K-Electric, the power distribution company for Karachi, is facing challenges in drawing more than 2,000 megawatts (MW) of electricity from the national grid due to system constraints. This limitation is likely to impact the power supply to the city, exacerbating the existing power shortage issues. The company’s inability to draw more power from the grid is attributed to the constraints…
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Islamabad, Pakistan – Former Finance Minister Miftah Ismail has strongly criticized the government for its failure to control rising electricity prices, which have placed an additional burden on already struggling consumers. Speaking at a press conference, Ismail stated that the government’s inability to manage the energy sector has resulted in exorbitant electricity prices, making it difficult for people to make…
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Pakistan’s net metering solar capacity has surpassed the 4 GW milestone, marking a significant achievement in the country’s transition to renewable energy. According to recent data, the total installed capacity of net metering systems in Pakistan has reached 4.03 GW. This growth is attributed to the increasing adoption of solar energy among residential, commercial, and industrial consumers, driven by the…
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Islamabad, March 13, 2025: A meeting of the Steering Committee on the conversion of agricultural tube wells to solar power, chaired by Deputy Prime Minister Muhammad Ishaq Dar, was held yesterday. The meeting was attended by the Chief Minister of Balochistan, the Minister for Power, the Additional Secretary of Finance, GoP, the Secretary of Power Division, the Chief Secretary of…
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In response to the recent statement by former Finance Minister Miftah Ismail, Federal Minister for Energy Sardar Awais Ahmed Khan Leghari termed the claims as misleading and baseless, stating that these statements misrepresented the government’s efforts in the energy sector. Federal Minister Awais Leghari said that Miftah Ismail’s attempt to mislead the public is based on false data and unfounded…
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A new report by the Rhodium Group reveals that geothermal energy could supply up to 64% of the projected energy demand growth from data centers by the early 2030s. This finding positions geothermal as a potential game-changer in addressing the rising energy needs fueled by artificial intelligence (AI). Despite historically high upfront costs and technical hurdles, advancements in geothermal drilling…
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ISLAMABAD: The Ministry of Water Resources has proposed 33 new water sector projects worth Rs424.128 billion for inclusion in the Public Sector Development Program (PSDP) 2025-26, seeking an allocation of Rs42.432 billion for the upcoming fiscal year. During a briefing to the Senate Standing Committee on Water Resources, chaired by Senator Shahadat Awan, Secretary Syed Ali Murtaza outlined the proposed…
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The government is set to slash electricity tariffs by Rs8 per unit, with Prime Minister Shehbaz Sharif expected to make the official announcement on March 23, following approval from the International Monetary Fund (IMF), Express News reported. Sources indicate that the Ministry of Finance and Power Division are considering additional measures to further reduce rates by Rs2 per unit, with…
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ISLAMABAD: The World Bank is expected to approve the restructuring of the National Transmission Modernization Project-I (NTMP-I), a $425 million initiative aimed at enhancing the capacity and reliability of Pakistan’s power transmission network while modernizing key operations of the National Transmission and Dispatch Company (NTDC). According to official documents, this marks the third restructuring of the project and the second…
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ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) is expected to hold a public hearing on the revised buyback rates for net-metering consumers, following guidelines from the Power Division after formal approval from the federal cabinet, sources revealed. The Economic Coordination Committee’s (ECC) recent decision on net-metering has raised concerns among existing and potential solar consumers, as well as companies…
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