Month: March 2024

ISLAMABAD: The Power Division is reportedly facing a “Catch-22” situation on a letter of former caretaker Federal Minister for Power and Petroleum, Muhammad Ali, who ordered a thorough probe into the purchase of coal by CPEC 1,320-MW Sahiwal Coal Power Plant on higher prices, which are being paid by the consumers, well-informed sources told Business Recorder. Muhammad Ali wrote the letter, just three days before his departure from the office of caretaker minister, purportedly on complaints he received from the stakeholders. “Some stakeholders approached the ex-caretaker power minister and apprised him…

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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…

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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…

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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…

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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…

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