.

Saturday, December 21, 2019

Energy Crisis in Pakistan - 2194 Words

Energy crisis in Pakistan Outline: Introduction Pakistan is a victim of energy crisis A shortfall of energy is called energy crisis Energy crisis is not specific to Pakistan Causes behind the energy crisis Poor management Circular debt Power theft and Power wastage Corruption and lack of accountability Mis-allocation of resources Increasing price of oil in international market In past no efforts were made Alternative energy resources: Hard technologies and Soft technologies Hard technologies: Nuclear power Natural gas Natural gas import Coal LNG Soft technologies: Hydropower†¦show more content†¦In Pakistan power sector has effectively become hostage of Circular Debt which is created when one party fails to clear its dues to the second party. The second party in turn defaults on their payment commitments towards third party. However inefficiency in collection of revenues from the private sector and ineffective contractual agreements between Pakistan Electric Power Company (PEPCO) and Karachi Electric Supp ly Company (KESC) are the major causes for interoperate debt. Power theft and power wastage or transmission losses are other reason which paved the way for loadshedding. Line losses, mainly power theft alone contributed around 125 billion to the circular debt. Transmission losses happen when due to poor infrastructure consumer cannot get enough electricity to fulfill daily requirements. Mere rise in power tariff could not overcome on the power theft and transmission losses. Corruption in pertinent departments of electricity and lack of accountability on part of those who stay at the helm of affairs is another reason of energy crisis in Pakistan. The financial scam in the rental power plants (RPPs) is a recent example of corruption in energy sector. In Pakistan energy crisis can be subjugated if there are strict punishments for those who are responsible for such shady deeds. Though Pakistan is rich in coal and natural gasShow MoreRelatedEnergy Crisis in Pakistan4667 Words   |  19 PagesElectricity Crisis in Pakistan is one of the severe challenges the country is facing today. Electricity is essential part of our daily life and its outage has severely affected the economy and overall living of ours. Thousands have lost their jobs, businesses; our daily life has become miserable. Pakistan is currently facing upto 18 hours of electricity outage a day, is expected to face more if not dealt with in time. The purpose of this study is to analyze the nature of this crisis and to proposeRead MoreHow Energy Crisis Is A Crisis Of Human Development Essay1124 Words   |  5 Pages1 Introduction: Energy production of any country is the measure of its economy. No country can achieve high economic growth without producing sufficient energy. Production of energy crisis is a Greek word which means ‘decisive moment’. Crisis is declared when something has gone to a level where an action must be taken to avoid complete disaster ‘Energy crisis, takes place due to several reasons some of which are: increasing price of oil,power wastage ,less dams,incompitancy of exploration sectorRead MoreEconomy of Pakistan1686 Words   |  7 PagesIntroduction Pakistan was established in 1947 and since its inception; it has been surrounded by countless issues, some of which are confined to ill-formed/missing infrastructure, insufficient refined resources, barren or obsolete factories and technologies, the Kashmir controversy and other fronts also involving an ever-ready enemy to underscore its efforts towards progress. Despite being rich in natural resources, Pakistan has so far been a developing country with limited development in everyRead MoreSupply And Demand Scenario Of Electricity1465 Words   |  6 Pagesgeneration capacity. Statistics shows that Pakistan’s energy demand has been increasing for decades; however, the recent crisis has emerged during the last decade, when demand increased more than 6% as supply increased by only 1.5% (Annex. 1). Considering the economic potential and demographic changes, it is projected that electricity shortage will rise to 8000 MW in 2017 and over 13,000 MW in 2020, more than double to the current state of energy (Komal Abbas, 2015; Kessides, 2013). 5.3: LackRead MoreLoad Shedding Crisis in Pakistan1740 Words   |  7 PagesLoad Shedding Crisis in Pakistan Electricity is a basic need for sustaining human life. We cannot even imagine how our lives would have been if electricity was not discovered. Looking at it from an economic growth perspective of a country, the creation of energy is very essential. Pakistan however has been facing an acute shortage of electricity for many years now (since 2007). Electricity crisis and load shedding reaches to 10hours in Karachi. In commercial and residential areas of Karachi loadRead MorePakistan is one of the poorest countries in the world, with many of its citizens living below the1000 Words   |  4 PagesPakistan is one of the poorest countries in the world, with many of its citizens living below the poverty line. It is an agro based country thus the revenue that is earned through agriculture is not enough to support the rapidly growing population. In the mids of the 1980’s Pakistan was facing a staggering economy due to the energy crisis all around the world. The main crisis that Pakistan is facing is due to the instability of the government. Largely Pakistan is divided between two Parties PakistanRead MoreNuclear Energy And Nuclear Weapons Protect The Peace1433 Words   |  6 Pagesthe peace. From an environmental standpoint, environmentalists feel that nuclear energy would be a good thing for the world. Mark Lynas, a British environmental activist said, â€Å"Anyone who still marches against nuclear today is in my view just as bad for the climate as textbook eco-villains like that big oil companies† (Van Munster 789). Ever since the bombings in Hiroshima and Nagasaki brought the power of atomic energy, the words ‘atomic’ and ‘nuclear’ have been Janus-faced prefixes. To people onRead MoreImpact of GSP Plus Status on Pakistons Economy Essay720 Words   |  3 PagesIMPACTS OF GSP PLUS STATUS ON PAKISTAN’S ECONOMY During last days Pakistan succeeded to secure the long awaited duty-free access to the European markets for four years, by winning Generalized Scheme of Preferences (GSP) Plus status with an impressive count of votes. The EU’s Generalized Scheme of Preferences (GSP) gives developing countries a vital access to EU markets and contributes to their economic growth by allowing their exporters to pay lower duties on their exports to the EU. GSP PLUSRead MoreChallenges And Barrier And Soluations For Chinese Companies At China Pakistan Economic Corridor ( Cpec )1655 Words   |  7 PagesCHALLENGES/BARRIER AND SOLUATIONS FOR CHINESE COMPANIES AT CHINA PAKISTAN ECONOMIC CORRIDOR (CPEC) Abstract: In this paper, focus on the risks and challenges in the process of construction of CPEC. There are lot of studies about the importance of CPEC, benefits and impact on future economy of both countries. This paper attempts to explain the challenges, due to security issues, culture difference between china and Pakistan, energy issue in Pakistan, political, conflict in Balochistan, tribal issues, andRead MoreEnergy Is The Key Determinant Of Economic Development And Prosperity1102 Words   |  5 Pages1.1 BACKGROUND Energy is the key determinant of economic development and prosperity of the society’s quality of life. The human civilization started with the historic revolutionary invention of fuel energy which today has become a universal concern. Energy plays a vital role in human development and welfare, since all the important economic activities of present civilization are dependent on availability and level of consumption of energy (Rajgopal and Mishra, 1994). Energy is considered to be

No comments:

Post a Comment