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Month: January 2025

KE Expresses Shock as Five Renewable Energy Projects Excluded from IGCEP 2024

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K-Electric

ISLAMABAD: K-Electric (KE) has raised serious concerns over the exclusion of its five renewable energy projects from the Indicative Generation Capacity Expansion Plan (IGCEP) 2024, currently in its finalization stages. The power utility has communicated its grievances to Federal Minister for Power Sardar Awais Leghari, citing previous correspondence and engagements with the National Transmission and Dispatch Company (NTDC). KE claims…

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CM Punjab Launches Free Solar Panel Scheme for Energy Relief

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CM-Punjab

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif has unveiled a free Solar Panel Scheme aimed at reducing electricity costs for households across the province. Speaking at the launch, the Chief Minister announced that 100,000 homes will receive solar panel systems, with a total project cost of Rs10 billion. Eligible households consuming an average of 200 units of electricity per month…

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IMF Pushes for Levy on Captive Power Plants to Align Costs with Grid Power

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New-IMF

ISLAMABAD: The International Monetary Fund (IMF) has demanded a substantial levy on gas supply to industrial captive power plants (CPPs) as part of Pakistan’s commitments under the $7 billion Extended Fund Facility (EFF). The aim is to eliminate the cost advantage of in-house electricity generation over grid power. A structural benchmark under the EFF requires gas disconnections to CPPs by…

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Sindh Energy Minister Pledges Support to Thar Coal Project-Affected Communities

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Thar-Coal

KARACHI: Sindh Energy Minister Syed Nasir Hussain Shah, during a meeting with a delegation of Thar Coal project-affected individuals on Friday, assured them of the government’s unwavering support in addressing their grievances. The delegation, comprising Bhim Raj, Leelaram, and other community representatives, raised concerns about employment, access to clean water, and basic amenities. Minister Shah reaffirmed the Sindh government’s commitment…

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Ministry Flags Financial Mismanagement in Oil and Gas Sector, Highlights Circular Debt Crisis

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oil-and-gas

ISLAMABAD: The Ministry of Finance has raised concerns over the poor financial management in Pakistan’s oil and gas sector, attributing it to the rising circular debt and operational inefficiencies. In its report, the ministry identified key weaknesses in the business strategies of major state-owned enterprises (SOEs), including Pakistan State Oil (PSO), Pakistan Petroleum Limited (PPL), Oil and Gas Development Company…

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China Faces Rise in Flu-Like Illnesses with Human Metapneumovirus Prominence

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Flu-Like

BEIJING: Recent news reports and social media alerts have highlighted a potential outbreak of human metapneumovirus (HMPV) in China. However, Chinese officials have yet to confirm these claims. Instead, data from the Chinese Center for Disease Control and Prevention (CDC) up to the last week of 2024 indicates a surge in various flu-like illnesses across the country. The latest statistics…

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Govt Unveils 100 MW Solar Project and Development Initiatives for Gilgit-Baltistan

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soalr energy

ISLAMABAD: The government has announced plans to establish a 100 MW solar power project in Gilgit-Baltistan (GB) under the Public Sector Development Programme (PSDP), a move aimed at boosting sustainable energy and regional development. In a meeting chaired by the Minister for Kashmir Affairs and Gilgit-Baltistan, officials outlined a phased approach to implementing the project, pending a feasibility study conducted…

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Senator Seeks Accountability for Corruption in World Bank-Funded Grid Station Project

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Power genration

ISLAMABAD: Senator Saifullah Abro, Chairman of the Standing Committee on Economic Affairs, has urged Federal Minister for Power Sardar Awais Leghari to take action against National Transmission and Despatch Company (NTDC) officials over alleged financial irregularities in the World Bank-funded 765kV Grid Station project at Islamabad West (Lot-IV). In a letter to the minister, Senator Abro highlighted serious concerns over…

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Nepra Criticizes Power Policies for Inflating Consumer Costs

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KE’S- 7-YEAR- INVESTMENT-ROADMAP

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has sharply criticized government power generation policies, identifying overinvestment in peak demand capacity, delays in expanding Thar coal projects, and hindrances to rooftop solar adoption as primary drivers of escalating electricity costs and financial strain on the power sector. In a special report on generation sector challenges, Nepra highlighted the inefficiency of…

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Norway Leads the EV Revolution: 90% of New Cars Sold in 2024 Fully Electric

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electric-vehicles

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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