• Her Highness Sheikh Shamma bint Sultan bin Khalifa Al Nahyan, president and CEO of the UAE’s Independent Climate Change Accelerators, warns “action cannot take place if we work in silos”• IRENA’s latest capacity data shows the world is falling short of 1,100GW annual renewable power requirement, despite 2023 marking the largest surge of renewable power generation to date Abu…
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LAHORE: Interior Minister Mohsin Naqvi announced on Monday that the government is intensifying efforts to combat power theft and overbilling in power distribution companies (Discos). Speaking at a press conference in Lahore, Minister Naqvi revealed that a staggering overbilling of 830 million electricity units has been identified in Lahore Electric Supply Company (LESCO) alone. This overbilling affected government offices, industries,…
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ISLAMABAD: The National Energy Efficiency and Conservation Authority (NEECA) is set to hold a meeting to discuss the ‘National Green Hydrogen Strategy (NGHS)’ with a focus on formulating plans to export green hydrogen to China, Japan, and South Korea. Dr. Sardar Moazzam, Managing Director of NEECA, highlighted in a letter to the Secretary Petroleum that Pakistan faces challenges in managing…
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KARACHI: Mughal Energy, a subsidiary of Mughal Iron and Steel Industries, is set to offer 10% of its shares to new investors as part of its strategy to raise capital and list on the Growth Enterprise Market (GEM) Board at the Pakistan Stock Exchange (PSX). In a notification to the PSX, Mughal Iron and Steel Industries announced that Mughal Energy…
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ISLAMABAD: The Neelum-Jhelum Hydropower Project (NJHP), with a capacity of 969 megawatts and an estimated cost exceeding Rs510 billion, has faced a setback shortly after resuming full capacity operation following extensive repair works lasting nearly 20 months. The project had been closed in July 2022 due to significant cracks in its 3.5-kilometer tailrace tunnel (TRT). After 13 months of repair,…
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The World Future Energy Summit 2024 is set to open today in Abu Dhabi, marking a significant gathering of the global energy industry. Hosted by Masdar at the Abu Dhabi National Exhibition Centre (ADNEC), this event is poised to play a pivotal role in advancing the change agenda outlined at COP28 in Dubai last November. The summit boasts an impressive…
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Islamabad, Pakistan – In a significant legal victory, Pakistani oil firm Petroleum Exploration (Pvt) Ltd (PEL) has emerged triumphant in a protracted legal battle against Bermuda-based Frontier Holdings Ltd (FHL) at the International Court of Arbitration. The ruling, spanning over 80 pages, solidifies Pakistan’s legal authority over Petroleum Concession Agreements (PCAs) and Joint Operating Agreements (JOAs) within its borders. FHL,…
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Islamabad: Prime Minister Shehbaz Sharif has reiterated his push for renewable energy generation, commending the Punjab government’s efforts to combat power theft. In a recent high-level meeting focused on the power sector, he emphasized the need to transition towards renewable energy sources, highlighting the challenges posed by oil tanker companies and the potential benefits of renewable energy in reducing oil…
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ISLAMABAD: As the auto market continues to grow in Pakistan, new players are setting their sights on introducing hybrid as well as electric vehicles (EVs) in the country, and one of the largest automakers has announced its entry into Pakistan. The BYD Group of China has recently announced its entry into the passenger vehicle market in Pakistan in collaboration with…
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KARACHI, April 15 (INP) — The Sindh energy department will prepare a draft policy for production of liquid gas from coal, said Asif Mangi, Deputy Director Sindh Coal Authority (SCA), in an interview with WealthPK. This decision was made in a high-level meeting of Sindh Coal Authority chaired by Sindh Energy and Planning Minister Syed Nasir Hussain Shah recently. SCA…
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