Category: News & Announcement

Iran’s electricity grid will be connected with Russia and Azerbaijan in a few months, once grid compatibility studies are completed, Iran’s Energy Minister Reza Ardakanian said on Friday. Iran’s power grid could be linked and synchronized to connect with other grids either via Azerbaijan or via Armenia and Georgia, Ardakanian said, as reported by Iranian Fars news agency. “Iran welcomes either of the two routes which gets ready first,” Fars quoted minister Ardakanian as saying.   Iran, Azerbaijan, and Russia have agreed to set up a company which has already started working…

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The paramount challenges that climate change poses to Pakistan are related to water and heat. Pakistan’s upslope contour from glacial mountains in the north to the south’s lowland areas stages a conundrum in front of the decision-makers. Despite its trivial contribution, Pakistan will face the direful aftermath of climate change in the wake of its topography and geography. Pakistan – the most inclined country of the world – finds itself on the base of the third pole, the Himalayan region. This makes Pakistan the 5th most-affected country from climate change,…

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KARACHI: Karachi Chamber of Commerce and Industry (KCCI) on Tuesday demanded the government to let the private sector foray into distribution of electricity to overcome the energy crisis. KCCI urged the regulator to withdraw the exclusive rights of power generation, sales and distribution granted to K-Electric in July 2003. Private sector should be allowed to conduct business of distribution and sale of electric power to consumers in Karachi. “Exclusivity granted to a single company to undertake sale and distribution of electric power is tantamount to creation of monopoly on a…

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If all plans for its electricity sector go ahead, the South Asian nation risks having a glut of coal and gas power capacity, with fleets running at a fraction of their capacity, warns a new study. akistan risks locking itself into polluting and expensive electricity generation capacity if it follows energy strategies laid out in its latest power expansion plan, a new The power plan, published by state-owned utility firm National Transmission and Despatch Company in April, charts a development pathway for the country’s electricity generation sector over the next 27…

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ISLAMABAD: Pakistan Navy (PN) is reportedly reluctant to issue No Objection Certificate (NOC) for establishment of two new LNG terminals due to security concerns, well-informed sources in the Ministry of Maritime Affairs told Business Recorder. Sources said the ECC of the Cabinet’s decision of March 5, 2019 duly ratified by the Cabinet on March 19, 2019 and July 9, 2019 decided that, all five companies be allowed to participate in the bidding process for the establishment of new LNG terminals, at Port Qasim. Therefore, PQA issued Letter of Interest (LoI)…

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