Month: September 2022

Govt policies destroying solar industry Stopping solar imports a wrong decision Solar companies going bankrupt: Mian Zahid Hussain

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Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Wednesday said solar energy is being prioritized all over the world, but this industry is being destroyed in Pakistan under a plan. The Prime Minister and Ministers are making announcements to generate 9000 megawatt electricity through solar energy and expand the solar industry while the bureaucracy is bent upon destroying this important sector, he said. Mian Zahid Hussain said that countries, where the sun does…

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NEPRA to Decide Rate to Buy Electricity from Solar-Powered Consumers

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The National Electric and Power Regulatory Authority (NEPRA) has scheduled a public hearing to amend the rules for the solar panel and net metering that can increase the bills for households using such systems.The National Electric and Power Regulatory Authority (NEPRA) has scheduled a public hearing to amend the rules for the solar panel and net metering that can increase the bills for households using such systems. The hearing is regarding the amendments in the NEPRA Alternative and Renewable Energy Distributed Generation and Net Metering Regulation, 2015, on 27 September…

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Cnergyico Reports Robust Growth in Annual Net Profit to Rs. 4.7 Billion After Another Strong Quarter, Despite Challenges

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Cnergyico Pk Limited (formerly Byco Petroleum Pakistan Limited), today reported financial results for the year ending 30th June, 2022. Despite the long-pending challenges in the refining sector, the company earned net revenues of Rs. 170 billion, up from Rs. 142.1 billion in FY-2021. Operating profit increased by more than Rs. 2.5 billion (before finance costs and taxation) in FY-2022. Net profit for the financial year rose to Rs. 4.7 billion, or Rs. 0.90 per share, increasing from Rs. 3.5 billion, or Rs. 0.67 per share, in FY-2021.Cnergyico Pk Limited successfully…

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Naya Nazimabad ( NN) and National Forum for Environment has launched Urban Forest today

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Naya Nazimabad ( NN) and National Forum for Environment has launched Urban Forest today .more than 1000 sheddy ,flowey, fruit trees will plant trees on this forest . a colorful & graceful ceremony held yesterday.commissioner karachi M Iqbal Memon inaugurated this urban forest . Samad Habib CEO NN , Saeed Ahmad CEO NN maintinance company , SM Talah President NN gymkhana , President NFEH M. Naeem Qureshi spoke on this occasion.test cricketer Fawwad Alam. Ruqiya Naeem GS NFEH, yogi Wajahat and residents of NN were attended the ceremony. NFEH will…

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Energy Prices

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The price of electricity has risen astronomically in Europe over the last two years: by four times over the previous year and 10 times over the last two years. The European Union (EU) has claimed that this rise in prices is due to the increase in the price of gas in the international market and Russia not supplying enough gas. This raises the critical question: Why should, for example, the German electricity price rise four times when natural gas contributes around one-seventh of its electricity production? Why does the UK,…

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