Author: Admin

ISLAMABAD, 23 July 2025 — The Petroleum Division is grappling with a mounting crisis as power plants significantly reduce their off-take of Regasified Liquefied Natural Gas (RLNG), pushing the Sui Northern Gas Pipelines Limited (SNGPL) system to dangerously high pressure levels. According to Deputy Director (Tech Gas) Salahuddin Khan, the power sector’s RLNG consumption has fallen far below its committed demand of 600 MMCFD for July 2025. On July 16, the actual consumption stood at just 327 MMCFD, with a monthly average of 501 MMCFD. The situation worsened on July…

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ISLAMABAD, 23 July 2025 — Denmark will initiate a three-year Strategic Sector Cooperation (SSC) programme with Pakistan’s power sector, starting January 1, 2026, to enhance technical expertise and accelerate the country’s energy transition. Danish Ambassador Jacob Linulf confirmed that the initiative—spearheaded by the Danish Energy Agency (DEA)—will focus on long-term energy planning, integration of variable renewable energy (VRE), and improving industrial energy efficiency. The SSC aims to support Pakistan in developing a more efficient, reliable, and sustainable power system. To formally launch the program, a high-level Danish delegation led by…

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ISLAMABAD, 23 July 2025 — The Public Accounts Committee (PAC) launched a scathing critique of the Ministry of Energy during a detailed review of audit objections, highlighting skyrocketing electricity costs, unchecked growth in capacity payments to independent power producers (IPPs), prolonged load-shedding, and stalled development projects. Chaired by MNA Junaid Akbar Khan, the PAC questioned officials from the Central Power Purchasing Agency (CPPA-G) on the exponential rise in IPP capacity—from 9,765MW in 2015 to 25,642MW in 2024—and the corresponding surge in annual capacity payments from Rs141 billion to Rs1.4 trillion.…

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IRENA Report Confirms Renewables’ Global Cost Leadership Amid Grid, Financing Challenges Abu Dhabi, 23 July 2025 — The International Renewable Energy Agency (IRENA) has confirmed that 91% of new renewable energy projects commissioned in 2024 were cheaper than the most affordable fossil fuel alternatives. In its latest Renewable Power Generation Costs in 2024 report, IRENA highlights that renewables are now the world’s most cost-effective power sources—delivering economic, environmental, and security benefits globally. Onshore wind emerged as the most economical technology at USD 0.034/kWh, while solar PV followed at USD 0.043/kWh—making…

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