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Day: March 22, 2024

Topping the global most powerful string inverters ranking- Hopewind leads the innovation in utility-scale PV

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hopewind

Hopewind’s 330-385kW series string inverters are recognized as the world’s most powerful string inverters after a throughout market research conducted by Solarbe Global, a well-known PV industry media. The dominance of utility-scale PV in global PV installations is indisputable, as it emerges as a key catalyst in achieving the net-zero target by 2030. Projections by BNEF reveal a remarkable growth…

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Sindh’s 45 clean energy projects having over 3,000 MWs production capacity waiting approval under competitive bidding regime

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wind-power

Karachi Forty-five proposed clean energy projects to be installed in Sindh with a cumulative generation capacity of over 3,000 megawatts have been waiting for their approval under the competitive bidding regime, whose auction has to be conducted by the federal government.Sindh Energy Minister Syed Nasir Hussain Shah passed on this information to Chief Minister Syed Murad Ali Shah, who chaired…

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US Ambassador Calls On Minister for Petroleum

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Musadik-Malik

Ambassador of the United Stated of America H.E. Donald Blome called on the newly appointed Federal Minister for Petroleum, Dr Musadik Malik. H.E the ambassador extended his congratulations to Dr. Musadik Malik on assuming the office and expressed high hopes for the transformation of the energy sector. Federal Minister appreciated H.E. Ambassador Blome for always extending his support and reaffirmed…

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World Water Day 2024: Water Scarcity in Pakistan Is a Gendered Issue

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water-karachi

Water scarcity is a deeply gendered issue that disproportionately burdens women, particularly in regions like Pakistan. Over a year ago, Pakistan made global headlines as catastrophic flooding tore through the country, resulting in displacing over 33 million people and unimaginable damage. After flooding destroyed villages and critical infrastructure, millions now face either unsafe drinking water or live in severely water-scarce…

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Pakistan loses $4bn annually due to climate change, says TIP report

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Climate-Talks

Pakistan loses $4bn annually due to climate change, says TIP report ISLAMABAD: Pakistan annually loses $4 billion due to climate change-induced events, says a report released by Transparency International Pakistan (TIP). The TIP on Thursday released its report “Financing Climate Action: Enhancing Effectiveness and Transparency in Pakistan’s Climate Governance Frameworks”. According to a TIP press release, the report is an…

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Eyebrows raised over massive tariff hike sought by gas firms

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Gas-tariff

Officials termed the projections in the petitions as highly exaggerated that need to be rationalized ISLAMABAD: The new government functionaries have raised eyebrows over petitions of gas companies submitted to Ogra, seeking up to 380 percent hike in gas tariff for the next financial year 2024-25 applicable from July 1, 2024. Officials termed the projections in the petitions as highly…

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Power, gas theft: FIA asked to launch ‘massive’ crackdown

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gas-prices

ISLAMABAD: Interior Minister Mohsin Naqvi on Thursday directed the Federal Investigation Agency (FIA) to launch a massive crackdown across the country on electricity and gas thieves.The interior minister after presiding over a meeting tweeted that there will be no discrimination during the campaign. “All responsible will be put behind bars”, he said, adding that this proactive initiative aims to curb…

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MYT components and other adjustments: Six Discos seek Rs5 raise in tariff

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power-sector

ISLAMABAD: Six power Distribution Companies (Discos) have sought increase in tariff of about Rs5 to recover about Rs750 billion, from their consumers for the year 2024-25 under indexation of Multi-Year Tariff (MYT) components and other adjustments.According to the petitions, filed with the National Electric Power Regulatory Authority (NEPRA), Quetta Electric Supply Company (QESCO) has submitted revenue requirement of Rs236.945 billion,…

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Economic indicators improve on $3b IMF SBA

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IMF-board

Research house says indicators suggest that overheated economy has stabilised KARACHI:Pakistan’s economic indicators have significantly improved under the ongoing International Monetary Fund (IMF) Stand-By Arrangement (SBA) of $3 billion, suggesting that economic activities have stabilised and are ready to enter a growth phase ahead of the new loan package from the lender.In its latest monthly update released on Thursday, Topline…

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