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NEPRA Directs Transmission Companies to Implement Performance Recommendations

January 21, 2025January 21, 2025 Admin

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has instructed public-sector transmission companies at the provincial level, along with one private-sector entity, to implement its recommendations outlined in the Performance Evaluation Report (PER) 2023-24. Letters were issued to the CEOs of Punjab Grid Company Limited (PGCL), Sindh Transmission and Despatch Company (STDC), Khyber Pakhtunkhwa Transmission and Grid System Company (Private…

Senate Committee Scrutinizes NTDC Restructuring and Power Sector Reforms

January 21, 2025January 21, 2025 Admin

Concerns Raised Over IPP Shutdowns, DISCOs’ Efficiency, and Cost of Electricity ISLAMABAD: The Senate Standing Committee on Power, chaired by Senator Mohsin Aziz, convened at Parliament House on Monday to review the government’s restructuring plan for the National Transmission & Despatch Company (NTDC) and evaluate its impact on the power sector. The Ministry of Power outlined its plan to divide…

Trump Unveils Sweeping Executive Orders on Climate, Immigration, and Federal Policy

January 21, 2025January 21, 2025 Admin

WASHINGTON, DC: Former President Donald Trump launched a series of executive orders upon resuming office, targeting diverse areas such as climate policy, immigration, federal employment, and energy. These orders underscore his commitment to reversing Biden-era policies and reinforcing his agenda. Pardons and Capitol Riot CasesTrump issued pardons for approximately 1,500 individuals convicted in the January 6 Capitol riot, including members…

OGDCL Boosts Oil and Gas Production in Key Projects

January 21, 2025January 21, 2025 Admin

The Oil and Gas Development Company Ltd (OGDCL) has enhanced its oil output by 145 barrels per day at the Pasakhi-7 well in Hyderabad, Sindh, bringing production to 520 barrels per day. The improvement comes from using advanced technologies, including a Jet Pump system and Multi Physio Chemical Stimulation, the latter marking its debut in the southern region. In another…

Rousch Power Completes Complex Handover

January 21, 2025January 21, 2025 Admin

KARACHI/ISLAMABAD: Rousch Pakistan Power Ltd (RPPL), an independent power producer, has handed over its power complex to the National Power Parks Management Company Ltd after finalizing payments with the Central Power Purchasing Agency (CPPA). Altern Energy Ltd (AEL), RPPL’s parent company, confirmed the move in a stock filing, noting the early termination of its Power Purchase Agreement (PPA) as part…

LNG traders divert six US cargoes to Europe from Asia

January 20, 2025January 20, 2025 Admin

SINGAPORE: Traders diverted at least six cargoes of liquefied natural gas that were on course for Asia to Europe earlier this month, drawn by higher European prices and amid weak Asian demand, according to analysts and shipping data. The diverted cargoes could help meet additional European demand as countries seek to replace piped Russian gas after the Ukraine transit deal…

Middle East Energy 2025 to Launch Battery and E-Mobility Sector, Driving Sustainable Transport Innovation

January 20, 2025January 20, 2025 Admin

Dubai, UAE – January 13, 2025: Middle East Energy, the region’s leading energy event, is taking a bold step towards advancing sustainable transport by introducing a dedicated Battery and E-Mobility sector at its 49th edition. This initiative will debut the internationally renowned Battery Show brand in the Middle East, taking place at the Dubai World Trade Centre (DWTC) from April…

World Future Energy Summit 2025 Concludes with a Call for Sustainable Innovation and Climate Resilience

January 20, 2025January 20, 2025 Admin

ABU DHABI: The World Future Energy Summit 2025, hosted by Masdar as part of Abu Dhabi Sustainability Week, concluded today at the Abu Dhabi National Exhibition Centre, spotlighting critical global sustainability issues over three impactful days. Key topics explored included self-sufficient sustainable cities, community resilience, and green finance’s supply-demand imbalance. Sustainable Cities and Climate ResilienceThe Sustainable Cities Conference addressed extreme…

Solar Corporate Funding Drops 24% to $26.3 Billion in 2024 Amid Market Uncertainty

January 20, 2025January 20, 2025 Admin

Corporate funding in the solar sector declined sharply in 2024, totaling $26.3 billion, according to Mercom Capital Group’s annual solar funding and M&A report. This represents a 24% drop from $34.3 billion in 2023, encompassing 157 deals, down from 161 the previous year. Key findings include: Venture Capital Funding: Dropped 36% to $4.5 billion, with 87% ($3.9 billion) allocated to…

Govt Proposes Tougher Laws for LPG and Explosives Handling

January 20, 2025January 20, 2025 Admin

ISLAMABAD: The government has proposed stringent penalties for unauthorised handling and storage of liquefied petroleum gas (LPG) and explosives, designating them as non-bailable offenses. Violators could face up to 14 years of rigorous imprisonment and fines as high as Rs20 million, aiming to enhance public safety and deter illegal activities. Currently, offenders face minimal penalties of up to six months…