$400m loan to tackle Pakistan’s ‘chronic energy crisis’

The Government of Pakistan has been given a $400 million (£237.8m) loan to help tackle the country’s “chronic energy crisis”. Its economy has been destroyed as a result of power shortages which are estimated to have slowed GDP growth by at least 2% a year, according to the Asian Development Bank (ADB), which is providing […]

EU grants Pakistan €100m for hydropower project

Pakistan has been given a €100 million (£82m) long-term loan by an EU bank to boost the development of renewable energy in the country. The cash will be used for the construction of the Keyal Khwar hydropower project, with a total capacity of 128MW. It will feed renewable energy into Pakistan’s national power grid and […]

India to help build biomass in Pakistan

India is sending over experts to advise its neighbour Pakistan on building new biomass plants. Sukhbir Singh Badal, the Deputy Chief Minister for India’s Punjab state, offered the help to ministers in Pakistan’s own Punjab province. Mr Badal lent his support to the province’s Chief Minister Mian Shahbaz Sharif during his visit to a 15 […]

Thumbs up for huge solar project in Pakistan’s Cholistan Desert

Plans for a 700MW solar project in the Cholistan Desert have been approved by the Punjab government in Pakistan, according to reports. The Quaid-e-Azam Solar Park will be spread over 10,000 acres and built in sections, with eight 50MW segments each covering 250 acres. The plans were given the seal of approval at the fourth […]

UK firm to help drill Pakistan’s oil and gas

UK-based exploration firm Orion Energy and Pakistan Petroleum have agreed to work together to develop the offshore oil and gas potential of Pakistan. Taking place on the same day as David Cameron met with the newly elected Pakistani Prime Minister Nawaz Sharif over the weekend, the agreement suggests Pakistan’s and the UK’s energy sectors could be […]

IBM joins Pakistani hydropower plant project

US tech firm IBM is joining the project behind Pakistan’s first private hydroelectric power plant. The huge $235 million (£151m) plant is expected to replace around 135,000 tons of imported oil, cut carbon emissions and save Pakistan roughly $100 million (£64m) a year in fuel costs. The building firm Tenaga Nasional Bhd (TNB) recently finished […]

Korean firm to build solar plant in Pakistan

A Korean energy firm has signed an agreement to install a 300MW solar power plant in Pakistan. The project, which will be built by CK Solar Korea, is expected to cost around $900 million (£595.5m) and will be completed by 2016. The Government of the Balochistan province is believed to have leased 1,500 acres of […]

Pakistan and Iran sign on gas pipeline

Pakistan and Iran are forging ahead with plans to build a natural gas pipeline linking the two countries despite opposition from the United States. Iranian President Mahmoud Ahmadinejad met Asif Ali Zardari, Pakistan’s President at an airport near the nations’ border to sign the pipe’s inauguration yesterday. The leaders said the 2,700km gas pipeline will […]

Developing nations to share power

South Asian countries could prevent power cuts by sharing load across neighbouring electricity grids says a new study. US analysts GBI Research have published a report which says the increasing demand for power in the developing nations of the Indian sub-continent could be met by sharing load across grids and trading power amongst themselves. India, […]

Iran to loan Pakistan 80,000 barrels of oil per day

Iran is loaning Pakistan 80,000 barrels of oil a day, it was reported yesterday. The EU and USA have declared an oil embargo on Iran for continuing to develop its nuclear programme, which means it is unable to export as much oil as it wants to. The loan could be seen as Tehran’s attempt to […]