Category: Shortcode

Overall Generation Cost Of Fossil Fuel-Based Independent Power Plants FY 2022-23

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Fossil Fuel-Based Independent Power Plants (IPPs) are integral to ensuring consistent power supply to the populace, particularly in light of the intermittent nature of renewable energy sources. These IPPs mitigate the variability inherent in renewable power generation, thereby enhancing the reliability of the national grid. Notably, in the Fiscal Year 2022-23, Lal Pir Power Plant emerged as the most costly among fossil fuel-based IPPs, while Engro Powergen Thar remained the most economical. Addressing the challenges of power affordability, Thar coal emerges as a promising solution within the fossil fuel domain.

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China Was Responsible for 96% of Coal Plants Constructed in 2023

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Coal-Russia

China was single-handedly responsible for 96% of global coal power capacity construction last year, cementing its position as the biggest coal builder in the world. Per data, released by Global Energy Monitor and reported by Bloomberg, China last year also accounted for 68% of new coal generation capacity that came online last year and 81% of newly planned coal generation projects. China’s attitude to coal has been hard to swallow for Europe and other transition advocates but Beijing has made a point of explaining that on its list of priorities, energy security…

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This general election vote against ‘them’

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General-Election

By Mian Sami ud-Din You, a citizen of Pakistan, are called upon to deliberate and vote in the upcoming general elections on 8 February 2024. This is your right to exercise a choice. A choice to elect your representative in the national and provincial assemblies and to form new representative federal and provincial governments. Out of all the rights you have in this country, perhaps this stands on the highest of pedestals. For its consequences are not the mere enjoyment of a particular right but it is the right on…

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Cabinet Committee on Energy Approves Amendments to Refineries’ Policy

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Parco-board

In a significant development, the Cabinet Committee on Energy (CCoE) has greenlit amendments to the Brownfield Refineries’ Policy, addressing the key demands of private sector oil refineries. The revised policy mandates existing refineries to upgrade within six years to produce Euro-V petrol and diesel, with minimal production of low-quality fuels like furnace oil. During the meeting chaired by Minister for Petroleum and Power Muhammad Ali, four major demands of private sector refineries—Attock, National, Pak-Arab, and Cynergico—were accepted, ending the stalemate in implementing the refining policy since its notification on August…

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Renewal of Sui Mining Lease (Sui ML) Agreement between Balochistan Government and PPL Decided

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Gas-Project

The federal government has made the decision to renew the Sui Mining Lease (Sui ML) agreement between the Government of Balochistan and Pakistan Petroleum Limited (PPL) for a duration of 10 years, commencing from June 1, 2015, to May 31, 2025. This renewal entails a firm payment of Rs 36 billion and a contingent payment of Rs 24 billion, totaling Rs 60 billion, according to sources familiar with the matter. During a meeting of the Council of Common Interests (CCI) on January 29, 2024, the Petroleum Division was directed to…

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