There are strong rumors that government is in the process of amending rules with respect to roof-top solar power producers. In that reports say that DISCOs will shift from Net Metering to Gross Metering, which is, unlike net-metering, the consumer never utilizes the solar power generated by his installation as all of the power generated via solar panels is exported to the grid. It means that both export and import will be monetized separately each month.
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ISLAMABAD: Pakistan will compensate the families of five Chinese nationals who lost their lives in a terror attack near Besham, Swat (Khyber Pakhtunkhwa) on March 25, 2024, with a total of $2.5 million, according to sources reported by Business Recorder. Prime Minister Shehbaz Sharif, preparing for an upcoming visit to Beijing aimed at enhancing cooperation and launching the second phase of the China-Pakistan Economic Corridor (CPEC), has directed that the compensatory payments be expedited. Following the attack on a bus carrying Chinese workers from the Dasu hydropower project, the Chinese…
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ISLAMABAD: Pakistan and Turkmenistan have committed to providing the necessary funding for the multibillion-dollar TAPI (Turkmenistan-Afghanistan-Pakistan-India) pipeline project due to a lack of international financial support stemming from the global community’s refusal to recognize the government in Afghanistan, revealed Petroleum Minister Dr. Musadik Malik on Wednesday. Speaking at Pakistan’s Energy Symposium, Malik highlighted Pakistan’s ongoing efforts to advance the TAPI framework. He noted the proposal for an LNG train to transport Turkmen gas to Europe, which could offer a new market for Turkmenistan’s substantial gas reserves. “Turkmenistan is a landlocked…
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KARACHI: Chinese companies have shown significant interest in the expansion and upgrade of Pakistan Refinery Ltd (PRL), signaling a promising development for the country’s energy sector. PRL conveyed its enthusiasm in a notice to the Pakistan Stock Exchange on Wednesday. “In a significant step towards enhancing Pakistan’s refining capabilities, PRL senior management recently visited China to engage with engineering, procurement, and construction (EPC) contractors and financial institutions,” the notification stated. The discussions in China were highly productive, establishing a foundation for the next phases of PRL’s refinery expansion and upgrade…
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KARACHI: The Sindh Assembly was assured on Wednesday that the federal government has no plans to impose a tax on electricity generated through solar panels. This assurance came after the provincial government raised concerns over media reports suggesting such a proposal. During Question Hour, Energy Minister Syed Nasir Hussain Shah stated that the provincial government immediately approached the federal authorities to express its reservations. The federal government responded, ensuring that no such tax proposal was under consideration. “In this era of inflation, imposing a tax on solar panels would be…
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