Day: May 10, 2024

Pakistan Extends Invitation to Swiss Investment in Renewable Energy and IT Sectors

Admin

SLAMABAD – Deputy Prime Minister and Foreign Minister Ishaq Dar extended a warm invitation to Swiss companies to invest in Pakistan, focusing particularly on the renewable energy and IT sectors. This invitation came during a courtesy meeting with Ambassador of Switzerland Georg Steiner at the Ministry of Foreign Affairs. During the meeting, Dar emphasized Pakistan’s strong interest in bolstering ties with Switzerland, highlighting the potential for expanded cooperation in various areas such as trade, investment, climate initiatives, tourism, and migration. Dar praised the existing presence of Swiss companies in Pakistan…

Read More

Pakistan’s Balancing Act: Encouraging Solar Adoption Amid Grid Challenges

Admin
solar-panel

KARACHI – Pakistan’s government finds itself in a delicate position, aiming to promote renewable energy, particularly solar power, while grappling with constrained grid capacity and economic challenges. The government’s recent consideration to reduce buyback rates for net-metering electricity has sparked debates regarding the balance between incentivizing solar installations and managing grid constraints. The introduction of net-metering was a significant move to encourage households and businesses to generate their electricity and sell excess power back to the grid. However, the proposed rate cuts have raised concerns among solar users who viewed…

Read More

Pakistan Seeks Chinese Support for Hydropower Projects and Energy Investment

Admin

ISLAMABAD – Pakistan is actively engaging with Chinese leadership to revive over 1800 megawatts of hydropower projects (HPPs) and attract fresh investment from Chinese companies in the country’s transmission and distribution network. This effort is part of the second phase of the China-Pakistan Economic Corridor (CPEC), aimed at bolstering energy infrastructure and collaboration. Efforts are underway to convene a meeting of the Joint Cooperation Committee (JCC) of the cabinet on May 22-23 to ensure the success of Prime Minister Shehbaz Sharif’s upcoming visit to Beijing early next month. A high-level…

Read More

K-Electric’s Proposed Fuel Adjustment Charges Met with Resistance

Admin
karachi-electricity

ISLAMABAD – The National Electric Power Regulatory Authority (Nepra) confronted K-Electric’s request for an additional fuel cost recovery of up to Rs18.6 per unit from its consumers over the past nine months. During a public hearing led by Nepra’s Sindh member, Rafique A. Shaikh, key consumer groups and trade bodies strongly opposed any tariff hikes until consumers receive approximately Rs75 billion owed to them, currently blocked by legal challenges initiated by K-Electric. Major concerns raised during the hearing included questioning the legitimacy of provisional fuel cost adjustments (FCA) based on…

Read More

POGEE 2024: Energy Sector’s Premier Exhibition Inaugurated in Lahore

Admin

Lahore, Pakistan: The 18th edition of the Pakistan Oil, Gas & Energy Exhibition (POGEE) kicked off with great fervor at the Lahore Expo Centre, showcasing the latest advancements in Oil, Gas, and Power technologies. This year’s event, held alongside the 15th Safe Secure Pakistan (SSP) exhibition, witnessed a notable gathering of industry leaders and participants from both national and international spheres. The ribbon-cutting ceremony, a symbol of the event’s commencement, was graced by esteemed personalities including Mr. Zaki Aijaz, Vice President of the Federation of Pakistan Chambers of Commerce &…

Read More