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 information regarding the landscape of the power sector in their respective countries.They agreed to mutually cooperate in the future, in order to benefit each other on the basis of expertise…
Read MoreGrid vs Rooftop Solar: Navigating Pakistan’s Energy Landscape
Grid vs Rooftop Solar: Navigating Pakistan’s Energy Landscape May 8, 2024 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 FY2023. While this may seem positive on the surface, it presents challenges for the National Transmission and Dispatch Company…
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 sector is experiencing a power sector depression due to overexpansion and underutilisation of capacity, primarily fuelled by imported fossil fuels, thanks to poor planning and demand estimation. The demand for…
Read MoreSolar Price: Lows, Bottoms and Rock Bottom!
Solar Price: Lows, Bottoms and Rock Bottom! May 8, 2024 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 start of 2023 never really recovered. From a $0.30 per watt to now currently being trade at $0.10-$0.11 with the…
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