Pakistan to have significant energy growth soon

energy sector

PPI Story : National Energy Conference at IoBM

Energy is a critical element in our lives and positive developments are taking place in energy sector of Pakistan. Four to five years from now, our country will have a significant energy growth as many big projects are in the pipeline, said Syed Asad Ali Shah, former advisor finance, Sindh, on Tuesday.

“One of the greatest achievements of this government is to import LNG through LNG terminals, which have been completed laying down in March this year. LNG import is becoming streamlined. It will very much help redress energy crisis,” he said while speaking as a guest of honor in Conference on Entrepreneurial Engineering Opportunities in Renewable Energy for Self Sufficiency organized by College of Engineering Sciences, Institute of Business Management (IoBM).

He said apart from achievement in LNG sector, oil prices had also crashed which would boost overall production of the country. Shah said integration in energy sector was a much needed. All the companies working in silo should be controlled and monitored by one single body. “It is unfortunate thing that our country has been relying on imported fuel to generate electricity, while, our country is blessed with many resources and one of them is huge reserves of coal. I see positive development in Thar coal as Engro Corporation and Habib Bank Limited will be working on it,” he said.

He said hopefully, sanctions on Iran would be soon lifted and Iran-Pakistan (IP) Gas project would become reality. Prime minister of Pakistan has also discussed energy issue with Turkmenistan in his recent visit. We are generating 100mw electricity from wind corridors, which have the capacity of thousands mega watt. We also have great potential of solar energy if used properly,” he said.

Chief Executive Officer (CEO) Engro Vopak Terminal Limited Shaikh Imran Ul Haq delivered presentation on how Pakistan got LNG pipeline laid. How challenging it was in 335 days, “still Engro achieved this task”.“We are energy deficit country and importing LNG will provide us cheap alternative energy,” he said.

Senior Executive Director Osmani & Co Dr Akhtar said Europe and America had excelled in wind and PV solar energy as renewable energy, while coal, gas and oil are vanishing in those countries. Germany’s single largest energy production is solar and we were not getting benefit of this natural resource despite abundance of it in our country.

He said wind and PV solar energy should be used by choice rather than compulsion. Karachi was going to be dark in the smoke of pollution and electric vehicles were the solution for this.
Managing Director Systek (Pvt) Ltd Navid Ansari said energy gap is third world countries like Pakistan could not be overcome in near future. Solar energy could be immediate, affordable and abundant alternative source.

Member (Energy) of the Planning Commission, Ministry of
Planning, Development & Reforms, Syed Akhtar Ali said pricing on PV solar products should be lowered to promote the product. The government needed to lower duties on local production to make it viable.

Rector IoBM Talib Karim, Chairperson IEEE Dr Parkash Lohana, Ex-managing director Siemens Sohail Wajahat, Engineer, IEEEP, Irfan Ahmed,Dean Faculty of EECE MUET Dr Bhawani Shankar and HoD Public Affairs and Senior faculty IoBM Parvez Jamil were also present on the occasion.

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