Sheikh gives six-point formula to mitigate energy crisis

ISLAMABAD: Advisor to the Prime Minister on Finance, Dr Abdul Hafiz Sheikh here on Monday presented a six-point formula to mitigate the country's energy crisis on short-term basis while advising for adopting a comprehensive medium-term strategy to end power crisis.
 
Delivering a lecture after Inaugurating NUST Business School (NBS), at National University of Science and Technology, Dr. Hafiz Sheikh stressed the need for utilizing the existing energy capacity to generate more power saying that there was need to identify the capacity of generating energy through gas.

Red tape, terror hindering investments in energy sector: CEO Engro Energy

KARACHI: Pakistan offers attractive opportunities to foreign and local investors in its power generation sector, but the menace of red-tape and terrorism hampers new investments, a top official of a leading business group said on Wednesday.

“There is need to develop a sense of urgency regarding Pakistan’s energy crisis,” said Khalid Mansoor, chief executive officer of Engro Energy, which recently inaugurated its first 217-MW power plant in Qadirpur, Sindh.

Clean energy to grow into $2.4 trillion industry: WWF

GENEVA: The clean energy technology sector will grow into a 1.6 trillion-euro (2.4 trillion-dollar) industry by 2020, becoming the third largest industrial sector after automobiles and electronics, WWF said Friday.
 
The clean energy industry, which includes wind energy infrastructure, insulation, solar panels and bio-ethanol treatment production, generated 630 billion euros in revenues in 2007, a sum that has already surpassed that of the global pharmaceutical industry, said WWF.