also term contracts on take-or-pay basis). Over the last three years, these term agreements have accounted for more than 87% of all LNG shipped into Pakistan. The remainder 13% was made up of spot purchases to meet demand that exceeded the term commitment. Talk of the town is that Pakistan is going to face the shortage of LNG because it is…

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Quadrilateral Traffic and Transit Agreement (QTTA) among Pakistan, China, Kyrgyzstan and Kazakhstan, he replied that due to some certain circumstances, such as the difficulties with transiting goods through the territory of Afghanistan, in past problems with crossing Chinese border because of COVID-19 pandemic and some other issues, the potential of QTTA was not being used in full manner. He said the QTTA was signed on March 09, 1995 in Islamabad to facilitate transit traffic and trade among the member countries to provide an effective connectivity network between Central Asia and…

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Wind energy contributes significantly to the energy sector’s sustainable, low-CO2 transformation. However, the efficiency of wind turbines depends on available wind resources and the technical characteristics of the turbines. Climate change, of all things, is causing the global wind resource to diminish in the 21st century. At the same time, the technical properties of wind turbines are steadily improving. Based on global climate models and newly developed techno-projections, researchers Dr. Christopher Jung and Dr. Dirk Schindler were able to estimate these two opposing influencing factors and calculate their impact on…

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