Latest news with #PEDO
Business Recorder
12-07-2025
- Business
- Business Recorder
KP launches carbon asset inventory to enter global markets
PESHAWAR: The Government of Khyber Pakhtunkhwa has officially launched the province's first Carbon Asset Inventory for its renewable energy portfolio on Friday. The launch event, held in Peshawar, marks a significant milestone in KP's journey to access international carbon markets and unlock new pathways for climate finance. Developed in collaboration with the UK International Development-funded Sustainable Energy and Economic Development (SEED) Programme, the inventory maps renewable energy projects owned by the Pakhtunkhwa Energy Development Organization (PEDO), assessing their potential for carbon credits and International Renewable Energy Certificates (I-RECs). Speaking at the event, the Chief Minister of Khyber Pakhtunkhwa Ali Amin Khan Gandapur stated that this initiative is a bold testament to KP's leadership in climate action. It demonstrates our resolve to expand clean energy solutions, attract green finance, and ensure that the benefits of sustainability are equitably shared among our people.' The Chief Minister termed the launch of the Carbon Asset Inventory as a historic moment, stating that this step is evidence that our province is ready to align with global environmental goals. He said this initiative also reflects the government's commitment to adopting market-based mechanisms for sustainable economic development. He appreciated the collaboration between PEDO and the SEED Programme, stating that it was through the collective efforts of all stakeholders that the province's first Carbon Asset Inventory was made possible. Ali Amin Gandapur stated that this inventory is a modern tool that maps PEDO's renewable energy projects and establishes a carbon emissions baseline, enabling PEDO to quantify the emissions it has saved. He added that this initiative will pave the way for the province's access to the international renewable energy market and will also lay the foundation for promoting climate financing in the province. The CM expressed his determination to fully benefit from climate financing opportunities to promote green energy solutions in the province and to make this approach a permanent part of his development strategy. Ali Amin Gandapur said the province has special potential in renewable energy, with multiple projects under implementation by PEDO and several others in the pipeline. He termed the agreement between PEDO and PAT as a milestone, under which the renewable energy potential will be effectively utilized for the province's economic stability. He stated that economic self-reliance and environmental sustainability are among the top priorities of his government, and for this purpose, focus is being given to the development of all sectors with untapped potential. Earlier, briefing the participants about the outcomes of newly launched inventory, the authorities told that the Carbon Asset Inventory evaluates PEDO's hydropower and solar portfolio against leading carbon credit standards-Verra, Gold Standard, and the Global Carbon Council (GCC) and finds that 8 projects are eligible for Verra, 13 for Gold Standard, and 37 for GCC, while the entire portfolio qualifies for I-RECs. Collectively, these projects could avoid 5.4 million tonnes of CO2 emissions annually and generate up to 11.9 million I-RECs, creating a significant opportunity for revenue through carbon markets. In a major step forward, PEDO also signed an agreement today with the Pakistan Environment Trust (PET) to register with Evident, the global I-REC registry. This positions KP to formally enter international renewable energy markets, with five projects being registered in the first phase. Copyright Business Recorder, 2025
Express Tribune
11-07-2025
- Business
- Express Tribune
K-P looks to attract global green funding
In a landmark initiative to accelerate climate action and access global green finance, the government of Khyber-Pakhtunkhwa has launched the province's first-ever Carbon Asset Inventory, mapping renewable energy projects under the Pakhtunkhwa Energy Development Organization (PEDO) to quantify emissions reductions and explore international carbon market opportunities. The launch event, held in Peshawar, was organized in collaboration with the UK-funded Sustainable Energy and Economic Development (SEED) Programme. The inventory assesses the eligibility of PEDO's renewable energy projects — including hydropower and solar — for carbon credits under internationally recognized frameworks such as Verra, Gold Standard, and the Global Carbon Council (GCC), in addition to their qualification for International Renewable Energy Certificates (I-RECs). Chief Minister Ali Amin Khan Gandapur, speaking at the event, described the initiative as a historic milestone in K-P's journey toward sustainable economic development and climate resilience. "This Carbon Asset Inventory is a bold testament to our leadership in climate action," he said. "It reflects our commitment to expanding clean energy, attracting green finance, and ensuring sustainability benefits are shared by all." The chief minister emphasized that the inventory provides a scientific baseline to measure avoided carbon emissions from PEDO's portfolio, making it possible to quantify environmental impact and generate revenue through carbon markets. He said the move would strengthen K-P's position in the global renewable energy space and open doors to climate finance mechanisms that support green development. Highlighting K-P's vast potential in renewable energy, Gandapur noted that PEDO is currently implementing multiple clean energy projects, with more in the pipeline. He termed the agreement between PEDO and the Pakistan Environment Trust (PET) a significant milestone. Under this agreement, K-P will register renewable energy projects with Evident, the global I-REC registry. In the first phase, five projects are being registered, marking K-P's formal entry into international renewable energy markets.
Express Tribune
22-06-2025
- Business
- Express Tribune
Timely energy projects 'top priority'
Under the Good Governance Roadmap Program, ensuring merit and transparency in institutional matters remains the top priority. The biggest challenge in this regard is completing ongoing energy projects within the stipulated timeframe. In line with the Chief Secretary's directive, all officials must play their part in operationalizing e-tendering, e-payment, and one-window service platform. These views were expressed by Secretary Energy and Power Muhammad Zubair Khan in a meeting attended by the heads of PEDO, K-P Oil and Gas Company, Electric Inspectorate and Energy Planning Directorate regarding the Khyber-Pakhtunkhwa Good Governance Roadmap. Additional Secretary Admin Shoaib Khan, Additional Secretary Power Anwar Khan Sherani and other senior officers also attended the meeting. Meanwhile, the Secretary while emphasizing the strict implementation of the guidelines set for ongoing energy projects, said that currently work is progressing rapidly on Balakot, Lawi, Gorkin Matiltan, Gabral Kalam, and Madyen Hydropower projects. The Secretary added that timely completion of these projects within the stipulated timeframe is a major challenge.
Business Recorder
14-06-2025
- Business
- Business Recorder
NUST hosts assistive technology and inclusion summit
ISLAMABAD: Themed on 'Transformative Solutions for Inclusive Development: the Role of Innovation in Fueling an Accessible and Equitable World,' the Assistive Technology and Inclusion Summit (ATIS-2025) at NUST brought together over 200 changemakers, experts, and stakeholders. Organised jointly by NUST and Pak Everbright Development Organization (PEDO), ATIS-2025 served as a vital platform to address the critical need for assistive products, especially digital devices, for differently-abled persons and senior citizens in Pakistan. The summit aimed to bridge the gap between users and service providers, raise awareness about assistive technology, and create opportunities for cost-effective availability and maintenance of these crucial devices locally. One of the summit's key highlights was a panel discussion on "Innovation for Accessibility: The Role of Academia, Industry, and Organizations of Persons with Disabilities (OPDs) in advancing Inclusion." Industry leaders and field experts shared thought-provoking insights, with focus on current resources available for differently-abled persons and how different strategies and steps could help in making an inclusive future. "ATIS-2025 marks a significant step towards a truly inclusive society in Pakistan," stated Mr Shahab Ud Din, CEO of PEDO. 'Our collective efforts here today will ignite further research and development, and empower stakeholders to contribute to digital device innovation,' he added. Copyright Business Recorder, 2025
Business Recorder
02-06-2025
- Business
- Business Recorder
KP govt refutes irregularities, corruption in solarisation scheme
PESHAWAR: The KP government has refuted the impression of alleged irregularities and financial corruption in the provision of free solar systems to 130,000 poor and middle-class families of the province termed it baseless and misleading propaganda, reported by some sections of media. It said that some vested interests associated with the solarisation business have started spreading false propaganda against the project after it failed to achieve its desired objectives. In this context, KP Energy and Power Department has clarified that the mega project of the Khyber Pakhtunkhwa government's 130,000 free solar scheme had been launched through the online e-balloting in which deserving families have been selected on merit and at the same time he has issued instructions that the public welfare project should be completed as soon as possible. department's subsidiary, the Pakhtunkhwa Energy Development Organisation (PEDO). KP Chief Minister Ali Amin Gandapur has inaugurated the first phase of the project through Moreover, the real facts about the project are that no payment has been made under this project yet. No tender has been allotted to any contractor, while the estimated rates of the project have been prepared in full accordance with the Market Rate System (MRS) 2024 first half and the approved market rate analysis of the Finance Department. The project was initiated after the approval of the Technical Committee comprising representatives of the Finance Department, P&D Department, Energy Department and PEDO after regular consultations regarding design, estimation and PC-1 in its meetings. In addition to this, the advance procurement process for the project has been initiated under Section 22 of the KPPRA Act, which allows approval subject to availability of funds. Similarly, the letter recently issued by KPPRA regarding the irregularities in procurement is also contrary to reality, in which the advance procurement of the penalised party has been mentioned. In this regard, the E&P Department further clarified regarding the project, there is impression that only one model of all-in-one solution in China that is also wrong because several companies in China are working on all-in-one solution. In fact, there are companies in Pakistan that are working on this model, which is proving the quality of work and technical process to be timely and effective. Similarly, a Memorandum of Understanding (MoU) has already been signed between Bank of Khyber (BoK) and PEDO for the timely completion of the project. The non-ADP summary for this scheme has been approved by the cabinet and the Planning and Development Department has sent the cost of the project and other matters to the Chief Minister through a summary after formal approval. Copyright Business Recorder, 2025
