Year: 2023

No short-term solution to fix circular debt issue, says caretaker minister

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Energy-Minister-1

KARACHI: Minister for Energy, Power and Petroleum Muhammad Ali has said there are no short-term solutions to the issue of the circular debt. Speaking at the 20th Annual Excellence Awards organised by the CFA Society Pakistan on Friday evening, Mr Ali said a roadmap to address the issues in the energy sector, including the circular debt, will be developed by November 2023. “The resolution of the circular debt in the gas sector is expected sooner,” he said, adding that the energy sector’s challenges have the spillover effect on other segments…

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Anatomisation of power tariff

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power-tariff

Power Sector as a whole and specifically the electricity tariff is under discussion every day. All and sundry are challenging the validity and veracity of DISCO billing as being patently unfair. Most of the people consider that they are being unjustly penalised for the inefficiency of Discos and the non-payment culture of huge swaths of areas, where illegal abstraction of power happens too often. The experts on being asked, basically blame the tumbling PKR and the spike in international fuel prices as the culprit. A little foray into the works…

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‘Detached from reality’: anger as Rishi Sunak plans to restrict solar panels

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solar-panel

Climate campaigners dismiss government argument that controversial move will improve food security Rishi Sunak plans to restrict the installation of solar panels on swathes of British farmland, which climate campaigners say will raise bills and put the UK’s energy security at risk. Last year, then prime minister Liz Truss attempted to block solar from most of England’s farmland. The plans were deeply controversial and unpopular, and were dropped when she left office. However, solar panels in the countryside are disliked by many rural Conservative MPs, and the Observer can reveal that Sunak and environment secretary Thérèse…

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India, Saudi Arabia sign MoU for green hydrogen supply chain, power grid interconnection

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IND-SAR

New Delhi: Nearly a month after signing the energy cooperation pact which spoke about power grid interconnectivity, India and Saudi Arabia have signed a memorandum of understanding (MoU) for green hydrogen supply chain and power grid interconnection. The MoU was signed on Sunday in Riyadh, Saudi Arabia by union minister for power and new & renewable energy RK Singh and the minister of energy, Saudi Arabia, Abdulaziz bin Salman Al-Saud on the sidelines of the MENA Climate Week 2023. “This MoU aims to establish a general framework for cooperation between…

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