Day: November 1, 2024

Ministry of Energy and Water Signs Agreement with Chinese Company

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china pakistan

The Ministry of Energy and Water announces the signing of an agreement with a Chinese company to invest in energy production projects from domestic resources in Afghanistan. Abdul Latif Mansoor, acting Minister of Energy and Water, urged the company not only to invest in energy production but also to support projects for energy transmission lines and the strengthening of distribution substations. Although Afghanistan has considerable energy resources, it has not yet achieved self-sufficiency in this field. Matiullah Abed, spokesperson for the Ministry of Energy and Water, said: “The acting Minister…

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Conversion of power plants to coal: NEA of China seeks to set up working group for talks

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ISLAMABAD: The National Energy Administration (NEA) of China is said to have shown willingness, in principal, to establish an ad hoc working group to facilitate discussion on conversion of three imported coal-fired power plants to local coal, well-informed sources in the PPIB told Business Recorder. This update was shared with the Power Division which is finalizing sectoral plan to support Government of Pakistan’s (GoP’s) effort to move out of the low growth trap. According to sources, Chinese side will be represented by officials from NEA’s department of International Cooperation, its Planning…

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NEPRA reveals a ‘net increase’ in November energy bills. What does this mean for consumers?

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NEPRA

Rising fuel cost adjustments and limited energy diversification put Pakistani consumers at risk of escalating electricity bills. Here’s how the total tariff works and what to expect moving forward. In a recent NEPRA hearing for September’s fuel cost adjustments (FCA), a case officer revealed a potential increase of ‘15 paisa per unit’ in the energy tariffs for XW-Wapda Distribution Companies (Discos) as a result of a negative 71 paisa FCA. If approved, this could lead to higher electricity bills for consumers in November, and it would mean a month-on-month increased…

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Pakistan’s Solar Boom: $2.1 Billion in Solar Panels Imported Amid 155% Power Tariff Hike

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Solar-Panels

ISLAMABAD: Pakistan imported approximately 15 GW of solar panels worth $2.1 billion from China last fiscal year, driven by surging electricity costs—up 155% in three years—according to a recent study, The Great Solar Rush in Pakistan. This shift has led to a 10.4% decrease in grid electricity demand, with further reductions projected, underscoring the need for grid modernization and revised demand forecasts. Launched by Renewables First, the study highlights how high consumption households and industries are adopting solar solutions amid rising power tariffs and decreasing battery costs. Analysts at the…

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Weak Oversight in Oil and Gas Sector Sparks Concerns Over CSR Fund Misuse

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CSR-Funds

ISLAMABAD: The Standing Committee on Energy (Petroleum Division) has raised concerns over inadequate regulatory oversight, leading to the misuse of Corporate Social Responsibility (CSR) funds and uncollected Production Bonus and Training Funds intended for capacity-building by exploration and production (E&P) companies. Chaired by Syed Mustafa Mehmood, the committee convened to examine the allocation, utilization, and transparency of CSR funds within the oil and gas sector. During the briefing, the Secretary of the Ministry of Energy (Petroleum Division) explained that various Petroleum Policies from 1994 to 2012 require E&P companies to…

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