Year: 2024

Pakistan Seeks Chinese Investments in Renewable Energy to Reduce Fuel Dependence

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Power-IPP

ISLAMABAD: Pakistan has invited Chinese companies to invest in its renewable energy and offshore wind sectors as part of efforts to address its energy crisis and reduce reliance on costly fuel imports, state media reported on Monday. Speaking at the High-Quality Development of Offshore Wind Power Supply Chain seminar in Fuzhou, China, Pakistan’s Ambassador to China, Khalil Hashmi, highlighted the country’s renewable energy potential. “With a coastline exceeding 1,000 kilometers, Pakistan has a natural advantage for developing renewable energy resources,” he stated, urging Chinese investors to explore offshore wind opportunities.…

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Pakistan’s Power Generation Grows 7% YoY in October Amid Rising Costs

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Power-Plants

KARACHI: Pakistan’s power generation increased by 7% year-on-year (YoY) in October 2024, reaching 10,262 GWh compared to 9,572 GWh in October 2023, driven primarily by a surge in coal-based generation. However, electricity generation costs also rose by 10% due to higher expenses associated with coal and nuclear power. Month-on-month, power generation fell by 17.8% from 12,487 GWh in September 2024. Over the first four months of the fiscal year, total generation declined by 5% YoY to 50,808 GWh compared to 53,709 GWh in the same period last year. For the…

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KE Urges PPIB to Expedite NTDC Feedback on Cat-III Wind Projects

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power-subsidy

ISLAMABAD: K-Electric (KE) has called on the Private Power and Infrastructure Board (PPIB) to obtain feedback from the National Transmission and Distribution Company (NTDC) regarding the status of Category-III (Cat-III) wind projects, including the submission of the Request for Proposal (RFP) to the National Electric Power Regulatory Authority (Nepra). In a letter to PPIB Managing Director Shah Jahan Mirza, KE’s Chief Strategy Officer, Shaab Qader Khan, emphasized the urgency of including 480 MW of wind capacity—300 MW for Cat-III wind projects and 180 MW for other wind projects—into the Indicative…

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World Bank Recommends Transferring DISCOs to President Before Privatisation

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world-bank

ISLAMABAD: The World Bank has proposed transferring ownership of 10 power distribution companies (DISCOs) to the president of Pakistan as part of a privatisation strategy aimed at mitigating the sector’s burden on the national exchequer. The recommendation is among nine key prior actions outlined by the World Bank to ensure successful privatisation. These include cleaning up DISCOs’ balance sheets, notifying tariff and subsidy guidelines, and developing a new electricity policy to reduce technical and commercial losses. During a Senate Standing Committee on Privatisation briefing, chaired by Senator Tallal Chaudhry, it…

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Pakistan Approves Sale of 35% Newly Discovered Gas Reserves to Private Sector

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Gas-OGDCL

ISLAMABAD: After nearly a year of deliberation, a high-level committee, chaired by Deputy Prime Minister Ishaq Dar, has approved the sale of 35% of newly discovered gas reserves to private entities through a competitive bidding process. The decision, aimed at addressing liquidity challenges faced by exploration and production (E&P) companies, is expected to attract $4-5 billion in new investment for offshore exploration. A cap of 100 million standard cubic feet per day has been set for the first year, with annual reviews planned. This framework will be presented to the…

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