Global crude oil prices continue to rise, with Brent crude reaching its highest levels in two and a half months. The price of Brent crude has surpassed $77 per barrel, while U.S. West Texas Intermediate (WTI) is trading at $74.68 per barrel. According to international media reports, Brent futures recently declined by 28 cents (0.37%), settling at $76.02 per barrel.…
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ISLAMABAD: To bolster sustainable industrial growth, the government plans to revamp the electricity supply framework for Special Economic Zones (SEZs) under the China-Pakistan Economic Corridor (CPEC). The revised mechanism aims to ensure a reliable power supply, addressing longstanding challenges faced by SEZs. Under the proposal, SEZs will be allowed to sign Power Purchase Agreements (PPAs) with distribution companies (DISCOs) to…
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Huawei Digital Power hosted the Top 10 Trends of FusionSolar Launch 2025 under the theme “Integrated Innovation for an Intelligent Future, Accelerating PV to Become the Main Energy Source.” Steven Zhou, President of Smart PV & ESS Product Line at Huawei Digital Power, introduced the trends and a supporting white paper aimed at advancing the PV and energy storage industry.…
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ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved negative Fuel Cost Adjustments (FCA) for January’s bills, offering relief to power consumers of ex-Wapda distribution companies (Discos) and K-Electric (KE). The refunds include a 76-paisa per unit adjustment for Discos’ consumers and a 49-paisa per unit adjustment for KE’s consumers. The adjustments were based on power consumption in November…
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Electricity tariffs in Pakistan reached unprecedented levels during Prime Minister Shehbaz Sharif’s tenure, with an increase of PKR 25.76 per unit over two and a half years, including a permanent surcharge. According to private TV reports, this marks the highest tariff hike under any Pakistani prime minister. Details reveal a historic PKR 22.53 per unit hike in the base tariff…
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