The solar net-metering power generation has reached 419MW (approximately) with a considerable number of consumers switching to solar across the country. With around 149MW, Lahore Electric Supply Company (Lesco) stands first among 10 power distribution companies (Discos), Dawn has learnt. The net-metering project had been launched in 2016 countrywide. It allows any domestic, commercial, industrial and other consumers having at least a…
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The federal government is likely to grant mining sector a industry status aimed at facilitating its development as per rules of provincial governments, sources in Petroleum Division told Business Recorder. As per Constitutional provisions, minerals other than mineral oil, natural gas and nuclear substances and those occurring in federally controlled areas [Islamabad Capital Territory and offshore beyond the territorial waters] are…
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Value chain of RLNG in country , By 2030, Ogra forecast suggests that the country’s gas shortfall will be almost 4,000 mmcfd. This gas deficiency resulted in decline in electricity generation from 12.15% during July-April 2021 to 8.5% in July-April 2022. Owing to the depleting gas reserves, Pakistan entered into the LNG market and availed a cheaper cost of electricity…
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Saudi Arabia and Greece have agreed to form a technical team to carry out studies about the prospect of Saudi Arabia exporting electricity and hydrogen to Europe via Greece. This proposal was contained in the joint statement issued by the two countries at the end of the two-day official visit of Crown Prince Mohammed Bin Salman to Greece. The statement…
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The International Monetary Fund (IMF) said on Wednesday it would discuss with Bangladesh its loan request after the country became the third in South Asia to seek such support after Pakistan and Sri Lanka. Bangladesh’s $416 billion economy has been one of the fastest-growing in the world for years, but rising energy and food prices because of the Russia-Ukraine war…
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Bangladesh has asked the International Monetary Fund for support in riding out a financial shock triggered by volatile energy prices after the Russian invasion of Ukraine, officials said Tuesday. The South Asian nation has experienced lengthy blackouts in recent weeks, sometimes for up to 13 hours a day, as utilities struggle to source enough diesel and gas to meet demand.…
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Power projects including 1124 MW Kohala and 700.7 MW Azad Pattan HPPs as well as 1,320 MW Thar Coal power plant project will be taken up in the coming meeting of the Pakistan-China Joint Energy Working Group (JEWG) which would be held in the first week of the next month (August). The Power Division highlighted the agenda for the forthcoming…
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