The Power Division has categorically denied recent rumors circulating about the imposition of a fixed tax on solar power in Pakistan. In an official statement, the Power Division clarified that there is no truth to these speculations, emphasizing that such measures have not been considered or proposed. According to the Central Power Purchasing Agency (CPPA) and Power Division officials, no…
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In Islamabad, the National Electric Power Regulatory Authority (Nepra) recently censured power companies for inefficiencies and their reliance on expensive power plants, despite cheaper alternatives being available. During a public hearing led by Nepra Chairman Waseem Mukhtar, concerns were raised over the underutilization of cost-effective plants, leading to a rise in average fuel costs. Notably, hydropower supply exceeded estimates in…
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the Foreign Office reaffirmed Pakistan’s prioritization of national interest in making decisions regarding its energy needs. Spokeswoman Mumtaz Zahra Baloch emphasized that Pakistan’s energy requirements play a crucial role in driving its economy, guiding its stance on international relations, including potential sanctions and trade dynamics in the energy sector. Addressing queries about the Pakistan-Iran Gas Pipeline Project and trade agreements,…
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The Power Division in Islamabad has voiced apprehensions regarding the growing trend of solarisation, especially in the context of net-metering, stating that it is straining the national power system. The division has urged the government to consider implementing a new time-of-use (TOU) tariff for consumers to address these challenges. During a recent Nepra public hearing on additional fuel charges adjustments,…
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The Oil Companies Advisory Council (OCAC) has issued a stark warning about the oil sector’s sustainability crisis, citing massive stocks of high-speed diesel (HSD) that could hinder refineries’ ability to import crude oil. In a letter to the Oil & Gas Regulatory Authority (OGRA), OCAC highlighted the critical challenges posed by excessively high HSD stocks, primarily due to rampant smuggling…
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The Pakistan Wind Energy Association (PakWEA) has sounded the alarm over persistent power curtailment affecting Wind Power Producers (WPPs), leading to financial strain and project viability concerns. PakWEA has urgently requested attention from federal authorities to address the ongoing curtailment issues that threaten the financial sustainability of WPP projects. In a letter to the Power Minister, PakWEA highlighted that the…
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Engro Corporation proudly announces the appointment of Mr. Ahsan Zafar Syed as its 5th President and CEO, marking a new era of leadership for the company. Mr. Syed, who joined Engro in 1991 as a young engineer, brings over three decades of invaluable experience in operations, project management, and strategic leadership across multiple sectors. During his tenure, Mr. Syed has…
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