Not far away is a solar panel powering the small appliance that is indispensable for many in summer. Solar panels, each with a cost of about Rs120,000, are more commonly seen inhis village. “Many households in our village have solar panel, especially for air conditioning in summer. As more Chinese companies are providing solar panels to Pakistan, the problem of…
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The Power Division has reportedly held National Electric Regulatory Authority (Nepra) responsible for addition of Rs 500 billion to the circular debt flow in FY 2021-22 totaling Rs 850 billion due to delay in notifications for rebasing of Rs 7.91 per unit and Quarterly Tariff Adjustment (QTA) determination. Background interaction with officials dealing with the financial issues of power sector…
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The Ministry of Economic Affairs has reportedly declared four power sector projects worth $2.3 billion problematic and directed the Power Division and its attached organizations to expedite implementation of the projects. This was the crux of the third follow-up meeting of National Coordination Committee (NCC) of Federal Energy Sector (EES) held in the Ministry of Economic Affairs, which reviewed progress…
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The 969MW Neelum-Jhelum Hydropower Project is unlikely to become operational soon as the technical fault that forced its closure a few days ago is yet to be ascertained by the local authorities. That is why Prime Minister Shehbaz Sharif on Wednesday held a meeting on the issue and ordered to have it inspected by international institutions to find out the…
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Federal Minister for Planning and Development Ahsan Iqbal on Thursday stressed the need for honouring the pledges and commitments to investing $600 billion in clean energy. “We welcome the Global Roadmap for Accelerated Sustainable Development Goals (SDGs) Action, developed in the 2021 highlevel dialogue and over 200 Energy Compacts, including pledges of $600 billion… yet actions have to match the…
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Pakistan has assured the International Monetary Fund (IMF) that it would try to receive concessions from the China-Pakistan Economic Corridor (CPEC) power plants in the shape of either reduction in the profit rates on investment or rescheduling the loan repayments. The issue of reopening of the purchase agreements of the power generation plants set up under the multi-billion dollar CPEC is unlikely…
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Range anxiety is among the main reasons why people do not buy electric vehicles (EVs). However, a study conducted by researchers from Oregon State University claims that solar-powered EV charging stations could address that issue. Researchers, Casey L. Steadman, and Chad W. Higgins found out that solar power-based EV charging infrastructure near rural highways can encourage people to shift to…
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A Pakistan delegation led by Secretary Commerce, Sualeh Ahmad Faruqui will visit Afghanistan on July 17-18, 2022 for talks on import of coal for power generation, well informed sources told Business Recorder. The delegation visit is scheduled amid threats by Chinese company generating electricity on imported coal that they will revert to South African coal if NEPRA fails to resolve its…
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A consortium of Pakistan’s companies comprising Oil and Gas Development Company Limited (OGDCL), Mari Petroleum Company Limited (MPCL), Government Holdings (Private) Limited (GHPL), and Pakistan Petroleum Limited (PPL) (Operator) has established Pakistan International Oil Limited (PIOL) in Abu Dhabi as an independent joint-venture company. The consortium, which has been awarded Offshore Block 5 in Abu Dhabi’s second competitive exploration bid…
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