The Ministry of Energy and Water announces the signing of an agreement with a Chinese company to invest in energy production projects from domestic resources in Afghanistan. Abdul Latif Mansoor, acting Minister of Energy and Water, urged the company not only to invest in energy production but also to support projects for energy transmission lines and the strengthening of distribution…
Read MoreDay: November 1, 2024
Conversion of power plants to coal: NEA of China seeks to set up working group for talks
ISLAMABAD: The National Energy Administration (NEA) of China is said to have shown willingness, in principal, to establish an ad hoc working group to facilitate discussion on conversion of three imported coal-fired power plants to local coal, well-informed sources in the PPIB told Business Recorder. This update was shared with the Power Division which is finalizing sectoral plan to support Government…
Read MoreNEPRA reveals a ‘net increase’ in November energy bills. What does this mean for consumers?
Rising fuel cost adjustments and limited energy diversification put Pakistani consumers at risk of escalating electricity bills. Here’s how the total tariff works and what to expect moving forward. In a recent NEPRA hearing for September’s fuel cost adjustments (FCA), a case officer revealed a potential increase of ‘15 paisa per unit’ in the energy tariffs for XW-Wapda Distribution Companies…
Read MorePakistan’s Solar Boom: $2.1 Billion in Solar Panels Imported Amid 155% Power Tariff Hike
ISLAMABAD: Pakistan imported approximately 15 GW of solar panels worth $2.1 billion from China last fiscal year, driven by surging electricity costs—up 155% in three years—according to a recent study, The Great Solar Rush in Pakistan. This shift has led to a 10.4% decrease in grid electricity demand, with further reductions projected, underscoring the need for grid modernization and revised…
Read MoreWeak Oversight in Oil and Gas Sector Sparks Concerns Over CSR Fund Misuse
ISLAMABAD: The Standing Committee on Energy (Petroleum Division) has raised concerns over inadequate regulatory oversight, leading to the misuse of Corporate Social Responsibility (CSR) funds and uncollected Production Bonus and Training Funds intended for capacity-building by exploration and production (E&P) companies. Chaired by Syed Mustafa Mehmood, the committee convened to examine the allocation, utilization, and transparency of CSR funds within…
Read MoreADB Warns Climate Change Could Slash Pakistan’s GDP by 21.1% by 2070
ISLAMABAD: Pakistan’s gross domestic product (GDP) could shrink by 21.1% by 2070 under a high-emission climate scenario, according to the Asian Development Bank’s (ADB) latest “Asia-Pacific Climate Report 2024: Catalyzing Finance and Policy Solutions.” The report highlights that climate change impacts could lead to a 17% GDP loss across Asia and the Pacific by 2070, with the region’s GDP losses…
Read MoreChina’s NEA Proposes Working Group for Conversion of Power Plants to Local Coal
ISLAMABAD: The National Energy Administration (NEA) of China has expressed its willingness to establish an ad hoc working group to facilitate discussions on converting three coal-fired power plants in Pakistan from imported to local Thar coal, according to sources within the Private Power and Infrastructure Board (PPIB). This development aligns with Pakistan’s broader energy strategy to reduce dependency on imports…
Read MoreNEPRA Raises Concerns Over IPP Contract Policies During K-Electric FCA Hearing
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) voiced serious concerns on Thursday regarding factors in ongoing negotiations with Independent Power Producers (IPPs) that could deter investment in Pakistan’s power sector. These issues surfaced during a public hearing on K-Electric’s provisional Fuel Charges Adjustment (FCA) for September 2024, where K-Electric proposed a 16 paisa per unit reduction, aiming to return…
Read MoreBangkok to Host ASEAN Solar PV & Energy Storage Expo 2025
The ASEAN Solar PV & Energy Storage Expo 2025 is set to illuminate Bangkok from March 5-7, bringing together international leaders, innovators, and experts in solar photovoltaic (PV) and energy storage. This influential event will spotlight cutting-edge developments in renewable energy, providing a dynamic space for professionals to exchange insights, forge partnerships, and explore the latest technologies driving sustainable growth…
Read MoreBangkok to Host ASEAN Battery & Energy Storage Expo 2025
The highly anticipated ASEAN (Bangkok) Battery & Energy Storage Expo 2025 is set to take place from March 5-7 in Bangkok, Thailand. This premier event in the heart of Southeast Asia will bring together industry leaders, innovators, and experts to showcase and discuss the latest advancements in battery and energy storage technology. This year’s expo promises a range of highlights,…
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