A Danish-Norwegian research team has shed light on critical factors influencing fire propagation in building-integrated photovoltaic (BIPV) facades, revealing that the gap distance between panels and walls, as well as combustible materials in wall cavities, play significant roles. The study, conducted by researchers from Norway’s RISE Fire Research AS, the Fire Research and Innovation Centre (FRIC), and Denmark’s Institute of…
Read MoreDay: December 21, 2024
Global Lithium-Ion Battery Demand Surpasses 1 TWh in 2024
For the first time in history, annual global demand for lithium-ion batteries has exceeded 1 terawatt-hour (TWh), driven by record-breaking electric vehicle (EV) sales and robust deployments of battery energy storage systems (BESS) in November 2024. This milestone marks a significant leap from 2023, when the threshold was narrowly missed, according to Rho Motion, a London-based market research firm. Lithium-ion…
Read MorePower Ministry Urgently Seeks Rs400 Billion to Meet IMF Circular Debt Target
ISLAMABAD: The Ministry of Power has issued an urgent appeal for the release of Rs400 billion in subsidies by December 2024 to meet the International Monetary Fund’s (IMF) conditions under the $7 billion Extended Fund Facility (EFF). Failure to comply risks escalating the circular debt beyond the agreed threshold, jeopardizing financial stability and IMF commitments. So far, only Rs82 billion…
Read MoreK-Electric CEO Advocates for Balanced Tariff to Support Investments
ISLAMABAD: K-Electric (KE) CEO Moonis Alvi expressed willingness to revise the company’s proposed multi-year tariff during ongoing discussions with the National Electric Power Regulatory Authority (Nepra). He emphasized the need for a sustainable tariff structure to support investments in Pakistan’s power sector while addressing consumer concerns. Speaking on Geo Television’s “Aaj Shahzeb Khanzada Kay Sath,” Alvi stated, “We are open…
Read MoreGovernment Suspends CEOs of Three Gencos Over Asset Disposal Delays
ISLAMABAD: The government has suspended the Chief Executive Officers (CEOs) of three Generation Companies (Gencos) following Prime Minister Shehbaz Sharif’s dissatisfaction with delays in disposing of dead assets. The suspended CEOs are: Abdul Vakeel, CEO of JPCL (Genco-I)Junaid Ahmed Baig, CEO of Genco-IISabeeh Uz Zaman Faruqi, CEO of Genco-IIIDuring a high-level meeting on the Indicative Generation Capacity Expansion Plan (IGCEP),…
Read MorePakistan and Iran to Negotiate Extension of Power Sale Agreement
ISLAMABAD: Pakistan and Iran are gearing up for negotiations to extend their electricity sale agreement, set to expire on December 31, 2024. Sources indicate that both sides aim to finalize the renewal to ensure continued power supply to Pakistan’s Balochistan province. Pakistan currently imports 100 MW of electricity from Iran, primarily for bordering areas of Balochistan, with payments managed through…
Read MorePoland Set to Double Investments in Pakistan: Ambassador
ISLAMABAD: Poland’s Ambassador, Maciej Pisarski, announced that the Polish Oil and Gas Company (POGC) plans to double its investments in Pakistan in the coming years, building on its current $450 million commitment. Speaking to the media, Ambassador Pisarski emphasized POGC’s long-standing presence in Pakistan. Operating through its Pakistan branch since 1997, the company has been actively exploring and producing gas,…
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