Year: 2024

Wapda Prepares Strategy for Chashma Lift Canal Construction

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Chashma-Lift

PESHAWAR: The Water and Power Development Authority (Wapda) is formulating a strategy to initiate construction work on the Chashma Lift Canal (CLC) Project, according to Shafiq Khan Betni, General Manager of Wapda North. The update was shared during a meeting with Khyber Pakhtunkhwa Governor Faisal Karim Kundi at the Governor House. The GM announced that a special directorate has been established at the Chashma Right Bank Canal Colony in D.I. Khan to oversee the project. Governor Kundi expressed his optimism, highlighting that the Chashma Lift Canal is crucial not only…

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KOEN Urges Nepra to Uphold Policy Integrity and Set Tariffs for Hydropower Projects

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dam-hydro

ISLAMABAD: Korea-South East Power Company (KOEN) has called on the National Electric Power Regulatory Authority (Nepra) to determine tariffs for its hydropower projects under the Power Generation Policy 2015. KOEN emphasized that the Government of Pakistan (GoP) and its regulatory bodies must maintain the integrity of their policies to attract and retain foreign investment. During a recent Senate Standing Committee on Power meeting, KOEN sought government support for its projects. However, Minister for Power Sardar Awais Leghari and Nepra Chairman Chaudhry Waseem Mukhtar clarified that no new projects would be…

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Towards Green Energy: Leveraging CPEC for Pakistan’s Climate Goals

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New-CPEC

Pakistan faces immense challenges in addressing its climate crisis, with the World Bank estimating a need for $348 billion by 2030 to meet climate adaptation and mitigation goals. Of this, $152 billion is allocated for adaptation and resilience, while $196 billion is needed for decarbonization. The nation’s 2021 Nationally Determined Contributions set an ambitious goal of reducing projected emissions by 50%, with 15% coming from domestic resources and 35% contingent on international support. Key to this effort is Pakistan’s green energy transition, requiring $101 billion by 2030, with an additional…

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China-Pakistan green cooperation gains pace, a viable model of sustainable development: expert

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hydropower

Chinese and Pakistani engineers celebrate the starting of first unit wet testing of Suki Kinari Hydropower Project in Mansehra district of Khyber Pakhtunkhwa province, Pakistan, June 16, 2024. The first unit of the China-built Suki Kinari Hydropower project in northwest Pakistan was started up and formally entered the wet testing phase on Sunday. (Photo: Xinhua)Pakistan and China are deepening cooperation in emerging green sectors through the China-Pakistan Economic Corridor (CPEC), Mustafa Hyder Sayed, executive director of the Pakistan-China Institute told the Global Times in a recent exclusive interview.  Sayed viewed…

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Task Force Proposes Shift to Take-and-Pay Model for IPPs to Ease Consumer Burden

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power-subsidy

ISLAMABAD: A task force, formed by the prime minister to address capacity payments to Independent Power Producers (IPPs), has proposed transitioning from the current capacity-based payment model to a take-and-pay system. This change aims to relieve electricity consumers from paying for non-operating power plants, sources revealed on Friday. According to insiders, capacity payments currently make up 70% of the total energy costs paid by consumers. Under the existing agreements, consumers must pay for the full capacity of plants, even when they are not generating electricity. This results in an annual…

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