Monthly Energy Update May Magazine
Day: May 8, 2024
Power Minister Awais Leghari Led delegation today
Power Minister Awais Leghari today led a delegation of the Power Sector of the Government of Pakistan to meet with its Saudi Energy sector counterpart at Riyadh.The prominent leaders present in the meeting included Mr. Nassir Al-Qahtani, Assistant Minister for Electricity Affairs, and Mr. Nayef Almusehel, Deputy Minister for Policies and Strategic Planning. During the meeting, both sides exchanged detailed…
Read MoreGrid vs Rooftop Solar: Navigating Pakistan’s Energy Landscape
In the realm of Pakistan’s power sector, a contentious debate brews between the traditional grid system and the burgeoning rooftop solar initiatives. Dr. Khalid Waleed, an esteemed authority in energy economics, delves into the intricacies of this debate and offers a roadmap for sustainable energy transition. Pakistan witnessed a notable decrease in electricity consumption, a 10% drop from FY2022 to…
Read MoreUnderstanding electricity demand
*There is a need to attract more investments into transmission system, especially under CPEC The aphorism ‘supply creates its own demand’, often attributed to economist Jean-Baptiste Say, encapsulates a fundamental principle of classical economics. This notion, known as Say’s Law, faced criticism during the Great Depression of the 1930s, when supply exceeded demand, leading to economic downturns. Similarly, Pakistan’s electricity…
Read MoreSolar Price: Lows, Bottoms and Rock Bottom!
Closing 2023 with a bang and opening 2024 at a higher node of PKR 120-130 per watt making the most out of the LC restrictions and PKR uncertainty, solar panels became hot investment item for investors of all races – from Jodia Bazar of Karachi to big boys sitting in E-7, Islamabad. The declining global prices which started in the…
Read MorePPIB ROLE IN RENEWABLE ENERGY GENERATION
The Private Power & Infrastructure Board (PPIB) was established in 1994 as a one-window facilitator on behalf of the Government of Pakistan (GoP) to promote private investment in the power sector of Pakistan. Since its inception, PPIB has consistently remained a frontrunner institution in Pakistan’s power sector. Recognizing the performance and success of PPIB, the government, on the advice of…
Read MoreNestlé Pakistan’s ‘Creating Shared Value’ report highlights sustainability efforts
Renewable energy and sustainable plastics for a sustainable tomorrow LAHORE: Building on its strong foundation, Nestlé Pakistan published its 2023 Creating Shared Value (CSV) Report, ‘Powering a Sustainable Tomorrow’ highlighting its commitments on climate action, sustainable plastics, regenerative agriculture, renewable energy and water regeneration, in line with the United Nations Sustainable Development Goals (UN SDGs). Highlighting Nestlé’s efforts, Jason Avanceña,…
Read MorePetroleum Product Prices to Decline from May 16,
Petroleum Product Prices to Decline from May 16, Reflecting Global ShiftsEnergy Update Report: Petrol Anticipated to Drop by Rs 12/Litre, Diesel by Rs 9.70/Litre In an anticipated market move, petroleum product prices are set to decrease starting May 16, aligning with global trends. Petrol is expected to see a substantial drop of Rs 12 per litre, while diesel is forecasted…
Read MoreShell Pakistan announces profit for Q1 2024
Pakistan, May 8th, 2024 – The Board of Directors of Shell Pakistan Limited (SPL) announced the first quarter results for the company. The company posted a profit after tax of PKR 314 million compared to the loss after tax of PKR 4,762 million made in the same period last year. The Mobility business grew its network with 5 newly commissioned…
Read MoreOGRA Chief: Government Plans Phased Deregulation of Fuel Prices
Mansoor Khan, Chairman of the Oil and Gas Regulatory Authority (OGRA), announced that the government intends to deregulate petroleum prices in phases, with a collaborative approach involving all stakeholders. This decision comes in response to ongoing discussions regarding the deregulation of High-Speed Diesel (HSD) and petrol, addressing concerns and seeking consensus across the oil industry. Speaking at OGRA’s headquarters in…
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