Day: July 27, 2022

The solar net-metering power generation has reached 419MW (approximately) with a considerable number of consumers switching to solar across the country. With around 149MW, Lahore Electric Supply Company (Lesco) stands first among 10 power distribution companies (Discos), Dawn has learnt. The net-metering project had been launched in 2016 countrywide. It allows any domestic, commercial, industrial and other consumers having at least a three-phase meter connection to be part of the power generation system by installing it on his/her premises (house, shop, factory, open spaces, etc). Under the arrangements, such a consumer may…

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The federal government is likely to grant mining sector a industry status aimed at facilitating its development as per rules of provincial governments, sources in Petroleum Division told Business Recorder. As per Constitutional provisions, minerals other than mineral oil, natural gas and nuclear substances and those occurring in federally controlled areas [Islamabad Capital Territory and offshore beyond the territorial waters] are a provincial subject. The provincial government is responsible for regulation of mineral exploration and production activities and grant of mineral titles for these operations. The federal government is mandated with…

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Value chain of RLNG in country , By 2030, Ogra forecast suggests that the country’s gas shortfall will be almost 4,000 mmcfd. This gas deficiency resulted in decline in electricity generation from 12.15% during July-April 2021 to 8.5% in July-April 2022. Owing to the depleting gas reserves, Pakistan entered into the LNG market and availed a cheaper cost of electricity generation by replacing expensive furnace oil. Since 2015, Pakistan has become the seventh biggest importer of LNG in the world. This is underscored by several long-term contracts. Two long-term government-to-government…

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The International Monetary Fund (IMF) said on Wednesday it would discuss with Bangladesh its loan request after the country became the third in South Asia to seek such support after Pakistan and Sri Lanka. Bangladesh’s $416 billion economy has been one of the fastest-growing in the world for years, but rising energy and food prices because of the Russia-Ukraine war have inflated its import bill and the current account deficit. The IMF said Bangladesh was interested in its new Resilience and Sustainability Facility aimed at helping countries face climate-change challenges…

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