OSLO: Nearly nine out of ten new cars sold in Norway in 2024 were fully electric, according to registration data released on Thursday. This achievement brings the country closer to its ambitious goal of exclusively selling electric cars by 2025. Fully electric vehicles (EVs) accounted for 88.9% of new car sales, up from 82.4% in 2023, as reported by the…
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ISLAMABAD: The Senate Standing Committee on Industries and Production has recommended the installation of electric vehicle (EV) charging units at all fuel stations nationwide to encourage eco-friendly transportation. During the session, committee chairman Senator Aon Abbas raised concerns about the regulatory oversight of renewable energy and new energy technologies. He questioned the mechanisms governing solar panel prices and the factors…
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KARACHI: Pakistan’s petroleum product sales increased by 3% year-on-year (YoY) to 1.28 million tons in December 2024, driven by reduced petroleum prices, macroeconomic stability, and a decline in smuggling, experts observed. Cumulatively, sales for the first half of FY25 reached 8.0 million tons, a 4% YoY increase compared to 7.7 million tons during the same period last year. Excluding Furnace…
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ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has sought a comprehensive recovery plan from the Tribal Areas Electricity Supply Company (TESCO) in anticipation of potential government withdrawal of tax exemptions for industrial consumers and the metering of domestic consumers. This inquiry arose during NEPRA’s review of TESCO’s five-year (2025-26 to 2029-30) Investment and Business Plan, which includes an approved…
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ISLAMABAD: Recent statements by Minister of Energy Sardar Awais Leghari concerning K-Electric‘s seven-year Multi-Year Tariff (MYT) have ignited debate, raising concerns among industry stakeholders and analysts. The minister’s suggestion to reduce KE’s tariff under the new MYT to “protect” Karachi residents has left experts questioning its practicality and impact. Industry analysts point out that under Pakistan’s uniform tariff policy, electricity…
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ISLAMABAD: Pakistan and Iran have agreed to extend their electricity sale agreement, with the new pricing set between 7.7 to 11.45 cents per kWh. The agreement follows successful negotiations between the Central Power Purchasing Agency–Guaranteed (CPPA-G) and Iran’s Tavanir, reliable sources revealed. The previous agreement, which expired on December 31, 2024, facilitated the import of 100 MW of electricity from…
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