Archive for the ‘Energy’ Category

KESC control given to Hassan Associates

Wednesday, November 30th, 2005

ISLAMABAD - The government Tuesday handed over the management control of Karachi Electric Supply Corporation (KESC) to the Consortium of Hassan Associates after receiving the remaining payment of bid.

The share transfer documents for the privatization of KESC were signed and handed over by M. Tahsin Khan Iqbal, Secretary Privatization Commission to the authorized representatives of the consortium included Shan A. Ashary of Al-Jomaih Holding Company, Farooq Hasan of Hasan Associates, Haleem Siddique of Premier Mercantile Services here. Federal Minister for Privatization and Investment Dr Abdul Hafeez Shaikh and Ashfaq Ahmed Secretary Ministry of Water and Power were also present on the occasion.

Talking to reporters on the occasion Shan A. Ashary of Al-Jomaih assured KESC employees that no employee of the corporation would be retrenched. He said the company needs the services of employees to make it customer- friendly.

Frank Scherschmidt, the new Chief Executive Officer of KESC said that the company was already under staffed. Our goal was to make Karachi again a city of lights and for this we would train and motivate the staff to make company much more customer-oriented by improving the power generation and reducing the losses.

The privatization of KESC will bring better services through professional management, new investment, and technology and employment benefits. The measures taken for the interests of the workers include offering of 20 per cent increase in salaries to the contract employees and 10 per cent shareholding of KESC to the employees, the new management announced.

Dr Abdul Hafeez Shaikh Federal Minister for Privatization and Investment, while talking to the mediamen said that the transfer of management control of Karachi Electric Supply Company to the consortium of Hassan Associates (Pvt) Limited would provide best service to the industry and reduce the cost of doing businesses.

Dr Abdul Hafeez Shaikh said that after receiving the remaining amount for KESC, the PC has so far received 258 million dollars (in terms of Pak Rupees translates as Rs 15. 9 billion of the total bid offer of Rs 20.2 billion), which would also increase the FDI. The buyer will invest 500 million dollars in KESC over a period of three years while during the first phase the buyer will invest 75 million dollars.

The minister further said that the completion of KESC transaction would send strong signal to the investors and would speed up and also give impetus to the overall Privatization programme of Pakistan. Being a landmark transaction in the power sector, it would not only set the scene for a rapid turn around of KESC but also for the privatization of other electric utilities and for significant investment in the infrastructure of Karachi. It would convey to the world the government’s commitment towards the privatization process.

He added that all pervious governments had tried their best to improve the efficiency of the company in the larger interest of the consumers and this government was also motivated to bring the transaction to a concluding point with the support of President General Pervez Musharraf, Prime Minister Shaukat Aziz, members of CCOP & Privatization Commission Board, PC Staff & Secretariat and Ministries of Water & Power, Finance.

Dr Shaikh said the experienced team and the newly constituted board of KESC, which included reputable persons from the private sector would protect the consumers’ rights.

After KESC, the process of completing PTCL transaction, pre-bid conference for the privatization of PSO and to further process the privatization of PPL, NIT and PSMC on fast track basis would be conducted. Privatization of Pakistan Steel would be completed by mid-January 2005, he told.

Edited to add by Mod: No source given by anon poster for this article

Rs320 million system for measuring Indus Waterflow fails to function

Tuesday, August 2nd, 2005

Dawn reports that the Indus River System Authority (Irsa) is demanding “design re-engineering” for the system installed to monitor inflows and outflows at dams, costing Rs320 million and 2 years to develop under contract from Siemens of Germany which was rehired for a further 6 months for Rs8.4 million to fix the problem in vain.

Irsa wants nothing to do with the system and wants WAPDA to get the issue resolved under warranty (if the working system is not even delivered yet it should not even be an issue of warranty). The ministry says that WADPA, Nespak (National Engineering Services Pakistan), Siemens and Supernet should see the issue to completion while Irsa and provincial deparments monitor the progress. Appears that eveyrone wants to delegate or transfer responsibility.

Following up on PAEC

Friday, July 15th, 2005

Dawn reports, The Pakistan Atomic Energy Commission (PAEC) has been assigned a special task by the government to set up 13 new nuclear power plants to generate 8800 MW of power in the next 25 years with a view to meet growing requirements of the industrial sector.

Informed sources told Dawn here on Thursday that when work on the 300-MW Chashma Nuclear Power Plant-2 had started in May last, the PAEC authorities were directed to accelerate their efforts to install 13 more nuclear power plants both with local and foreign financial and technical support. Each plant would roughly have a capacity of 600-700 MW.

Chashma-2 will be completed in 2011 at a revised cost of $850 million for which Chinese were mainly providing financial and technical support. Chashma-1 was also built with Chinese assistance and was currently producing about 1400 MW of electricity at 95 per cent plus capacity, which sources claimed, was one of the highest in the world.

Sources said that PAEC was expecting to establish 13 new nuclear power plants mostly through indigenous efforts, especially due to the transfer of technology being received from Chinese for Chashma-2. The PAEC is expected to be self-sufficient in all aspects of designing, installation, construction and operations of the proposed nuclear power plants.

Can someone please tell me, where the heck is PAEC getting all this pull for financial credit from all these foreign countries who are helping set up our so called future civil infrastructure. What’s the catch here? What are we giving back to China that they are helping us out like this?

Made in Pakistan: Electric motorbike

Thursday, June 2nd, 2005

PakTribune reports that MS Group (can’t find their website) has successfully created Pakistan’s first, indigenous electronic motorbike. The Federal Minister of Science and Technology, Nouraiz Shakoor Khan, who incidentally also happens to be the president of the Cycling Federation of Pakistan, described the bike as a revolution for the region and a sign of Pakistan’s growing industrial stature.

Details are scarce from the article: The bike does not consume petrol, instead uses a rechargeable battery which gives it a range of upto 50kms per charge. Using electricity as a source of power lowers the bike’s running costs, which might give it an edge in the local market. Perhaps the MS Group should look into PINSTECH’s fuel cell research to increase the bike’s per-charge range.

PINSTECH develops fuel cell technology indigenously

Thursday, June 2nd, 2005

Pakistan Institute of Nuclear Science and Technology lays claim to the ability to develop fuel cells indigenously. If this kind of R&D gets more funding from coprorations and industries, it could fuel (pun intended) significant growth in a nation ridden with energy problems. Fuel Cells (wikipedia) can provide an environmentally friendly, continuous source of power, fueled usually by Hydrogen with water vapor being the only by-product.

This is a commendable accomplishment. Are any other interesting R&D efforts taking place elsewhere in the country?

Iran gas pipeline the easiest option for Pakistan

Friday, May 20th, 2005

Reuters is reporting that the Pakistani government considers the $4 billion Iranian gas pipeline passing through Pakistan, India and possibly China, the easiest to implement for the country.

Pakistan says it faces a major shortage of oil and gas by 2010…Kasuri said Pakistan was depleting its energy reserves so rapidly that it might consider more than one pipeline… “Previously we thought that we wouldn’t require gas for the next 20-30 years, because of our own reserves, but now it’s being depleted so fast that we need gas anyway.”

Pakistan is considering importing gas from Iran, Turkmenistan or Qatar. The government expects to choose two out of the three proposed gas line projects by the the end of this year.