Month: June 2024

Massive Power Outage Hits Balkan States Amid Heatwave

Admin
power-fleet

PODGORICA: A major power outage struck Montenegro, Bosnia, Albania, and most of Croatia’s coast on Friday, severely disrupting businesses, shutting down traffic lights, and leaving residents without air conditioning during a heatwave. Montenegro’s energy minister attributed the shutdown to a sudden surge in power consumption caused by the extreme heat. The interconnected power distribution systems across the Balkans facilitate transfers and trading, making the region vulnerable to such disruptions. “This was just waiting to happen in this heat,” said Gentiana, a 24-year-old student in Podgorica. The blackout, which began around…

Read More

Hubco Subsidiary Partners with BYD to Introduce EVs in Pakistan

Admin
electric-vehicles

KARACHI: Mega Motor Company, a subsidiary of Hub Power Company Ltd (Hubco), is set to enter the electric vehicle (EV) market in Pakistan in collaboration with Chinese EV giant BYD Auto Industry Company Limited. Hubco announced in a notification to the PSX on Friday, “Hub Power Holdings Limited, a wholly-owned subsidiary of Hub Power Company Limited, through its associated company, Mega Motor Company (Private) Limited, is entering into a new line of business in electric vehicles with BYD Auto Industry Company Limited in Pakistan.” The venture will include the execution…

Read More

Consumers to Pay Rs1,952bn in Capacity Charges in FY25

Admin
electricity price increased

ISLAMABAD: In the fiscal year 2025, electricity consumers will face a significant burden, paying Rs1,952 billion in capacity charges. This amount will contribute Rs18.39 per unit to the new power purchase price (PPP) of Rs30.88 per unit. For the outgoing fiscal year, the capacity charges revenue target was Rs1,874 billion, with consumers paying Rs17.02 per unit until June 30, 2024. According to a NEPRA communiqué sent to the government, the power purchase price for distribution companies (Discos) has increased by Rs4.86 per unit (18.677%) from Rs26.02 in FY24 to Rs30.88…

Read More

Punjab Government Announces Free Solar Systems and Housing Support in New Budget

Admin
solar-energy

LAHORE: In an effort to reduce electricity costs and promote renewable energy, the Punjab government has allocated significant funds for the installation of solar systems and housing support in the upcoming fiscal year’s budget. During the provincial assembly’s budget speech on Thursday, Finance Minister Mujtaba Shujaur Rehman announced the provision of free solar systems for consumers using up to 100 units of electricity per month. The initiative, part of the Chief Minister’s Roshan Gharana Programme, is set to cost Rs9.5 billion. This program aims to provide relief to households burdened…

Read More

Power Outage in Peshawar Following Grid Station Shutdown

Admin
power-sector

PESHAWAR: A technical fault at the Rehman Baba grid station on Friday disrupted power supply to over 72,000 households in Peshawar. This issue arose when protesters forcefully restarted feeders that had been switched off by the Peshawar Electric Supply Company (Pesco) for scheduled load shedding. Pesco reported that protesters entered the grid station around 2 pm, forcibly turning the feeders back on, which led to a technical fault. The disruption affected 32 feeders, impacting over 72,000 power connections. The protesters also harassed staff members and confiscated their mobile phones. Efforts…

Read More