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February 2016

                                                                                                                                 

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February 2016

Newsletter

 

Company Profile

 

MAQ International has been providing equipment, services and solutions to the Energy, Power, and Oil & Gas industries for 25+ years. Our local industry experience, coupled with the expertise of our partners ensures service that is reliable, timely and efficient.

If you are interested in, or require further detail regarding any of the links below, do contact us.

 

Power

NEPRA allows Rs 6.58 per unit interim tariff for Quaid-e-azam thermal power

       ·         The National Electric Power Regulatory Authority (NEPRA) has allowed the Quaid-e-Azam Thermal Power Private Limited (QATPL) an interim tariff of Rs6.58 per unit for the 1,180.13MW regasified-LNG based combined cycle power plant at Bhikki Sheikhupura.

       ·         The Government decided to pursue this project through the import of LNG which would have a combined capacity of 3600MW and will cater to Punjab’s growing energy needs.

 

Prime minister orders timely completion of power projects

       ·         Prime Minister Nawaz Sharif has ordered timely completion of ongoing power projects to add 3390MW of electricity by 2016 and 8738MW by 2017 to the system.

       ·         The additional generation of 1100MW in 2016 and 1650MW in 2017 is expected from the CPEC(China Pakistan economic corridor) project.

 

Pakistan, China to build 350MW coal power plant in Karachi

       ·         Pakistan and China have signed a contract to build a coal power plant near Bin Qasim Port having a capacity of 350MW.The project will start in july and will be completed in 31 months.

       ·         The agreement was signed between China’s state-owned Harbin Electric Corporation and Pakistan Siddiqsons Energy.

 

US to support Pakistan’s Energy Development

       ·         US Department of Energy joined hands with the Government of Pakistan to launch a $3 million multi-agency technical assistance program designed to support Pakistan energy development.

 

Oil & Gas

Govt plans to set up two more LNG terminals  

        ·         The government is mulling to set up two more LNG terminals in its concerted bid to use this fuel being imported from Qatar to overcome gas shortages and significantly increase power generation.

        ·         LNG was 50 percent cheaper as compared to the diesel power generation plants, and it would save over Rs 100 billion annually.

        ·         They said importing LNG at the price of 4.78 dollars per mmbtu was the cheapest of its kind in South Asia. Besides it would help meet the country’s energy needs by 25%.

 

License issued to UGDC for sale, import of LNG  

        ·         The government issued license to Universal Gas Distribution Company (UGDC), established by All Pakistan CNG Association (APCNGA) for import and sale of Liquefied Natural Gas (LNG) in the country.

        ·         This effort will reduce oil import bill, cut urban pollution and will bailout the sinking CNG industry in which people have invested over Rs 350 billion – UGDC Chairman.

 

Pakistan, Qatar sign $1 billion annual LNG supply deal

        ·         Qatar Liquefied Gas Company will provide billion dollars worth of LNG to Pakistan annually from 2016 to 2031 to PSO.

        ·         The import of gas will also help start production of at least 2,000 megawatts of electricity from power houses that are currently non-operational – Minister for Petroleum.

 

OGDCL, PPL to launch shale gas, oil pilot project soon

        ·         Oil and Gas Development Company Limited (OGDCL) and Pakistan Petroleum Limited (PPL) have been assigned the task to launch a pilot project to drill Shale gas and oil wells – Ministry of petroleum and natural resources.

        ·         A study completed in cooperation with USAID has confirmed presence of 10,159 trillion cubic feet (TCF) Shale gas and 2,323 billion of stock tank barrels (BSTB) Shale oil in place resources.

 

Renewables

Prime Minister opens fully solar-powered ”Green Parliament” project

        ·         Prime Minister Nawaz Sharif launched the fully solar-powered Green Parliament project, making the parliament building world’s first-ever equipped with such facility.

        ·         The 1.8 MW has been completed under a grant provided by China as an alternative source of energy to meet electricity needs of the Parliament House.

 

ADB to shift 5,000 schools in Punjab to solar system

        ·         Chief minister Punjab Shahbaz Sharif welcome the decision of Asian Development Bank for shifting 5000 schools to solar in Punjab, whereas Punjab government is also shifting 5000 schools on solar from its own resources. In this way, a total of ten thousand schools will be shifted to the solar in the province.

 

Micro lending to boost off grid solar solutions: Liam Grealish, Program Manager, Lighting Pakistan, IFC

        ·         The programme is designed to catalyze the market for quality off-grid solar devices in Pakistan.

        ·         IFC is assisting young, growing off-grid solar product manufacturers to develop business in the Pakistan solar market.

 

Chief Minister sees wind energy potential in South Punjab

·         There are vast opportunities of generating power using wind energy in South Punjab.

·         The agreement signed between the Punjab government and Denmark, Danish company Vestas would set up four wind power plants of 250 megawatts each in Rajanpur.

 

 

Business & Others

Pakistan Energy Forum: ‘Transnational deals to usher in new era of prosperity’