Month: April 2024

India’s Hydropower Output Witnesses Steepest Decline in 38 Years

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India-Hydropower

India experienced a significant 16.3% decline in hydroelectricity output, marking the sharpest drop in at least 38 years, according to a Reuters analysis of government data. This decline in hydroelectric generation coincided with a slight decrease in the share of renewables in power generation, a departure from Prime Minister Narendra Modi’s commitments to enhance solar and wind capacity. Renewables accounted for 11.7% of India’s power output in the fiscal year ending in March, down from 11.8% the previous year, based on data from Grid-India. The country’s reliance on coal-fired power…

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Sinotec Solar to Set Up 3GW Solar Panel Plant in Karachi, Pakistan

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solar-panel

In a strategic move to boost Pakistan’s renewable energy sector, Sinotec Solar Private Limited is set to establish a massive three-gigawatt (3GW) solar panel manufacturing plant in Karachi, marking a significant step towards localizing solar panel production and reducing import reliance. The project, facilitated by the Special Investment Facilitation Council (SIFC), also includes plans to support the production of dry batteries and electric-powered trucks, aligning with Pakistan’s green energy ambitions. This initiative is expected to attract substantial foreign direct investment (FDI), create numerous job opportunities, and contribute to socio-economic growth…

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Federal Minister Leads Shift to Local Coal for Cheaper Electricity

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electricity-cheaper

Federal Minister for Energy, Sardar Awais Ahmed Khan Laghari, chaired a meeting focused on transitioning all power plants from imported coal to local coal sources. This initiative aims to reduce electricity costs and benefit consumers across the nation. During the meeting, Minister Laghari emphasized the importance of shifting power plants to locally sourced coal. He highlighted that this move will not only generate cost-effective electricity but also significantly reduce the country’s import bill. The Minister emphasized engaging all stakeholders to chart a comprehensive plan of action for a smooth transition…

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Govt to procure 24 LNG cargoes from Gunvor Singapore as demand surges

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Energy-Division

The government currently purchases spot LNG from 23 global companies, including Gunvor Singapore Ltd, through tendering and through long-term contracts from Qatar and Oman Highlights: Gunvor Singapore Pvt Ltd will deliver 24 cargoes of LNG in two years 12 cargoes this year, 12 next year, delivery is subject to demand Govt imported 54 LNG cargoes from spot market from Sept 2021 to Jan 2024 To address surging domestic gas demand, the government has decided to purchase 24 cargoes of liquefied natural gas (LNG) from Gunvor Singapore Pvt Ltd under a…

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