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Day: September 19, 2024

IRENA and Azerbaijan COP29 Presidency to Hold Energy Transition Investment Forum in Baku

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New-IRENA

Abu Dhabi, United Arab Emirates, 19 September 2024 – The International Renewable Energy Agency (IRENA), COP29 Presidency and Ministry of Energy of Azerbaijan announced today that the first Energy Transition Investment Forum for Central Asia will be hosted in Baku, Azerbaijan, on 15-16 November 2024. The event is strategically aligned with the COP29 priorities and action agenda outlined by President Designate…

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Pakistan, China Collaborate on 1,200MW Nuclear Power Plant at Chashma

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Nuclear-Power

ISLAMABAD: Pakistan Atomic Energy Commission (PAEC) Chairman Dr. Raja Ali Raza Anwar announced the construction of a 1,200MW nuclear power plant at the Chashma site, in collaboration with China. He shared this during an event organized by China to celebrate its 40-year partnership with the International Atomic Energy Agency (IAEA). Speaking alongside IAEA Director General Rafael Grossi, Dr. Raja highlighted…

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Pakistan Approves Construction of White Oil Pipeline to Revolutionize Oil Distribution

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Oil-Pipeline

ISLAMABAD: In a groundbreaking move to modernize the nation’s oil distribution infrastructure, Pakistan has approved the construction of the White Oil Pipeline Project, led by the Special Investment Facilitation Council (SIFC). The agreement for the Machike-Thallian-Tarujabba White Oil Pipeline was signed on Wednesday, marking a major milestone in completing Pakistan’s oil pipeline network from Karachi to Peshawar. The 477-kilometer pipeline…

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K-Electric CEO Supports Entry of Other Discos into Karachi for Healthy Competition

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circular-debt-K-electric-ceo

KARACHI: Moonis Alvi, CEO of K-Electric, has endorsed the entry of other electricity distribution companies (Discos) into Karachi, emphasizing that competition would enable a fair evaluation of performance. Speaking at the Korangi Association of Trade and Industry (KATI), Alvi also advocated for K-Electric’s expansion beyond Karachi, allowing the utility to serve other cities in Pakistan. Alvi highlighted KE’s efforts to…

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WAPDA Seeks Power Division’s Approval for Mangla Power House Tunnel Closure for Refurbishment

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Mangi-Dam

ISLAMABAD: The Water and Power Development Authority (WAPDA) has formally approached the Power Division, seeking approval for the closure of Tunnel No. 1 (units 1 and 2) at the Mangla power house for 18 months to undergo refurbishment. The project aims to enhance the power house’s capacity by 310 MW, increasing it from 1,000 MW to 1,310 MW. The refurbishment…

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Power Firms to Refund Rs7.2 Billion Amid Decline in Demand

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Nepra-Price

ISLAMABAD: Public sector power companies have proposed a 57-paise-per-unit negative fuel cost adjustment (FCA) in electricity bills to refund Rs7.2 billion overcharged to consumers last month. This marks the second consecutive month of negative FCA, driven by robust fuel allowances approved by the National Electric Power Regulatory Authority (Nepra) following a 20% base tariff increase, effective July 1, 2023. In…

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