Category: Uncategorized

82pc of released PSDP funds utilised in FY21

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The utilisation of funds stood at 82 percent against the releases in Sindh during the financial year ended on June 30, 2021 under the Public Sector Development Programme (PSDP). According to a summary of the provincial government, the release of amount and its utilisation also includes the provincial and district Annual Development Programmes and federal grants and foreign assistance for the development projects. The Sindh government’s PSDP included Rs155 billions for provincial ADP, Rs15 billions for district ADP, Rs54.641 billions for foreign project assistance and Rs8.3 billions from federal grants.…

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Third day of talks on PSGP: No sovereign guarantee for profit, Pakistan tells Russian team

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Pakistan will not extend to Russia the sovereign guarantee against 26 percent shares in Pakistan Stream Gas Pipeline Project (PSGP). However, it has extended assurances to Russia which are enshrined in the amended Inter-Government Agreement (IGA). Pakistan will be having 74 percent shareholding and Russia 26 percent. This was the essence of the third day of talks between Pakistan and Russian excerpts on the project of paramount importance. However, the Oil and Gas Regulatory Authority (OGRA) will determine the tariff of the pipeline. The regulator will include in the tariff…

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Khalid Mansoor parts ways with Hubco

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After eight enterprising years with Hubco, Khalid Mansoor, CEO Hub Power Company Limited, has decided to part ways with the company. During his tenure with the company, he led Hubco to enhance its overall generation capacity from 1,600 MW to 3,581 MW. His achievements on behalf of Hubco include capacity building and switching to self O&M of our plants, successful diversification into the coal-based arena through 2×330 MW power plants in Thar (TEL &TN), investment in SECMC and setting up of a 1,320MW CPHGC plant through a joint venture with…

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Pakistan Nuclear Technology Potential

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After the establishment of KANUPP, in 1972 its first nuclear power plant in Karachi produced 137mw of energy – the use of nuclear power in Pakistan has seen a sharp escalation in recent times. Pakistan presently being an energy-hungry economy with outstanding industrial growth potential continues to invest in renewable nuclear power technology. Pakistan embraced a National Energy Security Plan, in 2005 which called for the installation of over 8800mw of nuclear power capacity in Pakistan by 2030. For the attainment of this objective, Pakistan has recently built the K-2…

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Is Pakistan preparing for a decarbonised world?

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ALTHOUGH the world’s attention is currently focused on the Covid-19 pandemic, climate crisis remains the planet’s greatest challenge. To strive to limit the global temperature to 1.5°C means halving the CO2 emissions by 2030 and reaching net zero by 2050. But these pledges have clearly fallen short. In fact, it took a pandemic and the resulting economic shutdown to bring global CO2 emission down by 4-8 per cent. The only way out of the conundrum is to decarbonise and to do it quickly. For Pakistan “the time to resist international…

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