Growatt, a global leading distributed energy solution provider, recently convened a successful business gathering on February 28th in Lahore, Pakistan, drawing numerous local partners. The event served as a platform for showcasing innovation and fostering collaboration within the renewable energy sector. It underscored the burgeoning momentum of the PV industry in Pakistan and Growatt’s pivotal role in driving advancements and facilitating partnerships for sustainable energy solutions. The event’s highlight was the signing of three Memorandums of Understanding (MOUs). Growatt secured a 200MW MOU for 2024 with Aman Sons, ensuring smooth…
Read MoreDay: March 5, 2024
Renewable Energy Policy 2006
Why to Curtail Wind Power Projects Despite Tariff of PKR 14.7/kWhAtif Ikram Sheikh Karachi: Atif Ikram Sheikh, President FPCCI, has expressed his profound concerns that the renewable energy policy 2006 is not being implemented in letter & spirit as costlier and obsolete power projects are still being given preference – while it makes no economic sense to purchase power for the national grid from costlier plants in these times of stagflation, mounting circular debt and burgeoning balance of payments (BoP) &depleting foreign exchange reserves (FER) even further through importing furnace…
Read MoreNepra plans doubling of licensing fees
ISLAMABAD: Following in the footsteps of power companies, the National Electric Power Regulatory Authority (Nepra) has decided in principle to increase by at least 100 per cent its annual and one-time registration fee for all its licensees like those dealing in generation, distribution, transmission, trading, operators and suppliers. At the same time, Nepra is also seeking the imposition of an annual fee on a class of upcoming electricity traders based on per megawatt forecasted energy trade as the Competitive Trading Bilateral Contracts Market (CTBCM) becomes functional shortly. The prevailing fee…
Read MoreGovt to form regulatory body for GB’s hydropower resources
ISLAMABAD: Amid controversy over the extension of a 20MW hydropower project to 40MW, the Centre is facilitating the Gilgit-Baltistan administration to set up an energy regulatory authority and an energy development organisation for exploitation of hydropower potential in the region. Informed sources told Dawn that a recent meeting of the Central Development Working Party (CDWP) deferred the approval of the 40MW Hydropower Project Hanzel in Gilgit due to controversy over the increase in project capacity without prior approval from the relevant forums. The project cost has increased from Rs12.1 billion in May 2021 to…
Read MoreFocus on human development key to long-term success: Hussain Dawood
By Rafiq Vayani DUBAI/KARACHI: In an inspiring keynote address at the IBA Leaders Connect event, Mr. Hussain Dawood – Chairman, Engro Corporation and Dawood Hercules Corporation, emphasized the importance of human development based on the values of Character and Good Manners (CGM). “We’re Pakistanis, and we’re going to fight for our country. And the way to do it, in spite of all the challenges we have, is to concentrate on the concept of human development. Human development is not just external competencies. Human development includes CGM,” he stressed. Mr. Hussain…
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