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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KARACHI: A groundbreaking study using Artificial Intelligence (AI) and satellite imagery has revealed a severe shortage of green spaces in Karachi, putting residents at heightened risk from climate change. Researchers from Aga Khan University (AKU) and New York University found that Karachi has only 4.17 square meters of green space per capita—less than half of the World Health Organization’s recommended…
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PESHAWAR: The Khyber-Pakhtunkhwa government has successfully completed the 10.2MW Jabori Hydropower Project in Mansehra District using its own resources. The project is set to generate 71.1 GWh of affordable electricity annually, which will be added to the national grid. An agreement for the sale of electricity was signed with PESCO in August, ensuring an annual revenue of Rs405 million for…
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ISLAMABAD: The renegotiation of agreements with Independent Power Producers (IPPs) has resulted in lifetime savings of Rs1.3 trillion, with the government actively working to pass these benefits on to electricity consumers, the Power Division announced on Tuesday. Electricity consumers have been paying Rs2.5 to 2.8 trillion annually in capacity charges to IPPs, some of which received payments without generating electricity…
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