SLAMABAD: The K-Electric has sought more than Rs5.6 billion worth of additional charges from consumers through monthly fuel cost adjustments (FCAs) for four months (January to April 2021) of the current calendar year. In its petition to the National Electric Power Regulatory Authority (Nepra), the Karachi-based private integrated power utility has requested the regulator to allow transfer of an additional…
Read More
ISLAMABAD: Even though the government appears to be slowing down ongoing power projects, it will have to increase generation capacity by 35-40 per cent from about 34,501MW to 57,204MW by 2030. According to the Indicative Generation Capacity Expansion Plan (IGCEP), 2030, prepared by the National Transmission and Dispatch Company, the annualised compound growth rate (ACGR) of 3.3pc to 4.6pc is…
Read More
LONGi guarantees the quality of its product, which helps customers secure the total lifecycle performance of their PV plants With technological and industrial expertise accumulated over the past two decades, LONGi released at SNEC 2021 the industry’s first “Lifecycle Quality” standard. Based on the concept of “customer value first”, “LONGi Lifecycle Quality” will ensure that LONGi products will perform reliably…
Read More
Chinese PV module maker Longi announced it was able to improve the efficiency of its tunnel oxide passivated contact (TOPCon) solar cell by 0.12% in just one month. According to the manufacturer, the Institute for Solar Energy Research in Hamelin (ISHF), Germany, has confirmed that the efficiency of its commercial-sized monocrystalline, n-type, bifacial product has been raised from 25.09% to 25.21%. No technical details were disclosed…
Read More
Special Assistant to Prime Minister on Power and Petroleum has told The News that the Kingdom of Saudi Arabia will not install a refinery at Gwadar but has indicated to set up a refinery along with a petrochemical chemical complex somewhere at Hub or near Karachi. “However, there is no mentionable progress from Aramco as to when and where the…
Read More
KARACHI: Petrol sales hit an all-time high of 731,000 tonnes in May, up by 15 per cent over the same month last year, despite restricted movement of people due to early closure of markets by 6pm and long Eidul Fitr holidays. High-speed diesel (HSD) sales also remained brisk with 761,000 tonnes as compared to 688,000 tonnes in May 2020, up…
Read More
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday called for reducing the expenditures for the security of oil and gas fields and expeditious clearance of a law to create a separate regulator for the petroleum upstream sector to encourage investments in the oil and gas exploration. The ECC meeting presided over by Finance Minister Shaukat Tarin also…
Read More
The National Electric Power Regulatory Authority (NEPRA) has lowered electricity prices for the month of April 2021 by Rs0.44 per unit under fuel price adjustment. NEPRA Chairman Tauseef H Farooqi announced this on Wednesday, saying: “A decline of Rs0.87 per unit was recommended for the month of April 2021, however, after deduction of dues amounting to Rs0.43 per unit, the…
Read More
Special Assistant to the Prime Minister (SAPM) on Climate Change Malik Amin Aslam on Wednesday announced that Prime Minister Imran Khan would announce four key “Ecosystem Restoration Initiatives” (ERI) on World Environment Day. The Prime Minister’s aide made the proclamation during a joint media interaction flanked by Special Representative of the Prime Minister on Religious Harmony Maulana Tahir Mehmood Ashrafi…
Read More
The Economic Advisory Council (EAC) on Monday agreed to keep the focus of coming budget on agriculture, export diversification, higher subsidy allocations and to extend construction sector tax amnesty until December 31 to maintain the growth momentum. The second meeting of the EAC presided over by Finance Minister Shaukat Tarin deliberated upon six out of 12 expert groups. The minister…
Read More
