Pakistan to receive $800m to boost power sector

An investment worth $800 million (£520m) will be made to boost Pakistan’s energy sector. The cash from the Asian Development Bank (ADB) and the country’s government will fund two programmes to improve energy efficiency and reform reform the power sector. A total of $400 million (£260m) will support the installation of an Advanced Metering Infrastructure (AMI) […]

$1.4bn investment to help Pakistan’s power crisis

Pakistan will receive an investment worth $1.4 billion (£0.92bn) to resolve its power crisis. The cash from the Asian Development Bank (ADB) will help the country resolve some of the issues in the energy sector, which puts pressure on the nation’s GDP growth. The electricity supply-demand gap of 5,000MW is blamed for a sharp decline in […]

Chinese firm to provide turbines to Pakistani wind farm

A Chinese company will provide wind turbines for a 49.5MW project in Pakistan. China Ming Yang Wind Power Group signed a purchase agreement to deliver 33 turbines in three batches starting from September. It will also provide five-year warranty services after the installation. The Chinese state-owned enterprise plans to build the wind farm in the Sindh Province of Pakistan. […]

Coal is key to generate electricity in South Asia

Coal is still the main energy source to generate electricity in South Asia. That’s according to a study made by the World Bank, which stated it would account for more than 60% of electricity production in the region between 2015 and 2040. Electricity generation from renewable sources stands at just 25%. The research also stated the region […]

Pakistan hydropower project gets $50m

A hydropower plant in Pakistan has received investment worth $50 million (£31.5m). International Finance Corporation (IFC), a member of the World Bank, which is providing the cash is also helping mobilise around $72 million (£45.36m) for the project. It aims to support lower cost energy generation and help develop renewable energy sources. Called Gulpur Hydro Project, it is […]

$65m for hydropower in Pakistan

Pakistan will receive $65 million (£40.9m) to boost its hydropower sector. The Asian Development Bank (ADB) is providing the loan to Mira Power, run by three Korean companies, which will build and operate a 102MW hydropower plant. That’s equivalent to almost 2% of the current power shortfall in the country, according to the ADB. The new […]

New energy sources ‘crucial for Pakistan’s growth’

Investment in new energy sources and the “vibrant private sector” are crucial for Pakistan’s growth, the head of the International Finance Corporation (IFC) said. Part of the World Bank Group, it aims to invest around $500 million (£330m) a year in the next few years to help the nation tackle some of its most pressing […]

World Bank funds hydropower project in Pakistan

The World Bank Group has approved a financing package for a hydropower project in Pakistan. Located on the Indus River, the Dasu Hydropower Stage-I project (DHP-I) will have a total capacity of 2,160MW initially but could be expanded to 4,320MW in the future. The International Development Association (IDA), the bank’s grant and low-interest arm, is […]

Blackouts nearly scupper World Cup for Pakistan fans

[View the story “World Cup power worries” on Storify]

Pakistan launches ‘first’ solar energy project

Pakistan has launched what is believed to be the first solar power project in the country. Prime Minister Nawaz Sharif inaugurated the first phase of the Quaid-e-Azam solar project in Bahawalpur, which will add 100MW of electricity to the National Grid by the end of this year. The second phase of the project will include […]