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Day: May 27, 2024

Seminar on net metering, distributed generation policies Well-off power consumers having rooftop solar systems be permitted to donate excess electricity to charitable causes in Pakistan

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Hopewind-Group

Karachi: Well-off consumers with rooftop solar systems should have the opportunity to donate excess clean energy to charitable causes, benefiting deserving segments of society. Moin M Fudda, former managing director of the Karachi Stock Exchange and ex-chairman of Central Depository Company of Pakistan, suggested this to the government regarding the potential revision in net metering policy in the country. Fudda,…

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Seminar on net metering, distributed generation policies

Admin

Well-off power consumers having rooftop solar systems be permitted to donate excess electricity to charitable causes in Pakistan Karachi: Well-off consumers with rooftop solar systems should have the opportunity to donate excess clean energy to charitable causes, benefiting deserving segments of society. Moin M Fudda, former managing director of the Karachi Stock Exchange and ex-chairman of Central Depository Company of…

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Malaysia to cut diesel subsidies, saving $852m annually

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crude-oil

KUALA LUMPUR: Malaysia will begin cutting fuel subsidies to bolster its fiscal position starting with diesel, a move that will save about 4 billion ringgit ($852 million) annually, Prime Minister Anwar Ibrahim said on Tuesday. Anwar has repeatedly vowed to shift away from blanket subsidies to a targeted system that mainly aids low-income groups. Malaysia subsidises fuel, cooking oil, and…

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Previous flawed decisions hampering improvement in power sector?

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CPEC-IPPs

ISLAMABAD: Pakistan’s power sector has shown little, if any, sign of improvement in decades due to the irreversibility of past flawed decisions including contracts signed under the umbrella of the China Pakistan Economic Corridor (CPEC) that favour the Independent Power Producers (IPPs), coupled with the policy of net metering allowed for solarisation thereby overburdening the remaining consumers through ever rising…

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Gandapur, Centre to ‘jointly address’ K-P power woes

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KP-power

ISLAMABAD: Khyber-Pakhtunkhwa Chief Minister Ali Amin Gandapur on Sunday met with Interior Minister Mohsin Naqvi and Federal Energy Minister Awais Ahmad Khan Leghari wherein they agreed to jointly address the various issues being faced by the province including prolonged power outages. According to a statement issued by the interior ministry, they exchanged views on the prevailing situation in K-P. It…

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Positive signs indicate Pakistan’s economic turnaround, says Musadik Malik

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Musadik-Malik

Minister for Petroleum Musadik Malik on Sunday said that according to both internal and external economic indicators, the country’s “economy is heading in the right direction”. In an interview with Geo News programme Naya Pakistan with Shehzad Iqbal, he said that friendly nations and international economic institutions such as the IMF and World Bank have provided positive signals about Pakistan’s…

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