ISLAMABAD: The government has formally proposed a significant increase of about 25% in the base national electricity tariff, to take effect from July 1, 2025. This hike aims to secure approximately Rs4 trillion in revenue for power companies in FY25. The National Electric Power Regulatory Authority (Nepra) has scheduled a public hearing for May 23 to examine a petition filed…
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Background Power storage solutions have become essential for households worldwide, ensuring uninterrupted electricity during power failures and network disruptions. For instance, in natural disasters, home energy storage systems can provide continuous power – critical in such conditions. By storing renewable energy like solar power, these systems reduce grid dependency and overall energy consumption, optimizing electricity usage patterns and minimizing wastage…
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ISLAMABAD – The federal government government on Wednesday lowered price of petrol by Rs15.39 for May 2024, and the new rate stands at Rs273.1. The price of petrol, and diesel were lowered on the recommendation of Oil and Gas Regulatory Authority (OGRA). In a notification, the Finance Ministry said price of petrol move down up by Rs15.39 to Rs273.10 a liter, while that of diesel dropped by Rs7.88…
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KARACHI (PR) – Leaders of the United Business Group (UBG), including Patron-in-Chief SM Tanveer, President Zubair Tufail, General Secretary (Sindh) Hanif Gohar, and Core Committee Member Syed Mazhar Ali Nasir, have highlighted the significant challenges faced by investors in Pakistan and called for robust government policies to ensure economic stability. In a discussion with a delegation of businessmen and industrialists,…
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Abu Dhabi – COP28 President Dr. Sultan Al Jaber has officially tasked the International Renewable Energy Agency (IRENA) with creating an annual report series to monitor and recommend actions on the UAE Consensus renewable energy and energy efficiency goals set at COP28. The UAE Consensus aims to triple renewable power capacity and double energy efficiency by 2030, key measures in…
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The Emirates Group has reported its best-ever financial performance for the fiscal year 2023-24, achieving a record profit of AED 18.7 billion (US$ 5.1 billion), marking a significant 71% increase from the previous year. This achievement is complemented by record revenue and a record level of cash assets. Group revenue soared by 15% to an unprecedented AED 137.3 billion (US$…
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GoodWe, a leading inverter manufacturer and smart energy solution provider, has received a ‘BBB’ rating in the latest MSCI Environmental, Social, and Governance (ESG) evaluation. According to the scorecard released by MSCI, GoodWe’s ESG performance in 2023 excelled in Opportunities in Clean Tech and Labor Management, evaluated in various aspects such as the clean tech innovation capacity, employee relations, strength…
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GoodWe, a global leader in solar inverter manufacturing and renewable energy solutions, has released its 2023 Corporate Social Responsibility (CSR) report, demonstrating its commitment to supporting the United Nation’s Sustainable Development Goals (SDGs). Released on April 26, 2024, the report highlights GoodWe’s efforts in corporate governance, product responsibility, sustainable operations, industry engagement, employee development, and community contributions. “The release of…
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Pakistanis rank second among foreign nationals owning billions of dollars in Dubai, as revealed in an investigative report on offshore asset ownership by influential individuals worldwide.The groundbreaking report by the Organized Crime and Corruption Reporting Project (OCCRP) exposes that influential Pakistanis possess properties in Dubai valued at a staggering $11 billion. The affluent Pakistanis who own luxurious properties in Dubai…
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Ambitious 640MW combined solar PV projects plannedKarachi, May 4, 2024 – K-Electric (KE) has taken a significant leap in inducting a sustainable energy future. At a recent roadshow event the power utility showcased its ambitious solar PV based power projects that will establish 640 MW of renewable energy across its service territory, aligning with its vision of achieving a 30%…
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