Oil prices are always debatable and remain an important variable in determining the economic activity of any country. Over the past few months, the price of oil has declined by greater than 30 percent and is hovering almost the $55 to 60 mark for a barrel. More significant breakthrough recorded in the oil industry which after two years ago, global oil prices crashed after the world started pumping out …

  Interview with Mr Amir ul Ebad Khan – CEO, Raas Systems Inc   Profile Professional Profile – Over twenty years of engineering experience in Energy & Environment Management – Responsible for implementing and monitoring strategies to improve Energy Mix and Energy Management within Environment & Cost Constrains – Successfully completed projects for Alternate Energy, Stand-alone units as well as Tie-Grid projects – In-depth knowledge of Energy Audit & Management …

  Interview with Mr Shamsuddin Ahmed Shaikh – CEO, Engro Powergen Limited Profile Mr Shamsuddin Ahmed Shaikh is a mechanical engineer by profession. He has done MBA from Colorado and worked for Exxon/Engro for almost three decades. Currently, he is the Chief Executive Officer (CEO) of Engro Powergen Ltd, Sindh Engro Coal Mining Company, Engro Powergen Thar (Pvt) Ltd & Thar Power Company Ltd. Prior to his current position, Mr. …

  Balochistan’s total power demand approximately stands at 1200 megawatts, which is less than half of the requirement of Karachi. It is because of the fact that the province has no sound industrial base; hence there is no significant consumption of electricity for industrial purpose in the province. The power consumption is largely for domestic purpose. Being the least populous province, it consumes the least power, as compared to other …

  The tariff charged to consumers here is based on generation mix, structure and transmission cost and distribution losses suffered by each utility and the government firmly admitted that electricity charges in the country were higher than what consumers pay in India, Sri Lanka and Bangladesh. Costly furnace oil led to a significant increase in power tariff. The price of furnace, which was Rs20,604 per metric ton in 2006-07, increased …

  Interview with Mr Inam Ur Rahman – CEO, Reon Energy Ltd & Tenaga Generasi Ltd Profile Inam ur Rahman is the Chief Executive Officer of Reon Energy Limited (REL) and Tenaga Generasi Limited (TGL), wholly-owned subsidiaries of Dawood Lawrencepur Limited (DLL). He joined DLL as CEO in September 2009 and was re-elected at the 21st AGM on 27th Sep 2012. He is currently serving as a Director on the …

  The shortfall of electricity had surpassed 7,000 MW. The power generating capacity has badly affected the process of economic growth, as well as millions of households in the country facing continuous hardship. The Central Asia-South Asia (CASA-1000) project is a significant step in building a functioning, efficient electricity system across Central Asia and South Asia. The export of electricity by Central Asian states to Afghanistan and Pakistan would generate …

  Year 2015 saw major developments in Pakistan’s energy sector when investors found more opportunities and the country emerged as a potential buyer of gas on the world energy map. Oil consumers got a big relief as global crude prices plunged more than 50 percent, but there was no end to the sufferings of gas consumers who continued to face load-shedding in winter. In an effort to meet growing demand, …

  Having abundant gas treasury with good standing in the world Pakistan’s gas reserves are rapidly depleting as the country facing acute gas shortage and hardly meet its industry and domestic needs. Gas load shedding has become a routine in major industrial cities of the country. The country’s demand for energy, according to one estimate, is expected to rise at the rate of 10-12 percent annually in the foreseeable future, …

  Liquefied Natural Gas (LNG) is by far the cheapest imported fuel on which Pakistan can rely to meet its future energy needs. The cost of regasified LNG stands at $9.37 per million British thermal units whereas the imported furnace oil costs $10.62 per mmbtu, high-speed diesel costs $20.03 and liquefied petroleum gas (LPG) costs $17.6. Natural gas in Pakistan meets 35 percent of power generation needs, 23.8 percent of …