You are here

Day: March 27, 2025

Global Renewable Energy Installations Hit Record High in 2024, Led by China

Admin
Wind-power

DUBAI: The world installed a record-breaking amount of renewable energy capacity in 2024, with China leading the charge, according to a report released by the International Renewable Energy Agency (IRENA) on Wednesday. Global renewable energy capacity—spanning solar, wind, hydroelectric, and geothermal sources—grew by 15.1%, reaching nearly 4.5 terawatts. A staggering 585 gigawatts of renewable power was added to grids worldwide,…

Read More

NEPRA Seeks Power Generation Plan Amid Forecasted Hydel Reduction

Admin
New-NEPRA

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has directed the Power Division to submit a comprehensive power generation plan in light of a projected sharp decline in hydel power output, following warnings from the National Power Control Centre (NPCC) of an unfavorable summer ahead. The directive was issued during a public hearing on the Fuel Charges Adjustment (FCA) for…

Read More

Revised IPP Contracts to Save Rs3.5 Trillion Over 3-20 Years: Power Division

Admin
New-Project53

ISLAMABAD: The Power Division has projected savings of Rs 3.498 trillion from the renegotiation and termination of contracts with 29 Independent Power Producers (IPPs) and Government Power Plants (GPPs) over their remaining tenures, which range from 3 to 20 years. During a meeting of the Senate Standing Committee on Power, chaired by Senator Mohsin Aziz, officials disclosed that six IPP…

Read More

Pakistan Faces Unprecedented Water Shortage as Kharif Season Begins

Admin
Indus-River

ISLAMABAD: As the Kharif cropping season approaches, Pakistan is grappling with an unprecedented water crisis, with irrigation experts warning of severe consequences for agricultural output. Officials report that dam reservoirs are nearly empty, river flows have dropped significantly, and reduced snowfall in mountainous regions offers little hope for replenishment. Given these alarming conditions, the Indus River System Authority (IRSA) has…

Read More

Pakistan, IMF Agree on Carbon Levy, Tariff Reductions in New $8.3bn Deal

Admin
New-IMF

ISLAMABAD: Pakistan and the International Monetary Fund (IMF) have reached an agreement on a new 28-month Resilience and Sustainability Facility (RSF) worth $1.3 billion, bringing the total IMF support for the country to $8.3 billion under the Extended Fund Facility (EFF). The agreement, announced Wednesday, includes key economic reforms such as a new carbon levy, lower electricity tariffs, and reduced…

Read More

Govt to Reevaluate Net Metering Policy After Strong Backlash

Admin
solar-electricity

ISLAMABAD: In response to widespread criticism, the government has decided to expand consultations on the Solar Net Metering Regulations approved by the Economic Coordination Committee (ECC) and re-submit recommendations to the federal cabinet after incorporating feedback from all stakeholders. The decision was made during a *federal cabinet meeting on Wednesday, following intense backlash over the government’s March 13 move to…

Read More

Huawei and AE Power Forge Partnership to Introduce LUNA2000-107kwh/167kwh/215kwh Commercial Battery Energy Storage System in Pakistan

Admin
New-HUAWEI

Lahore, Pakistan – March 24, 2025 – In a landmark move towards advancing sustainable energy solutions in Pakistan, Huawei and AE Power have officially entered into a strategic partnership to bring the LUNA2000- 107kwh/167kwh/215kwh Commercial Battery Energy Storage System (BESS) to the local market. The agreement was formalized at a signing ceremony attended by Mr. Rana Abbas, CEO of AE…

Read More