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Fuel and Energy: Pakistan


The Executive Committee of National Economic Council (ECNEC) has approved Rs 11.277 billion Wind Power Plants (WPPs) at Jhimpir & Gharo clusters. Source said it is anticipated that around 1,756 MW power from Wind Power Plants (WPPs) at Jhimpir & Gharo clusters will be available from 2016. The project envisages evacuation of power from wind power plants at Jhimpir & Gharo Wind Clusters through construction of 220 KV and 132 KV double circuit transmission lines along with associated 220 KV sub-stations at Jhimpir and Gharo and extension of 500/220 KV sub-station at Jamshoro.

The government did not pass on the impact of international petrol price increase to the local consumers by providing a subsidy of Rs 1.36 billion to maintain the oil prices at the existing level during the month of August. The government has approved a reduction of Rs 0.31 per litre in kerosene oil price and reduction of Rs 0.81 per litre in Light Diesel Oil (LDO).
The K-Electric (KE) announced on Monday that no loadshedding for the whole week in the provincial capital of Sindh, Karachi, on the occasion of Eid-ul-Fitr. According to the KE spokesperson, from the Chand Raat the company will supply 24/7 electricity for the whole week, especially on Eid''s three days.
Justice Syed Mansoor Ali Shah of the Lahore High Court has directed the Joint Secretary, Ministry of Water and Power and Member Tariff, NEPRA and Registrar, NEPRA to appear on September 09 before the court in person to answer a volley of serious questions of public importance regarding determination of tariff of electricity in the country.
Punjab Chief Minister Muhammad Shahbaz Sharif has said that the Punjab government has also decided to set up small coal power plants for generating energy. He said that these power plants would be set up near industrial load centres and the process of identifying sites has been completed for establishing small coal power plants in the province. He was presiding over a high level meeting here on Sunday which discussed in detail various proposals with regard to setting up small coal power plants in the province.
Hailing the government's decision of allowing duty-free import of solar panels, the business community of South Punjab said that the move would not only help promote solar energy system in the country, but would also lower the prices of solar panels. Multan Chamber of Commerce & Industry's (MCCI) President Khawaja Muhammad Usman said that Customs duty and sales tax should not be charged at statutory rate on the import of some specific parts of solar panel.
Finance Minister Ishaq Dar has reportedly conveyed to relevant Ministry that power sector can no longer be run by providing subsidies due to commitments with the International Monetary Fund (IMF) under an Extended Fund Facility. Sources said the Finance Minister, who recently chaired the first meeting of the Committee formed by the Prime Minister on energy resource rationalisation, stated that Water and Power Ministry needs to improve recoveries as power sector can not be the recipient of an unlimited subsidy.


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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln