Germany keen to expand business ties with Pakistan: AHK

Renewable-Energy

KARACHI: Pakistan’s Representative in German Emirati Joint Council for Industry & Commerce (AHK) Muhammad Usman has said that German government and businesses have been looking towards Pakistan in recent years for strengthening business and investment ties which was the basic reason for establishment of Pakistan’s desk at AHK in Dubai.“Germany desires to expand ties of German Small & Medium Enterprises…

Read More

CEOs of over 60 industry partners step up efforts to combat climate change through joint targets in renewables, green energy technologies, human skills, and finance at COP28.

climate-change

Dubai, United Arab Emirates, 5 December 2023 – Over 60 top executives and knowledge partners of the Alliance for Industry Decarbonization (AFID) held a roundtable at COP28 today and committed to raise decarbonization ambitions through tangible achievements by 2030. Members of AFID have individual reduction plans that combined aim to reduce 51% of direct and indirect greenhouse gas (GHG) emissions and grow the…

Read More

25 leading utility companies from across the globe join forces with IRENA and the UN Climate Change High-Level Champions to launch Utilities for Net Zero Alliance

partners-COP28

Dubai, United Arab Emirates, 5 December 2023 – Today, 31 partners, including 25 global utilities and power companies that collectively serve more than 250 million customers, united for a landmark joint commitment to advance electrification, renewables-ready grids, and clean energy deployment in line with 2030 Breakthrough goals and a net zero future by 2050. Global industry giants, regional utilities, developers, and…

Read More

KE only Disco using handheld device for meter reading: Nepra

k-electric

KARACHI: National Electricity Regulatory Authority (Nepra) has said that the KE is the only Disco that is using handheld devices for meter reading. According to Nepra’s recently issued inquiry report on billing practices in Discos, Karachi Electric (KE) is the only company using handheld devices for meter reading, which are an effective solution at ensuring transparency in the meter reading…

Read More

Minister reviews power sector progress

Sami-Saeed

ISLAMABAD: Caretaker Minister for Planning, Development and Special Initiatives Muhammad Sami Saeed, on Tuesday, chaired a meeting to review the progress of the power sector of the ministry. The chief energy section gave a detailed briefing on current statistics, prevalent policies and new initiatives of the power sector. The power section of the Planning Ministry is assigned the tasks of…

Read More

Commercial operation date: Nepra likely to grant Zorlu 4-month extension

Global-power

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) on Tuesday hinted at granting extension for four months in Commercial Operation Date (COD) to Turkish power firm M/s Zorlu Enerji along with same tariff approved previously as the company has only one issue with CCPA-G, i.e., interpretation of word “degradation”. Asian Development Bank’s Senior Investment Officer, Sheryar Ali Chaudhary said that financing…

Read More

Anti-electricity theft, recovery drive a flop?

K-Electric

ISLAMABAD: Pakistan’s power sector circular debt stock crossed Rs 2.6 trillion by October 31, 2023, showing 13 percent or Rs 75.25 billion per month growth in its flow as anti-theft and recovery drive failed to give results as per expectations. According to sources, circular debt stock touched Rs 2.310 trillion at the end of FY 2022-23, with has now reached…

Read More

India to be third-largest economy by 2030: S&P

expects-India

BENGALURU: India will remain the fastest-growing major economy for at least the next three years, setting it on course to become the world’s third-largest economy by 2030, S&P Global Ratings said in a report. S&P expects India, currently the world’s fifth-largest economy, to grow at 6.4 per cent this fiscal year and estimates growth will pick up to 7pc by…

Read More

Govt freezes monetised cost of free units of electricity

power-tariff

ISLAMABAD: The power division has notified a freeze on monetised cost of free electricity units to all the senior employees of power companies and the Water and Po­­w­er Development Authority (Wapda) at the existing level for future. In a notification issued here on Tuesday, the power division said the federal cabinet had approved monetisation of free electricity units admissible to…

Read More