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Day: November 8, 2024

National grid under pressure after consumers switching to solar energy: experts

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solar-panels

ISLAMABAD, NOV 8 (DNA): Consumers switching to self-generated power, especially solar energy, has put Pakistan’s national energy infrastructure under growing pressure, endangering the grid’s long-term sustainability and stability, experts said. Event tickets At the Sustainable Development Policy Institute’s (SDPI) annual plenary on Thursday, experts encouraged policymakers to create a comprehensive plan that strikes a balance between the expansion of renewable…

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Pakistan again requests China to finalize $1bn loan for Karachi-Hyderabad rail project

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Karachi-Hyderabad rail project

Pakistan has renewed its request for China to hold a critical financing committee meeting to negotiate a nearly $1 billion loan for the Karachi-Hyderabad segment of the long-delayed Mainline-I (ML-I) railway project, a key component of the China-Pakistan Economic Corridor (CPEC). The Express Tribune reported that the Pakistani embassy in Beijing issued the request last week, marking the second appeal in…

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Govt announces power relief package for winter

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Power-sector

The Power Division on Friday announced a power relief scheme — called the “Bijli Sahulat” package — offering reduced electricity rates to consumers to encourage electricity use during the low-demand winter season. On Thursday, the division also announced on X that the Nati­­onal Electric Power Regu­latory Authority (Nepra) notified an Rs1.28 per unit decrease in electricity charges due to the adjustment of…

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Global Solar Capacity Surpasses 2 Terawatts, Paving Path to Climate Goals

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SOLAR-POWER

LONDON, (Reuters) –The global solar industry has achieved a new milestone, reaching 2 terawatts (TW) of installed capacity, with more solar power added in the past two years than in the previous 68 combined, according to exclusive data shared by the Global Solar Council. This updated figure, which includes often-overlooked small rooftop installations, offers the most comprehensive view of solar…

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Qatar Defers 5 LNG Shipments to 2026, Easing Pakistan’s Supply Surplus

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LNG-chain

ISLAMABAD: In a relief measure for Pakistan’s energy sector, Qatar has agreed to postpone five LNG shipments from 2025 to 2026, addressing Pakistan’s current oversupply situation. This deferral, secured under a flexible clause within Pakistan’s two government-to-government (G2G) agreements with Qatar, follows a request made by Prime Minister Shehbaz Sharif during his recent visit to Doha, confirmed a senior Ministry…

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IPP Alleges Forced Contract Renegotiations, Offers Contract Termination

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New-IPPs

ISLAMABAD: M/s Sapphire Electric Company Limited (SECL) has raised concerns over what it claims to be the fourth instance of forced renegotiations of sovereign power contracts. The company’s CEO, Shahid Abdullah, suggested in a letter to Prime Minister Shehbaz Sharif that SECL would be willing to terminate its contract and forgo capacity payments if the government accepts its proposals. In…

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Pakistan Showcases Fusion Energy Research at IAEA Meeting

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Fusion-Energy

ISLAMABAD: Dr. Raja Ali Raza Anwar, Chairman of the Pakistan Atomic Energy Commission (PAEC), led Pakistan’s delegation at the inaugural ministerial meeting of the IAEA’s World Fusion Energy Group (WFEG) in Rome. During the meeting, Dr. Anwar highlighted Pakistan’s contributions to fusion energy research, sharing details of the country’s development of a glass and two metallic Tokamaks as part of…

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Gas Supply Cuts to CPPs Pose Severe Risk to Industry, Jobs

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Gas-Prices

Industrial Leaders Warn of Factory Shutdowns, Mass Unemployment as January Gas Suspension Approaches KARACHI: Industrial leaders have issued a stark warning to the government over its plan to cut off gas supply to captive power plants (CPPs) by January 1, 2025. The proposed suspension could potentially shutter more than 1,300 factories and threaten over three million jobs, creating a severe…

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