Year: 2022

Khyber Pakhtunkhwa (KP) has urged the federal government to allocate a separate block of at least 3,000MW of candidate projects in the next iteration of IGCEP for hydropower projects at par with renewable energy schemes. The request was made by KP Chief Secretary Dr Shahzad Khan Bangash in a letter to Secretary Power, Syed Asif Hyder Shah. His letter is in response to a letter of Board of Investment (BoI) of February 11, titled “foreign direct investment of $3 billion by Korean investors is jeopardized”. According to the Chief Secretary,…

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Ministry of Energy on Thursday discussed fuel stocks position of power sector and directed concerned organizations to arrange required funds and ensure supply in April 2022, well informed sources told Business Recorder. The meeting was informed that electricity demand has increased by 45 per cent in April 2022 as compared to correspondent month of 2021, which has created fuel shortage in some of the plants. Another reason of higher demand is high temperatures, which has increased power demand. National Power Control Centre (NPCC) informed the meeting that operations of power plants…

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The PTI (Pakistan Tehrik-e-Insaf) government decided to freeze petroleum and electricity prices in the end of February for four months. That decision is haunting today. The prices were brought down and frozen at a time when international oil prices were skyrocketing due to Russia’s invasion of Ukraine. Pakistan’s government could not afford the luxury of absorbing the subsidy. The demand has remained unchecked as consumers are not paying the market price. Due to this, petroleum import bill is growing and that is a cause of great concern for a country…

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Pakistan is currently in the midst of political upheaval and economic uncertainties. It may appear odd that anyone would be interested at this juncture in reading about the long-term development path of the country. However, it must be emphatically submitted that in our pursuit of immediate and short-term relief and gratification we have been pursuing a band aid fix-it-now approach postponing and neglecting the serious deep-rooted structural problems that are indeed the main cause of our secular economic decline and frequent economic crises. It is a clarion call for our…

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The world’s largest offshore wind turbine maker, Siemens Gamesa, plans to speed up production by opening a facility that has the capability to manufacture all turbine components under one roof. The company has started manufacturing of nacelles and blades at its new facility in Le Havre. Believed to be the world’s first facility to encompass both offshore wind turbine nacelle and blade manufacturing under one roof, the plant is the largest industrial renewable energy plant in France. The factory will supply offshore wind components both to the budding French market…

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