Year: 2022

Is This The Most Disruptive Event Ever For U.S. Solar?

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As much as 17.5 gigawatts (GWac) of planned US solar capacity installations in 2022 are in doubt after the Department of Commerce (DOC) opened an investigation into panel imports from southeast Asia, Rystad Energy research shows. The US was expected to install 27 GWac of solar energy capacity in the utility, residential, and commercial and industrial (C&I) markets this year, but with rising commodity prices and this new threat of tariffs on vital imports, 64% of those additions are now in jeopardy. The recent launch of an Antidumping and Countervailing (ADCV)…

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Oil tanker snarl-up persists at Port Qasim

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Many oil vessels are anchored at the sea awaiting berth, in some cases for days and weeks, at the oil jetty, FOTCO (Fauji Oil Terminal & Distribution Company Limited), which was dragging its feet on investing in expanding its capacity accordingly. “The government should address the congestion of vessels carrying petroleum products at Port Qasim, while the relevant ministry must form a special committee to devise and implement urgent strategy in this regard,” said Oil Companies Advisory Council (OCAC) in a letter to the Ministry of Energy. “The claims of…

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Power to remain costly

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March’s Fuel Charges Adjustment (FCA) has been approved by the regulator at Rs2.87 per unit. This is a respite of sorts, being the lowest monthly adjustment in six months. But this could well be the only respite on offer in the near future, as Pakistan’s power sector continues to operate with all-so-usual problems of miscoordination, rising payment issues, unbudgeted subsidies, and hard fuel supply and price choices. Nepra’s decision comes with a dissent note, questioning the operators’ inability to procure timely RLNG, leading to suboptimal utilization of various efficient RLNG…

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PM’s electricity relief package: Govt’s nod sought to discontinue Rs5 subsidy

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Power Division has sought Federal Government’s nod to do away with PM’s relief package on electricity of Rs 5 per unit from May 1, 2022 and continue unscheduled load shedding for the next two or three months aimed at passing minimum impact of FCA to consumers and avoid drain of over Rs 300 billion on expensive fuels, well informed sources told Business Recorder. International Monetary Fund (IMF), World Bank and Asian Development Bank (ADB) are strongly opposed to the relief package and in a press release dated 24 April subsequent to…

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New tree plantation policy advised for housing schemes

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Given rising temperatures due to the climate change phenomenon, the Sindh government has decided to issue environmental NOCs to new housing schemes and societies subject to the condition that they plant trees. An important meeting took place under Sindh Environment Minister Ismail Rahoo, attended by Sindh Environment Protection Agency (SEPA) Director General Naeem Mughal and other officers. Rahoo directed Mughal to formulate new tree planting policies for housing schemes in the province because of the rising temperature. Read More: ‘Do not invest in illegal housing schemes’ He said a tree-planting campaign…

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