The recent escalation of attacks on commercial ships in the Red Sea by Yemen’s Houthi rebels has triggered global concerns, particularly regarding fuel prices. With major shipping routes under threat, oil transportation has been disrupted, leading to fears of a surge in petrol prices. Impact on Global Oil Supply The Red Sea is a crucial transit point for oil shipments…
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If the new net metering policy is implemented—reducing buyback rates or imposing additional charges—the future of Pakistan’s solar industry could face significant setbacks: In short: Investment will slow, growth will stall, and Pakistan will miss out on cheaper, cleaner energy opportunities.
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Hedge funds and algorithmic trading have significantly amplified market instability, capitalizing on fear to drive speculative trades. It resulted in artificial price spikes, disconnecting it from fundamental supply and demand dynamics. Physical buyers have faced liquidity crises. Unregulated trading platforms exacerbated market instability by facilitating unchecked speculation. Speculative trading volumes far exceed actual consumption, artificially inflating TTF prices, decoupling from…
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As leaders gather for a global climate summit, investors are rewarding oil giants like Exxon Mobil that did not embrace wind and solar. When oil and gas companies made ambitious commitments four years ago to curb emissions and transition to renewable energy, their businesses were in free fall. Demand for the fuels was drying up as the pandemic took hold.…
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ISLAMABAD: Federal Minister for Power Division, Sardar Awais Ahmed Khan Laghari, emphasized the need for restructuring the National Transmission and Despatch Company (NTDC) to enhance grid efficiency and sustainability. During a meeting with the Board of Directors (BoDs) and CEOs of power sector companies, alongside experts from the World Bank, Asian Development Bank, and Islamic Development Bank, Laghari highlighted the…
Read MoreLAHORE: The government’s plan to fully convert coal power plants to 100% Thar lignite has encountered a major hurdle, with the Asian Development Bank (ADB) rejecting the proposal for Jamshoro Power sector news Unit I. ADB, the project’s largest creditor, cited legal agreements allowing only 20% local lignite, with 80% imported coal, as per the original deal. An energy ministry…
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ISLAMABAD: Power Minister Awais Leghari on Friday signaled ongoing negotiations with independent power producers (IPPs), stating that the nation would soon hear positive developments regarding efforts to gradually reduce electricity prices. However, he cautioned that significant relief should not be expected immediately. Testifying before the Senate Standing Committee on Power, Leghari explained that the task force he leads, established by…
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Solar Technology Future in Next 20 Years: A Perspective About Pakistan Govt must continue to incentivize solar energy adoption through subsidies, tax incentives, and favorable tariff structures; solar power will become increasingly accessible to households, businesses, and industries across country By Mustafa Tahir As the world grapples with the challenges of climate change, energy security, and sustainable development, solar technology…
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As the world grapples with climate change and environmental degradation, the shift towards renewable energy has become more critical than ever. Pakistan, with its abundant natural resources, is well-positioned to harness renewable energy to meet its growing energy demands. In this blog, we will explore the future of renewable energy in Pakistan, focusing on the opportunities and challenges that lie…
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Delve into the critical aspects of creating a fair, transparent, and efficient power sector in Pakistan. This blog discusses essential policy reforms, the role of renewable energy, and strategies for fostering sustainable economic growth in the country’s energy landscape.
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