Author: Admin

ECONOMIC SURVEY 2024-25: Capacity Payments Continue to Burden Power Consumers Despite Surplus Generation

Admin
Power-sector

LAHORE: Pakistan’s installed electricity generation capacity has risen to 46,605 megawatts in FY2024-25, yet costly capacity payments to idle power plants remain a major burden on consumers, ranging between Rs12 to Rs15 per unit. The Economic Survey 2024-25 reveals that while the government has halted new power projects and is terminating power purchase agreements (PPAs) with several independent power producers (IPPs), the capacity payment issue persists — especially during winters when electricity demand plummets to 12,000-13,000MW. The current energy mix includes thermal (55.7%), hydel (24.4%), nuclear (7.8%), and renewables (12.5%).…

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EV Momentum Builds: 57 Manufacturers Licensed Under Clean Green Pakistan Drive

Admin
Electric-Vehicle

KARACHI: Pakistan’s electric vehicle (EV) industry is gaining traction under the Automotive Industry Development and Export Policy 2021-2026, with 57 manufacturers now licensed to produce electric two- and three-wheelers. Backed by fiscal incentives, tax exemptions, and lower charging tariffs, the sector aligns with the government’s ‘Clean Green Pakistan’ and ‘Make in Pakistan’ visions. According to the Economic Survey FY2025, 13 new manufacturing certificates were issued this year alone, with EV production hitting 32,923 units — bringing total output since FY2022 to 76,979 units. While the broader auto industry posted healthy…

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Glass Half-Full or Half-Empty? A Mixed Verdict on Pakistan’s Economic Outlook

Admin
Economic-Outlook

The Economic Survey for FY2025 reflects a tale of two economies — one signaling cautious optimism and the other clouded by persistent structural weaknesses. Finance Minister Muhammad Aurangzeb’s upbeat tone during his recent press conference highlighted gains such as declining headline inflation, a projected current account surplus, a reduced fiscal deficit (from 7.13% to 5.5% of GDP), a lower debt-to-GDP ratio (down to 65%), a stable rupee, rising reserves, and increased remittances — all drawing praise from international lenders, including the IMF. Yet, the undercurrents of economic fragility remain. Growth…

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Judge shuts down turbines over noise and slams ‘unimpressive’ wind farm owners

Admin
power

High Court in Dublin orders permanent switch-off of three Nordex machines and payment of aggravated damages A judge ordered the shutdown of half of a project’s turbines and slammed the “seriously unimpressive” approach of the wind farm’s owner and operator as he ruled they have to compensate local residents over noise nuisance. A judgment at the High Court in Dublin requires the permanent switch-off of three of the six Nordex machines at the Gibbet Hill wind farm in Wexford, Ireland after a 12-year standoff with a couple whose home is…

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Livoltek Unveils Advanced Solar and EV Charging Solutions at ISE M 2025 in Lahore

Admin
Livoltek

Pakistan: – Livoltek, a leading provider of smart solar energy solutions, has a strong presence today at the 10th ISEM Pakistan Solar Exhibition, held at the Expo Centre Lahore from May 23–25, 2025. The company drew significant attention on the opening day as it showcased its best-selling residential, commercial, and industrial solar product lineup, built to support Pakistan’s transition to clean, reliable energy. Visitors to Livoltek’s booth are exploring its robust off-grid inverters, including the dependable GF1-3K624S2 (3.6kW) and the high-capacity GF1-6K24S3 (6.2kW), both designed for uninterrupted power in areas with weak or no grid access.…

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