Category: Recent Post

Climate Change

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NOT many know Pakistan was elected co-chair of the Green Climate Fund Board for 2020; fewer realise its significance. With $17 billion in the kitty and growing, GCF is the most important global fund for climate change. As contributors, interests of the developed world are well represented on the board. Facing global economic powerhouses, Pakistan, co-chairing with Canada, tackled the challenge of aligning the fund to the needs of 130-plus developing countries that bear the brunt of climate change. Despite Covid-19, it was an eventful year. Pakistan’s leadership increased its…

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Renewable energy projects: FIF seeks amendment in CCoE’s decision

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Pakistan Foreign Investors Forum (FIF) has urged the government to amend the decision of the Cabinet Committee on Energy (CCoE) about renewable energy projects thereby paving the way for $470 million. According to Khurram Tariq Sayeed, Founder President, FIF, change in CCoE’s decision of April 4, 2019, would result in the lowest wind & solar tariff of Rs 5.95/kwh and fulfill the vision of Prime Minister Imran Khan to increase the share of green energy in the power mix of Pakistan to 20 percent by year 2025. Sayeed further stated…

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Imported LNG supply in Sindh: Ultimate Energy Services, Energas Marketing sign agreement

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ISLAMABAD: The Ultimate Energy Services (Pvt) Ltd has signed an agreement with Energas Marketing (Pvt) Ltd for supply of imported LNG to the CNG stations in Sindh. The CNG industry has been facing severe gas loadshedding since a decade, which has worsened in the last two years. As a result, the CNG consumers have been deprived of their favourite and most-needed, economical and environmentally-friendly fuel. Energas Marketing (Pvt) Ltd was granted a marketing licence to import and market LNG in Pakistan. The company will also establish a LNG terminal. A…

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Ex-KE MD made head of reconstituted NTDC board

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ISLAMABAD: The government on Thursday reconstituted the board of directors of the National Transmission & Despatch Company (NTDC) under the chairmanship of former managing director of K-Electric Naveed Ismail. According to a notification issued by the Power Division, seven out of 11 members of the existing board have been replaced. All the independent directors are new faces on the board whose number has been reduced from six to five. They include Ali Zain Banatwala (a Karachi-based system optimisation and smart grids expert), Nauman K. Hyder (former HBL president), Almas Hyder…

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Per unit tariff of SSGC consumers hiked by Rs44

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ISLAMABAD: The Oil & Gas Regulatory Authority (Ogra) on Thursday allowed Rs44 per unit (5.4 per cent) increase in the prescribed price for Karachi-based Sui Southern Gas Company (SSGC). The increase was determined on the request of the utility on the basis of its estimated revenue requirement (ERR) for financial year 2020-21. The regulator said the company will be able to meet Rs14.3 billion shortfall in its ERR, including prior year shortfall of Rs51bn. The new prescribed price has been worked out at Rs779 per Million British Thermal Unit (MMBTU)…

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