Pakistan’s businesses are rushing to install low-cost Chinese solar panels in response to surging electricity prices, which have made the state-owned grid one of the most expensive in South Asia. Major industries, such as Forward Sports, have dramatically increased their solar capacity to reduce reliance on the costly national power supply. This rapid switch to solar, driven by Pakistan’s harsh…
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India is poised to connect a record 35 gigawatts (GW) of solar and wind energy capacity to its grid by the end of March 2025, as the country accelerates efforts to meet its 2030 clean energy targets. This comes after falling short of a key renewable energy milestone in 2022. Bhupinder Singh Bhalla, India’s top renewable energy official, revealed that…
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Agreement Signed with Total Parco for 50% Stake, Says Chairman ISLAMABAD: Gunvor Group Chairman Torbjorn Tornqvist, alongside Total Energies Vice President Mehmet Celepoglu, met with Prime Minister Shehbaz Sharif on Monday to discuss investment opportunities in Pakistan’s energy sector. During the meeting, PM Sharif emphasized that Pakistan’s economy had stabilized and was on a growth trajectory. He outlined ongoing reforms…
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Ningbo, China – September 6, 2024 – Solis, a global leader in solar inverter technology, proudly announces that it has surpassed the 100GW mark in cumulative shipments. This significant milestone underscores Solis’ commitment to driving innovation and excellence in the renewable energy sector. Established in 2005, Solis has rapidly ascended to become one of the world’s foremost manufacturers of solar…
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ISLAMABAD: The federal government has devised a plan to prevent protests against the privatization of electricity distribution companies. The Essential Services Act has been enforced for all employees and unions of government-owned power distribution companies (DISCOs), the National Transmission and Dispatch Company (NTDC), and government-owned power generation companies (GENCOs). Under the Essential Services Act, protests, strikes, and demonstrations are strictly…
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DOHA: Italian energy engineering giant Saipem announced on Sunday that it has been awarded a $4 billion offshore contract by Qatar Energy, one of the leading global suppliers of liquefied natural gas (LNG).
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ISLAMABAD: The Power Division has temporarily shelved the net metering tariff rationalisation plan, citing public backlash following a recent surge in electricity prices. Initially directed by the Prime Minister to submit the plan by May 10, 2024, the deadline was extended multiple times, with the latest being September 30, 2024. According to sources, the Power Division informed the Prime Minister’s…
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KARACHI: Clean energy is opening new business opportunities worldwide, poised to become the next trillion-dollar industry, while transforming the grid-scale battery sector. The growing demand for affordable, efficient energy storage solutions is driving fierce global competition, especially in the battery market. Sodium-ion batteries, which offer greater safety and lower costs compared to lithium-ion, are emerging as an attractive alternative. China,…
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ISLAMABAD: The government has extended the application of the Pakistan Essential Services Act to cover all entities involved in the generation, transmission, distribution, and sale of electricity until January 25, 2025. This extension aims to prevent disruptions in power supply due to potential union activities during the ongoing restructuring of state-owned enterprises (SOEs). A notification issued by the Ministry of…
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Petrol and Diesel rates have been slashed as the federal government passed on relief of global oil prices to people for second half of September 2024. Oil & Gas Regulatory Authority (OGRA) has adjusted the consumer prices of petroleum products based on recent international market price fluctuations. The revised prices, effective from 16th September 2024. Petrol Price in Pakistan Products Old Price New…
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