Author: Admin

AI and Battery Storage Innovations Key to Reducing Electricity Costs: German Ambassador

Admin
Battery-Storage

Islamabad, November 19, 2024: German Ambassador Alfred Grannas met with Federal Minister for Power, Sardar Awais Ahmed Khan Leghari, to explore the role of artificial intelligence (AI) and battery storage in addressing Pakistan’s energy challenges. Ambassador Grannas highlighted how innovations in AI and battery storage technologies are significantly reducing electricity costs, aiding in Pakistan’s transition to more sustainable energy solutions. He emphasized Germany’s commitment to providing both financial and technological support to Pakistan’s energy sector, noting that these innovations are essential for improving efficiency and lowering power prices. Minister Sardar…

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Pakistan Requires $191.8 Billion for Low-Carbon Transition by 2050: ADB Report

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Asian-bank

ISLAMABAD: Pakistan will need an additional $191.8 billion by 2050 to transition to a low-carbon energy system and achieve its climate goals, according to a recent report by the Asian Development Bank (ADB). The report outlines a comprehensive pathway for reducing greenhouse gas (GHG) emissions while sustaining economic growth. It contrasts a low-carbon scenario with a business-as-usual (BAU) approach, emphasizing renewable energy deployment, energy efficiency, and cleaner fuels across key sectors such as power, transport, and industry. Under the low-carbon scenario, investments would focus on hydropower ($153 billion), nuclear energy…

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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

Admin
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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