The Indonesian government has ended net metering for rooftop solar installations. The Jakarta-based Institute for Essential Services Reform says this could make it harder for the country to meet its solar deployment targets, as PV installations will become more expensive for households and small businesses. Indonesia’s Ministry of Energy and Mineral Resources (MEMR) has enacted MEMR Regulation No. 2/2024, which…
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The Government of the Islamic Republic of Pakistan welcomes the recent announcement by the World Bank that, amongst other initiatives in support of the people of Afghanistan related to its “Approach 3.0”, the Central Asia-South Asia Electricity Transmission and Trade Project (“CASA-1000”) in Afghanistan will be resumed as had been requested in December by all three neighbouring countries participating in…
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Current Petrol Price in Pakistan is Rs. 279.75/Ltr, High Speed Diesel is Rs. 287.33/Ltr and Light Speed Diesel is Rs 166.86/Ltr. Petroleum Prices in Pakistan Today Petroleum Type Old Price New Price Difference Petrol PKR 275.62 PKR 279.75 +4.13 High Speed Diesel (HSD) PKR 287.33 PKR 287.33 – Light Diesel Oil (LDO) PKR 166.86 PKR 166.86 – Kerosene Oil PKR 186.86 PKR 186.86…
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Mercedes-Benz delayed its electrification goal by five years last week, assuring investors that it would continue to work on combustion cars. Mercedes, among other well-known automakers, has raised concerns about the lower-than-expected demand for battery-powered cars. Five years after releasing a prediction in 2021 that stated it would reach the 50% milestone by 2025 with predominantly all-electric cars, the company now…
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An implementation committee overseeing the Diamer Bhasha and Mohmand Dams, as directed by the Supreme Court of Pakistan, convened to assess advancements in land acquisition and resettlement efforts for locals residing in project areas. Chaired by Water and Power Development Authority (WAPDA) Chairman Lt Gen (Retd) Sajjad Ghani, the meeting focused on the sub-committee’s progress regarding land acquisition and resettlement…
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The Sindh government has partnered with the World Bank to initiate renewable energy ventures, aiming to generate approximately 300MW of electricity through solar and wind projects. Mehfooz Qazi, Director of Alternative Energy for the Sindh Government, announced the $100 million investment during a seminar titled ‘Significance of Renewable Energy for Karachi & Export Industry: Cost of Inaction.’ These projects, including…
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Dr. Shamshad Akhtar, the outgoing Caretaker Finance Minister, is advising the incoming government to maintain fiscal prudence and swiftly negotiate a new agreement with the International Monetary Fund (IMF) to implement vital reforms, as inflation stands at approximately 29 percent. In her departure note included in the Ministry of Finance’s Monthly Economic Update & Outlook for February 2024, Akhtar stressed…
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The National Electric Power Regulatory Authority (NEPRA) has received a Fuel Charges Adjustment (FCA) request from K-Electric for January 2024 on a provisional basis, offering three potential scenarios for adjustment, according to sources familiar with the matter. The proposed adjustments range from Rs 3.34 per unit to Rs 8.78 per unit. Caretaker Prime Minister Anwar ul-Haq Kakar recently instructed NEPRA…
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Pakistan State Oil (PSO) has reached out to the Power Division seeking assistance in recovering a long-pending amount of Rs30.8 billion from Hub Power Company (Hubco), according to reliable sources. The outstanding amount pertains to Residual Fuel Oil (RFO) supplies made by PSO to Hubco over a considerable period. As of February 26, 2024, the total outstanding amount, including Late…
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In an official statement released on Thursday, the Sui Southern Gas Company (SSGC) declared a temporary cessation of gas supplies to industries and compressed natural gas (CNG) stations across Sindh for a 48-hour period, commencing from Saturday morning. The decision, attributed to low pressure and shortages within the gas system, aligns with the approved gas sales agreement for industrial clients,…
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