Industry News

Sindh to provide solar power supply to 0.2m houses, says Imtiaz Shaikh

KARACHI: A meeting chaired by the provincial minister of energy Imtiaz Shaikh has decided that Government of Sindh will provide solar power supply to 0.2 million households in the province. The meeting was told that the expected estimation for this project is $30m. Provincial minister Imtiaz Shaikh told the participants of the meetings that World Bank will …

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Saudi Arabia keen to invest in renewable energy in Pakistan

KARACHI: Saudi Arabia is interested in undertaking renewable energy projects in Pakistan, announced Saudi Adviser for Energy and Mineral Resources Ahmad Al-Ghamdi. During his visit to the Karachi Chamber of Commerce and Industry (KCCI), he said representatives of a Saudi company, Aqua Power, would soon be visiting Pakistan to introduce renewable energy technologies including solar, …

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Pakistan, World Bank sign $100 million agreement for ‘Sindh Solar Energy Project’

Islamabad: The government of Pakistan and World Bank here on Wednesday signed a Financing Agreement worth $ 100.0 million for “Sindh Solar Energy Project” with the objective to increase solar power generation and access to electricity in Sindh Province. The project will support the deployment of solar power in Sindh spanning three market segments: utility …

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Power producers plan $200mln investment in renewable energy projects

KARACHI: At least four new companies have planned more than $200 million worth of investment to cumulatively set up 154 megawatts of renewable energy projects in Sindh and Khyber Pakhtunkhwa, The News learnt on Friday. The investors sought generation licences from the National Electric Power Regulatory Authority, a document showed. Sino Well (Private) Limited planned …

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Fossil Fuels and Renewables: Partners in a new era of energy security

Complementary, not competitive – this ethos must be etched into the global energy playbook, as well as in Pakistan. Fossil fuels and renewables are two sides of the same coin and global energy security relies on both flourishing. Even aggressive scenarios do not envision the global generation share of traditional sources falling below two-thirds by …

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CPEC: Wind, solar energy production to double by 2022

The priority projects in energy sector under China Pakistan Economic Corridor (CPEC) would help Pakistan optimizing the energy structure by reducing dependence on expensive sources of energy such as Gas and Residual Fuel Oil (RFO) and contribution of wind and solar energy in the country’s total production would increase from 5 percent in 2013 to …

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NEPRA approves tariff for 11.52MW Solar Power Project

The National Electric Power Regulatory Authority (NEPRA) has determined and approved Rs7.7863 per unit tariff for the first ten years, while Rs2.9824 per unit for the remaining 15 years with regard to the 11.52MW solar power project. NEPRA, in its recent order, has determined the tariff component for Access Solar Private Limited’s (ASPL) 11.52MW solar …

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Target solar, wind and hydro for future power generation: report

ISLAMABAD: The Internat­ional Renewable Energy Agency (IRENA) sees plenty of scope for renewable energy in Pakistan while increasing energy security and improving energy access, but the country has no clear renewable energy target. The political ambition to spur growth of renewable energy needs to be translated into a language understandable to investors, the Abu Dhabi …

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Saudi, UK groups fund solar power panels for Pakistan’s KP schools

The Saudi Fund for Development (SFD) and the UK’s Department for International Development (DFID) on Tuesday announced an agreement to provide solar panels for schools in Pakistan’s northwest province of Khyber Pakhtunkhwa (KP). The agreement, which will provide energy for primary schools in KP’s southern districts, was signed in Islamabad with the UN Office for …

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