Month: May 2024

Finance Ministry Extends Rs 1.094 Trillion Subsidy for Power Sector

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Chinese-power

ISLAMABAD: The Finance Ministry has agreed to extend a subsidy of Rs 1.094 trillion for the power sector for the fiscal year 2024-25, falling short of the Power Division’s request for Rs 1.250 trillion, according to informed sources. Out of this, Rs 174 billion is allocated specifically for K-Electric. The final details of the remaining allocations will be determined once the National Electric Power Regulatory Authority (NEPRA) approves the proposed increase in electricity tariffs through re-basing. The government had previously earmarked Rs 970 billion in subsidies for the power sector…

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Speakers stress need for removing bottlenecks in promotion of oil, gas sectors

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oil-gas

Islamabad: Speakers at a conference while highlighting importance of deregulation of the petroleum sector, on Wednesday stressed the need for removing bottlenecks in promotion of oil and gas sectors in the country.They were of the views that all stakeholders, government and regulators should set together and devise a concrete strategy in larger national interest to counter various mafias creating hurdles in promotion of this important sectorThe Oil and Gas Conference Pakistan (OGCP-2024), organized by Energy Update in collaboration with the Ministry of Energy (Petroleum Division) and the Oil and Gas…

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Hopewind Leads the Electrical Revolution with Grid-Forming Technology

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Hopewind-Project

As a distinguished leader in electrical solutions, Hopewind excels in technical innovation, constantly injecting new momentum into the progress of a more reliable and stable renewable energy ecosystem. The introduction of grid-forming technology is a core component of Hopewind’s pioneering efforts. What is Grid-Forming Technology? Grid-Forming is a revolutionary technology designed to ensure the stable and reliable operation of power grids, especially in the context of renewable energy integration and decentralized networks. Rather than traditional Grid-following systems, Grid-Forming Technology actively regulates the grid’s frequency and voltage, ensuring grid stability even…

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BRI Projects Set for Revival: Pakistan Seeks Joint Ventures in Renewable Energy and Agriculture

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pak-china

ISLAMABAD: Federal Minister for Planning, Development, and Special Initiatives, Ahsan Iqbal, expressed optimism on Tuesday about reinvigorating projects under China’s Belt and Road Initiative (BRI) to bolster Pakistan’s struggling economy. In an interview with Bloomberg, Iqbal highlighted the government’s plans to form joint ventures in renewable energy and agriculture, and to attract Chinese companies to relocate to Pakistan. “I’m very hopeful because I was in China recently and had meetings with their senior leadership… so I see great interest on the Chinese side to revive the momentum for CPEC and…

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