ISLAMABAD – In response to the recent baseless allegations of gas theft by Sui Northern Gas Pipeline Limited (SNGPL), Jazz, Pakistan’s largest digital operator, has served the gas company with a Rs 10 billion defamation notice. Categorically refuting SNGPL’s false claims of gas theft at a Karak (KP) site, the telecom company has served a legal notice to SNGPL. Jazz…
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Ambassador of Denmark H.E. Jakob Linulf held a meeting with Minister of Energy Mr. Muhammed Ali today at Power Division. The agenda of the meeting was opportunities for Green energy initiatives and energy conservation in Pakistan. The discussion of projects and initiatives being carried out under the Danish Energy Transition Initiative (DETI) and Investment Fund(IFU) ,a fund for Developing countries…
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ISLAMABAD: The International Monetary Fund (IMF) has urged the caretaker government to improve its power generation system in order to provide relief to Pakistani consumers, while demanding that the government withdraw the subsidy it is providing on gas being supplied to captive power plants (CPPs). The IMF made this demand during its talks with the Ministry of Finance and the…
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ISLAMABAD: The federal government has intensified its efforts to combat power theft, but it turns out that several of its own ministries and departments owe substantial sums to the Islamabad Electric Supply Company (Iesco), amounting to a staggering Rs71.52 billion. Notably, the largest portion of this debt, Rs60.7 billion, is attributed to the Azad Jammu and Kashmir (AJ&K) government. Curiously,…
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ISLAMABAD: The Jamshoro grid station, a pivotal component of Pakistan’s power network, confronts a range of obstacles jeopardising its operational efficiency and dependability. The System Need Assessment report, commissioned at the direction of Nepra (National Electric Power Regulatory Authority) in July 2023, was submitted by the National Power Control Center (NPCC). The NPCC is part of the National Transmission and…
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Britain has now installed more wind capacity than any other type of power source, with wind power capacity overtaking combined-cycle gas power stations for the first time and ending more than a century of fossil fuels dominating the electricity system, a new report prepared for power group Drax showed on Wednesday. As of June 2023, Britain’s fleet of wind farms reached…
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Investment in solar PV construction hit ~$15.8 billion in the first half of 2023, outpacing other power generation sources. Despite land constraints in coastal regions, provinces like Henan and Shandong lead in distributed solar PV installations, with the nation halfway through its five-year solar installation target. China’s solar sector is set to break records in the coming years . When…
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Abu Dhabi, United Arab Emirates, 11 September 2023 – G20 leaders agreed to accelerate efforts to triple global renewable energy capacity by 2030, aligning with recommendations from the International Renewable Energy Agency (IRENA) on how the world can move in line with the Paris Agreement targets. In a declaration adopted on Saturday, the Group cites a joint report between IRENA and India’s…
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[Karachi, Pakistan – September 13, 2023] – Sunova Solar, a leading innovator in the renewable energy industry, recently participated in the Solar Pakistan Exhibition & Conference, held from September 7 to 9 at the Karachi Expo Centre. The event marked a significant milestone for Sunova Solar as it showcased its commitment to providing sustainable energy solutions to the Pakistani market.…
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KARACHI: Hub Power Company (Hubco)’s net consolidated profit soared almost 110% to Rs62 billion in the year ended June 30, 2023 primarily due to increase in sales and a jump in share of profits from associates and joint ventures. The company earned Rs29.58 billion in the previous year, according to the profit or loss account sent to the Pakistan Stock…
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