Author: Admin

Pakistan Wind Energy Association Raises Alarm Over Continuous Power Curtailment

Admin
wind-energy

The Pakistan Wind Energy Association (PakWEA) has sounded the alarm over persistent power curtailment affecting Wind Power Producers (WPPs), leading to financial strain and project viability concerns. PakWEA has urgently requested attention from federal authorities to address the ongoing curtailment issues that threaten the financial sustainability of WPP projects. In a letter to the Power Minister, PakWEA highlighted that the excessive curtailment has put WPP members in a precarious position, jeopardizing their ability to meet debt obligations and maintain project viability. This situation is particularly concerning as many WPPs have…

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Ahsan Zafar Syed Appointed as President and CEO of Engro Corporation

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Ahsan-Zafar

Engro Corporation proudly announces the appointment of Mr. Ahsan Zafar Syed as its 5th President and CEO, marking a new era of leadership for the company. Mr. Syed, who joined Engro in 1991 as a young engineer, brings over three decades of invaluable experience in operations, project management, and strategic leadership across multiple sectors. During his tenure, Mr. Syed has been instrumental in achieving significant milestones for Engro. Noteworthy among his achievements is the successful execution of the $1.1 billion fertilizer expansion project, showcasing his strategic acumen and operational excellence.…

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PRIVATIZATION, THE WAY FORWARD TO ELIMINATE CIRCULAR DEBT: CEO K-ELECTRIC

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circular-debt-K-electric-ceo

During the ‘7th Leaders In Islamabad Summit’, power sector experts and leaders, including the CEO of K-Electric and the Minister of Energy, Awais Leghari, shared their views on the future of the energy sector in Pakistan. Mr. Moonis Alvi, CEO of K-Electric, said, “Pakistan’s power sector is poised for a significant transformation, with privatization being the way forward to eliminate the circular debt.”

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Pakistan Ranks 5th in ADB Loans and Grants, Receives $1.8 Billion Disbursement in 2023

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Asian-bank

Pakistan has emerged as the fifth-largest recipient of loans and grants from the Asian Development Bank (ADB), receiving a total disbursement of $1.8 billion in 2023. When factoring in co-financing, the disbursement figure rises to $2.353 billion for the same period, according to the ADB’s annual report for 2023 released recently. The report highlighted Pakistan’s significant role in receiving ADB support, particularly in addressing food insecurity and climate resilience challenges. The ADB is actively involved in various projects across Pakistan, ranging from agricultural productivity improvements and food security enhancements in…

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Gas Supply Constraints Continue Despite Reduction in Local Gas Flow

Admin
gas-loadshading

The country’s gas transmission system faces ongoing challenges as local gas fields have reduced supply to prevent system breakdowns, leading to a significant drop in gas volume pressure. Despite reducing local gas flow by 342 mmcfd, the line pack pressure in the Sui Northern System has escalated to a dangerous level of 5.155 bcfd as of April 25, 2024. Energy ministry officials noted that the reduction in local gas flow poses risks to maintaining current production levels. However, there are limited options available to ease pressure, especially as RLNG consumption…

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