Experts stress Net metering regime should assist Pakistan in rapidly achieving its clean energy transition goals The experts at a roundtable on solar net metering challenge on Friday demanded a holistic revamp of existing policy as an urgent measure for promoting solar energy as the cheapest power resource amid growing energy demand. The Sustainable Development Policy Institute and Energy Update…
Read More
Karachi, Pakistan – As Karachi grapples with escalating traffic congestion and pollution, the introduction of RAILBUS services promises a significant improvement in the city’s urban transportation system. This innovative solution is set to transform the mobility, environment, and economy of Pakistan’s largest metropolis. Easing Traffic Congestion Traffic congestion is a daily ordeal for Karachiites, with overburdened roads leading to frequent…
Read More
ISLAMABAD: The government’s efforts to implement the Weighted Average Cost of Gas (WACOG) formula for biannual gas tariff determination, which blends local and imported RLNG prices, have encountered significant opposition. Sindh Chief Minister has strongly opposed the formula, arguing that it violates Article 158 of the Constitution, which stipulates that the province producing the gas has the first right to…
Read More
ISLAMABAD: China’s state-owned insurance company, Sinosure, has shown a willingness to implement two major hydropower projects in Pakistan—the 700-MW Azad Pattan Hydropower Project and the 1124-MW Kohala Hydropower Project—following guidance from Beijing, well-informed sources told Business Recorder. Successive Pakistani governments have struggled to commence these vital hydropower projects due to Sinosure’s reluctance, primarily driven by payment issues with existing companies…
Read More
ISLAMABAD: The circular debt in Pakistan’s power sector has surged to Rs2.636 trillion by the end of January 2024, surpassing the government’s commitment to keep it within Rs2.31 trillion for the fiscal year. According to data from the Power Division of the Ministry of Energy, the circular debt rose by Rs84 billion in January alone, reaching Rs2.636 trillion compared to…
Read More
TEHRAN: Iranian President Ebrahim Raisi, a prominent hardliner and potential successor to Supreme Leader Ayatollah Ali Khamenei, was confirmed dead in a helicopter crash near the Azerbaijan border, officials and state media reported on Monday. The helicopter, which crashed on Sunday, was carrying Raisi and Foreign Minister Hossein Amirabdollahian. The charred wreckage was discovered early Monday after an overnight search…
Read More
LAHORE: Federal Minister for Energy Awais Ahmad Khan Leghari reaffirmed on Sunday that the government has no intention of ending the solar net-metering policy. Addressing media reports that suggested a shift to a gross-metering mechanism, Minister Leghari clarified that the net metering policy, which allows consumers to sell excess electricity generated by their solar systems back to the grid, would…
Read More
