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POLICY security. GRID

Denmark and India sign China completes world’s

MoU on green energy POLICY first renewables-only
transition Karachi to receive transmission line

India’s Ministry of Power and the Danish additional 1,400MW China has completed work on a $3.2bn
Ministry of Climate, Energy & Utilities have electricity transmission line that will carry
signed a Memorandum of Understanding electricity by 2023 only renewable energy, the first of its kind in
(MoU) to cooperate on green energy the world.
transition in India. Planning, Development and Special Initiatives The 1,500km line, commissioned by
The MoU will be the foundation for the Minister Asad Umar said on Monday China’s State Grid Corporation, is intended to
new 5-year Indo-Danish cooperation called that Karachi city would receive additional stimulate the development of wind and solar
the India-Denmark Energy Partnership. 1,400MW electricity by 2023. electricity in the relatively remote provinces of
The partnership aims at supporting the He was chairing a special meeting to Qinghai and Gansu.
ambitious Indian target of 175GW by 2022 review the future electricity demand-supply The high-capacity line runs to densely-
and long-term target of 450GW renewable outlook of Karachi. populated Henan, in the centre.
energy capacity announced by Prime Minister The meeting deliberated upon possible State Grid intends to put the line into full
Narendra Modi at the UN Climate Summit in measures to supply additional electricity to operation in December, when it will be able to
September 2019. Karachi through the national grid to meet the handle 40bn kWh a year.
Key focus areas under the MoU are future requirements. In coming years, China State Grid said the
knowledge exchange on energy planning and It was informed that the electricity demand project could create around 10,000 jobs in
scenario modelling, integration of high share in Karachi was expected to rise to almost renewables and related industries.
of renewable energy, power system flexibility 4,100MW by 2023, and thus would require At present State Grid has about 40GW of
and electricity markets. an additional 1,300MW to meet the future wind and solar generation in Qinghai and
“Green energy transition can help requirements. Gansu.
kick-starting economies after the Covid-19 Power Minister Omar Ayub Khan, Special China State Grid is the largest utility in the
pandemic. The choices we take now to restart Assistant to Prime Minister (SAPM) on world, and the fifth biggest company.
our economies will determine our ability to Petroleum Nadeem Babar, SAPM on Mineral In December it bought a $1bn, 49% stake
create new and permanent jobs and mitigate Development Shahzad Qasim, and officials of in Oman transmission network, adding to the
the impacts of pollution. The Indo-Danish NEPRA, NTDC and K-Electric were present $63bn in overseas assets it controls in Brazil,
cooperation can help green energy transition on the occasion. the Philippines, Portugal, Australia, Italy,
to deliver jobs and economic growth while The meeting was informed that to meet the Greece and Hong Kong.
also ensuring that our energy systems are future requirements of Karachi, the Cabinet
modernised, more resilient and less polluting,” Committee on Energy (CCOE) had given the
said Ambassador of Denmark to India, requisite approvals for the supply of 500MW
Freddy Svane. from K2/K3 project. GAS-FIRED GENERATION
The Indo-Danish cooperation on the
integration of large amounts of renewable Petronas enters Myanmar’s
energy acknowledges that an affordable and
reliable supply of renewable electricity is gas market with first LNG
instrumental to economic growth and energy
cargo delivery

Petronas through its subsidiary, Petronas LNG
Ltd. (PLL), recently completed its maiden
delivery of liquefied natural gas (LNG) to
Yangon, Myanmar, with two LNG cargoes
delivered in May and June 2020. The delivery
of the two LNG cargoes is part of a master sale
and purchase agreement between PLL and
CNTIC VPower that was signed in early 2020.
As part of the agreement, the LNG cargoes
were sold on Free-On-Board (FOB) basis,
amounting to a total LNG volume of 190,000
cubic metres. Both LNG cargoes were loaded
at PETRONAS LNG Complex in Bintulu,
Sarawak, and were delivered on May 7, 2020,
onboard the CNTIC VPower Global, and on
June 3, 2020, onboard the Golar Kelvin.
Commenting on Petronas’ successful entry
into the Myanmar gas market, PLL’s chief
executive officer, Abdul Aziz Othman said:

P10 www. NEWSBASE .com Week 23 10•June•2020