Saturday, March 28, 2009

Turkish Firm to Invest USD 500 million in Windmill Project

In an article presented in the Business Recorder on the 27th of March 2009, it has been reported that Zorlu Energi, a Turkish will be investing USD 500 million in a windmill project in Pakistan. The project is expected to be developed in Sindh and is expected to generate 50 MW of electricity. The company expects to expand their power generating capacity to 300 MW in the next 5 years.

This is seen as a great boost for alternative energy in Pakistan, as the country is suffering from a huge energy crisis. As Pakistan is a net importer of energy resources, this development has rekindled the aspirations that one day Pakistan will be able to become energy self sufficient. The hope of many in Pakistan is that this will be the first of many such projects in the country and it will go a long way in reducing its energy crisis in the long term.(By Harris Ahmed Khan)

Current & Future Consumption of Energy in Pakistan

In an article printed in the Business Recorder on March 26th 2009, the Asian Development Bank estimated that Pakistan was not developing into a prime producer of green house gas emissions like most other developing countries. In a study conducted by the ADB, it was calculated that on a per capita basis, Pakistan produced 0.7 tons of GHG emissions compared to 25 tons being produced on average by people living in the US & Canada. Even in comparison with other developing, the percentage of GHG emitted was a lot less with the average emissions per capita for developing countries being at 2.1 tons.

The primary reason for such low levels of emissions has been due the large scale fuel switching in industries which saw them change their primary source of energy from natural gas and coal to Compressed Natural Gas (CNG). However, the study also found that the present amount of energy being consumed by the country is not efficiently generated nor properly distributed. The study highlighted the fact that Pakistan consumed 5.0 times as much primary energy to produce a unit of GDP as compared to Bangladesh, 3.4 times as much as Sri Lanka or 2.3 times as much as Nepal.

With the countries current demand for energy resources rising rapidly, especially in the case of electricity, where ADB estimated that it is growing at 12 percent per annum. Pakistan needs to focus more on energy conservation and alternative sources of energy in order to become more productive and increase its economic growth.(Harris Ahmed Khan)

Current & Future Consumption of Energy in Pakistan

In an article printed in the Business Recorder on March 26th 2009, the Asian Development Bank estimated that Pakistan was not developing into a prime producer of green house gas emissions like most other developing countries. In a study conducted by the ADB, it was calculated that on a per capita basis, Pakistan produced 0.7 tons of GHG emissions compared to 25 tons being produced on average by people living in the US & Canada. Even in comparison with other developing, the percentage of GHG emitted was a lot less with the average emissions per capita for developing countries being at 2.1 tons.

The primary reason for such low levels of emissions has been due the large scale fuel switching in industries which saw them change their primary source of energy from natural gas and coal to Compressed Natural Gas (CNG). However, the study also found that the present amount of energy being consumed by the country is not efficiently generated nor properly distributed. The study highlighted the fact that Pakistan consumed 5.0 times as much primary energy to produce a unit of GDP as compared to Bangladesh, 3.4 times as much as Sri Lanka or 2.3 times as much as Nepal.

With the countries current demand for energy resources rising rapidly, especially in the case of electricity, where ADB estimated that it is growing at 12 percent per annum. Pakistan needs to focus more on energy conservation and alternative sources of energy in order to become more productive and increase its economic growth.

Electricity crisis in Pakistan

As summer are near the short fall of electricity increases. In the present age, without sufficient energy the wheel can’t run on roads, industry and agriculture can't sustain, hospitals and operation theaters can't function, schools and laboratories can’t work and public and private sector businesses can't operate.
In this summer country is facing a short fall of 2500 mega watts (MW). The energy demand is growing by the next summer the electricity demand likely to cross 4000 megawatts (MW). In a careful estimate, it is feared that by 2010 the short fall could reach up to 8000 megawatts (MW).
The industrial sector accounting for nearly 32 percent of the total national primary energy consumption can play a critical role in this regard. There are three main things that can be recommended to industrialists; Firstly, they should reduce energy consumption through applying energy conservation and management measures. Energy conservation is a process of decreasing the quantity of energy used while achieving a similar level of output primarily for financial gains.

Iran-Pakistan-India gas pipeline project

As we all know that in Pakistan the demand of the natural gas exceeds the supply, because of the low natural gas reserves and rapid increase in consumption. Pakistan signed a preliminary agreement for construction of a natural gas pipeline linking Iranian natural gas field with Karachi and then further onto India. Since 1993 Pakistan, Iran and India are planning for the gas pipeline project.
The price of gas to be imported from Iran to Pakistan has been proposed at 80 per cent of the crude oil price. Earlier Pakistan offered 78.2 per cent of crude oil price, but the Iranian authorities refused to accept the offer of 78.8 per cent of the crude oil gas price.
In the meeting Adviser to Prime Minister Shukat Tarin objected that the proposed price is too high and Pakistan is unable to manage huge amount of dollars to pay Iran for the gas. He asked the Petroleum Ministry, after introducing certain modifications in the proposed deal, to move the federal cabinet for ratification. Iran Pakistan gas pipeline deal is an international agreement and cabinet is the right forum for approval such agreement, Tarin said.

Wednesday, March 25, 2009