Author: Admin

LFP Battery Boom Transforms Energy Storage, Disrupts Nickel and Cobalt Markets

Admin
LFP-Battery

LONDON (Reuters) – A global shift toward lithium iron phosphate (LFP) batteries is accelerating the boom in energy storage, reshaping commodity markets and challenging assumptions about the future of electric power systems. When Fidra Energy acquired a 55-acre site in northern England in 2023 to develop Europe’s largest energy storage facility—1.45 gigawatts at Thorpe Marsh—the economics were uncertain. But that changed rapidly as the cost of LFP batteries, already improving in performance, plummeted by nearly 50% within 18 months. With batteries now more affordable and durable—offering lifespans up to 20…

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Power Generation Hits 4-Year High in April Amid Rising Demand and Fuel Mix Shift

Admin
Power-sector

KARACHI: Pakistan’s electricity generation surged to a four-year high in April 2025, reaching 10,513 gigawatt-hours (GWh), marking a robust 22% year-on-year (YoY) and 25% month-on-month (MoM) increase, according to data released by the National Electric Power Regulatory Authority (NEPRA). The uptick—driven by soaring power demand due to rising temperatures and reduced industrial reliance on captive power—marked the highest monthly output in 48 months. Analysts attribute the rise to a shift towards national grid usage, spurred by relatively lower tariffs. “The rise in generation is attributed to increased demand, driven by…

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IMF Yet to Approve Pakistan’s Budget Relief Proposals Amid Revenue Concerns

Admin
pak-imf

ISLAMABAD: The International Monetary Fund (IMF) has not yet taken a final stance on Pakistan’s request for budgetary relief, as it continues to push for concrete steps to broaden the tax base—particularly in agriculture income and the retail sector. Government officials, under the direction of Prime Minister Shehbaz Sharif, have held extensive discussions with the IMF mission since May 14. A key relief proposal includes a 2.5% across-the-board reduction in income tax rates for salaried individuals. However, the IMF’s approval hinges on Pakistan’s ability to meet the programme’s target of…

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Consumers Face Higher Bills as Discos Propose Rs1.27 per Unit Fuel Cost Hike

Admin
Petroleum-Sector

ISLAMABAD: Electricity consumers are likely to face a fresh financial burden as distribution companies (Discos) have requested a Rs1.27 per unit increase in Fuel Cost Adjustment (FCA) for April 2025, following a 22% surge in power consumption compared to April last year. If approved by the National Electric Power Regulatory Authority (Nepra), this adjustment will translate into an additional Rs13 billion in billing for June. The increase comes after eight consecutive months of negative adjustments and follows a 20% base tariff hike effective from July 1, 2024. According to the…

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Govt, Deloitte Discuss Strategic Collaboration to Boost Energy Sector

Admin
New-Project24

ISLAMABAD: A high-level delegation from Deloitte Advisory US, led by Richard Longstaff, held a meeting with Federal Minister for Petroleum Ali Pervaiz Malik on Tuesday to explore strategic cooperation for strengthening Pakistan’s energy sector. The discussion focused on leveraging Deloitte’s global expertise in risk advisory, digital transformation, and governance to address challenges and unlock opportunities in Pakistan’s oil, gas, minerals, and gemstone industries. Key themes included improving operational efficiency, mitigating risks, and promoting sustainable growth. Minister Malik emphasized the government’s commitment to modernizing the energy sector and acknowledged the potential…

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