Month: March 2024

Power Division Authorized to Withdraw Rs4 Billion from PERA for Chinese IPP Payments

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CPEC-Project

ISLAMABAD: The Finance Division has granted permission to the Power Division to withdraw Rs4 billion from the Pakistan Energy Revolving Account (PERA) for the exclusive payment to Independent Power Producers (IPPs) under the China Pakistan Economic Corridor (CPEC) for January 2024, according to reliable sources. On February 7, 2024, the Power Division sent an Office Memorandum (OM) to the Finance Division, seeking approval to draw funds from PERA in line with the decision of the Economic Coordination Committee (ECC) of the Cabinet on October 31, 2022. The ECC had approved…

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NEPRA Approves Modification in WAPDA’s Generation License

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Nepra

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has granted approval for modifications in the generation license of the Water and Power Development Authority (WAPDA), primarily concerning adjustments in auxiliary consumption across various hydel power plants and the incorporation of the 1,530 MW Tarbela 5th Extension project. Initially issued on November 3, 2004, WAPDA’s generation license has undergone several modifications, cumulatively reaching an installed capacity of 17,367.96 MW. WAPDA, in accordance with NEPRA’s regulations, proposed modifications to its generation license on October 01, 2021, including the addition of the Tarbela…

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K-Electric Stands Firm on Renewable Goals

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K-Electric

KARACHI: K-Electric (KE) reaffirms its dedication to achieving 30 percent renewable energy by 2030, as outlined in its publicly available plans. The company emphasized its commitment to these targets, which are formulated based on thorough assessments of ground dynamics, available resources, and anticipated demand growth. KE responded to the white paper shared by Renewables First, expressing an inability to provide commentary without a comprehensive review. The paper was only shared with KE last night following repeated requests. Notably, KE highlighted that it was not consulted nor included in the development…

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OGDCL Rolls Out its ESG Policy to Promote Sustainable Practices

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New-OGDCL

ISLAMABAD, March 1, 2024: The Oil and Gas Development Company Limited (OGDCL) has taken a significant stride towards sustainability by announcing its Environmental, Social, and Governance (ESG) policy. In response to the growing demand from investors and stakeholders for transparency and accountability in ESG factors, OGDCL’s Board of Directors released its comprehensive ESG policy statement on February 27, 2024.The OGDCL ESG policy underscores the company’s commitment to environmental stewardship, social responsibility, and effective corporate governance practices. By embracing these principles, OGDCL aims to create shared value for sustainable development. The…

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Indonesian government abolishes net metering

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indonesia

Indonesian government abolishes net metering February 27, 2025 The Indonesian government has ended net metering for rooftop solar installations. The Jakarta-based Institute for Essential Services Reform says this could make it harder for the country to meet its solar deployment targets, as PV installations will become more expensive for households and small businesses. Indonesia’s Ministry of Energy and Mineral Resources (MEMR) has enacted MEMR Regulation No. 2/2024, which abolishes net metering for rooftop PV installations. The country first introduced net metering in November 2018. It allowed solar project owners to export…

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