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Electricity to be generated from Alternative Sources

Electricity to be generated from Alternative Sources

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No Ground Work has been started on Power Projects

No Ground Work has been started on Power Projects

US financing energy projects

The United States is funding large-scale energy projects in Pakistan that will provide electricity to an estimated 2.5 million households by 2014.

According to figures provided by the US embassy here, the energy projects of the United States have already added 1,000 megawatts to the power grid — enough power to supply electricity to 2.5 million households (more than 14 million people).

An additional 200 megawatts will be added. Pakistan has a chronic shortage of electricity which affects all Pakistanis. The lack of electricity holds back businesses, hampers learning at school, disrupts functioning of hospitals and interrupts vital government services.

The Tarbela Power Station, which the United States helped build in Khyber Pakhtunkhwa in the 1970s, has been modernised.

Power production: Investment programme worth $1.5b underway

Chairman Board of Investment (BOI) Mohammad Zubair said that the government has initiated an extensive wind energy programme to meet the increasing energy demand and introduce renewable energy technologies in the country with a target of achieving minimum 5% of the total power generation of the country that is 9,700 megawatts(MW) through alternative and renewable energy by 2030.

Managing Director of Nexif, Matthew Bartley, briefed chief of BOI that the company is already active in Pakistan’s power sector having made an investment for infraCo Asia (subsidiary manager) in a 50% interest in Metro 50MW wind project and 49% interest in the adjacent Gul Ahmed 50MW wind project.

A member of the delegation informed Chairman BOI that investment worth $1.5 billion is ready for the production of 800MW.

Resolving energy crisis vital for progress: Shahbaz

Chief Minister Shahbaz Sharif has said that Pakistan is facing serious energy crisis which has badly affected national economy as well as education, health, agriculture and other social sectors.

He said that solution of energy crisis is essential for national development, acceleration of industrial process and generation of job opportunities. He said that government is making serious efforts to deal with energy problem and work on the power generation projects based on alternative resources is being carried out expeditiously. He said that cooperation of local and foreign investment companies is also being acquired for dealing with the energy problem. Shahbaz Sharif said that a number of agreements have been signed with Chinese companies for generation of power. He said that ZTE Corporation China can also extend cooperation in energy sector.

He was talking to a delegation of ZTE Corporation China led by its Vice President Le Guang Yong, here Thursday. Matters regarding solar streetlights and cooperation in energy projects were discussed in the meeting. Speaking on the occasion, the chief minister said that there is a gap between the supply and demand of gas and electricity and there is need to work on energy projects expeditiously to maintain a balance in this regard. He said that every moment is precious and efforts are being made on war footing to rid the people of the shortage of electricity. He said that steps are being taken for early implementation of the agreements signed with the Chinese companies in energy sector. He said that besides traditional methods of power production, rapid progress is also being made for implementation of the projects of generation of energy from alternative resources. He said that maintaining transparency and a high standard in the execution development and other projects is the hallmark of Punjab government. He said that planning has been made for the setting up of Quaid-e-Azam Solar Park over a vast area in Cholistan and several Chinese companies have expressed willingness for investment in the park. He said that a coal power corridor is being set up in Gadani. Shahbaz Sharif further said that Memorandum of Understanding has been signed with companies of China and Qatar for the setting up of a 6600MW coal power plant in Gadani. He said that government has also devised a plan for the conversion of streetlights and traffic signals to solar energy under a phased programme and speedy progress is being made in this regard. He said that conservation of electricity is possible through using LED lights as streetlights and the government has made solid planning in this regard. Vice President ZTE Corporation China Le Guang Yong while speaking on the occasion said that his corporation is interested in promoting cooperation with Punjab government in energy sector and joint ventures can be launched in this sector.

Govt to develop 6,600 MW Gaddani energy park: Ahsan

Minister for Planning and Development Ahsan Iqbal has said the government is planning to develop 6,600MW coal-based Gadani energy park with the assistance of Chinese companies.

Ahsan Iqbal said this during his visit to a 900MW Puttalam Coal Power Plant being set up by a Chinese company in the coastal area of Colombo, Sri Lanka, according to a press statement received here on Wednesday. The minister was accompanied by senior officials of the ministries of water and power and foreign affairs. He said the experience of Sri Lanka was relevant in this regard.

“Pakistan wants to utilise more coal, hydel, and gas for power generation and move away from the furnace oil-based power generation as oil prices have increased manifold and enhanced per unit generation cost,” he added.

Ahsan Iqbal further said that energy security was the top-most priority of the Nawaz Sharif government. “Pakistan and Sri Lanka have strong bonds of friendship and the government wants to build strong economic foundations of this relationship,” he added.

Power generation: Three dams to resolve energy-crisis

The Ministry of Water and Power is planning to construct three dams to meet energy requirements of the country. Among these dams, Mohmand (Munda) Dam will be constructed on the Swat river in approximately seven years after construction begins.

The Bara Dam will be constructed on the Bara river in four years after construction begins. The Tank-Zam Dam will be constructed on the Tank-Zam river. The dam’s feasibility report was completed and will be completed in four years after construction begins.

US ambassador signs financing agreement for 50MW renewable energy project

United States Ambassador Richard Olson, signed on Wednesday a $95million, ten-year loan on behalf of the Overseas Private Investment Corporation (OPIC) to Sapphire Wind Power Company to build a 50MW wind power plant in Sindh.

Situated in the Ghoro-Keti Bandar wind corridor near Jhimpir, the plant will be designed to generate 133-gigawatt hours of emission-free electricity annually using 33 General Electric (GE) turbines.

Chief Executive Officer, Nadeem Abdullah signed on behalf of the Sapphire Wind Power Company.

“The provision of clean and reliable electricity is an essential building block for any economy,” said Ambassador Olsen with regards to the project.

He added that the project affirmed OPIC’s strong commitment to support Pakistan’s efforts at diversifying energy sources, alongside the States’ continued efforts to strengthen Pakistan’s economy.

“The Sapphire Wind Power Project will enable Pakistan to take advantage of its massive renewable energy potential to help meet unmet demand for electricity,” OPIC President and CEO Elizabeth L. Littlefield said in Washington.

The United States and Pakistan work closely together on projects designed to diversify Pakistan’s power generation beyond reliance on high-priced fuel, by tapping into Pakistan’s vast renewable energy potential.

According to a study funded by the U.S. National Renewable Energy Laboratory, the U.S. Agency for International Development estimates that Pakistan possesses 132,000 MW of potential installed wind capacity – virtually equal to the world’s entire installed wind capacity in 2010.

OPIC has invested in 123 projects in Pakistan since 1975. Its current Pakistan portfolio includes 14 active projects worth nearly $300 million in key industries including energy, health care, financial services for small and medium-sized enterprises, and telecommunications.

OPIC is the U.S. government’s development finance institution. With services available in more than 150 countries, it mobilizes private capital to help solve development challenges, providing investors with financing, guarantees, political risk insurance, and support for private-equity investment

Pakistan to host D-8 moot on energy: Sartaj

Pakistan has urged the commissioners of D-8 Organisation to evolve a mechanism of cooperation in the energy sector.

Addressing the inaugural session of the two-day meeting, Sartaj Aziz, Adviser to the Prime Minister on National Security and Foreign Affairs, said Pakistan was in the process of organising the first meeting of the D-8 Energy Forum in Islamabad.

The D-8 is a multilateral group of eight emerging economies of the Muslim world that represents Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkey. It hopes to increase the current $150 billion intra-D-8 trade to $500 billion by 2018.

The spokesman at the Foreign Office in a statement said that Sartaj Aziz also urged the organisation to initiate the phase of “substantive cooperation by operationalising the agreements related to removing barriers in trade and business, particularly the Preferential Trade Agreement”.

Pakistan says that it joined the D-8 in June 1997 since ‘economic revival’ was a high priority of the government and suggested that member countries could take initiatives in cooperation in capacity building, transfer of technology, transfer of capital and labour, energy and food security, Islamic banking, and Halal sector development.

Of importance is the presence of the D-8 Secretary-General Dr Seyed Ali Muhammad Mousavi.Sartaj Aziz, in a meeting with Mousavi, proposed ways to accelerate implementation of trade and visa agreements and expressed the hope that the D-8 Preferential Trade Agreement will be implemented soon.

The review of D-8 agreements relating to facilitation of trade and business among the member countries is on the agenda of the meeting. Pakistan has ratified all agreements including the Preferential Trade Agreement (PTA), which is likely to be operationalised during the chairmanship of Pakistan.