India must double its annual solar and wind capacity additions over the next five years to meet its 2030 clean-energy targets, despite record additions in 2024, Global Energy Monitor (GEM) said in a report on Wednesday. India added nearly 28 gigawatts (GW) of solar and wind capacity in 2024, with solar power additions accounting for 70% of total additions, according…
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In a key development on the renewable energy front, the Federal Tax Ombudsman (FTO) ordered that solar net metering consumers in Pakistan pay an 18% sales tax. The decision was made after discovering a significant revenue loss of approximately Rs9.8 billion, as reported by Business Recorder on Tuesday. Under the ruling, the sales tax will be applied to the total amount of electricity…
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Shanghai Launch Automotive Technology Co., Ltd. (LAUNCH) and Yousuf Dewan Companies (YDC) who are pioneer electric vehicle assembly company in Pakistan, have officially signed a Memorandum of Understanding (MoU) in Beijing.Pakistani cuisine recipes This agreement marks a significant step in bringing advanced electric vehicle (EV) technology to Pakistan and promoting sustainable mobility solutions in the region. In the signing ceremony,…
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Pakistan’s power producer Kot Addu Power Company Limited (KAPCO) on Tuesday informed that the National Electric Power Regulatory Authority (NEPRA) has approved the inclusion of its power plant in the Power Acquisition Plan (2023-2027) for distribution companies. The IPP disclosed the development in its notice to the Pakistan Stock Exchange (PSX). KAPCO stated that progress has been made on the…
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Mari Energies Limited, a key player in Pakistan’s energy exploration sector, has announced a significant gas and condensate discovery at the Spinwam-1 exploratory well in the Waziristan Block, located in North Waziristan District, Khyber Pakhtunkhwa Province. This discovery marks a major breakthrough in the region’s hydrocarbon potential and could bolster Pakistan’s efforts to reduce its energy deficit. Spinwam-1, the second…
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Over the past decade, solar energy has transformed from a niche alternative to a mainstream energy source in Pakistan. With an estimated 22 gigawatts of solar panels imported in 2024 alone, Pakistan has emerged as one of the most promising solar markets in the Asia-Pacific region. The rapid adoption of rooftop solar, declining costs, and favorable sunlight conditions have propelled…
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ISLAMABAD: On Monday, Pakistan showed reluctance towards imposing a carbon levy, a key proposal put forward by the International Monetary Fund (IMF). The IMF has suggested this tax as part of its conditions for a $1 billion loan under the Resilience and Sustainable Facility (RSF), aimed at supporting climate-vulnerable nations in disaster preparedness and energy transition. During the opening discussions…
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The Pakistan Solar Association (PSA) and Energy Update (EU) have signed a memorandum of understanding to jointly organise events aimed at promoting renewable power sources in the country.The MoU will enable the PSA to act as a partner of the Energy Update to help it organise its forthcoming event, the 2nd International Solar Conclave and Technology Excellence Awards-2025. The two…
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With no passengers and no planes, Pakistan’s newest and most expensive airport is a bit of a mystery. Entirely financed by China to the tune of $240 million, it’s anyone’s guess when New Gwadar International Airport will open for business. Located in the coastal city of Gwadar and completed in Oct 2024, its a stark contrast to the impoverished, restive southwestern BalochistanFor the…
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Islamabad — Pakistan and Azerbaijan have signed agreements and memorandums of understanding (MOUs), chiefly about trade and energy, during a visit to Azerbaijan by Pakistani Prime Minister Shehbaz Sharif. Sharif arrived Sunday in the Azerbaijani capital, Baku, for a two-day visit to hold talks with President Ilham Aliyev and other top officials. In a post on social media, the Pakistani…
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