Day: November 8, 2024

National grid under pressure after consumers switching to solar energy: experts

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solar-panels

ISLAMABAD, NOV 8 (DNA): Consumers switching to self-generated power, especially solar energy, has put Pakistan’s national energy infrastructure under growing pressure, endangering the grid’s long-term sustainability and stability, experts said. Event tickets At the Sustainable Development Policy Institute’s (SDPI) annual plenary on Thursday, experts encouraged policymakers to create a comprehensive plan that strikes a balance between the expansion of renewable energy sources and grid reliability. CEO of Attock Refinery and Attock Gen Limited Adil Khattak said Pakistan’s move to renewable energy is hampered by systemic inefficiencies, even though the country…

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Pakistan again requests China to finalize $1bn loan for Karachi-Hyderabad rail project

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Karachi-Hyderabad rail project

Pakistan has renewed its request for China to hold a critical financing committee meeting to negotiate a nearly $1 billion loan for the Karachi-Hyderabad segment of the long-delayed Mainline-I (ML-I) railway project, a key component of the China-Pakistan Economic Corridor (CPEC). The Express Tribune reported that the Pakistani embassy in Beijing issued the request last week, marking the second appeal in the past year for a fifth joint financing committee session on the ML-I.  Officials from Pakistan’s Ministry of Railways briefed the National Assembly Standing Committee on Planning about the situation,…

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Govt announces power relief package for winter

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Power-sector

The Power Division on Friday announced a power relief scheme — called the “Bijli Sahulat” package — offering reduced electricity rates to consumers to encourage electricity use during the low-demand winter season. On Thursday, the division also announced on X that the Nati­­onal Electric Power Regu­latory Authority (Nepra) notified an Rs1.28 per unit decrease in electricity charges due to the adjustment of fuel prices in September. Meanwhile, in September, Nepra allowed an Rs1.743 per unit increase in electricity rates across the country for three months — Sept to Nov — to provide Rs43.23 billion…

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Global Solar Capacity Surpasses 2 Terawatts, Paving Path to Climate Goals

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SOLAR-POWER

LONDON, (Reuters) –The global solar industry has achieved a new milestone, reaching 2 terawatts (TW) of installed capacity, with more solar power added in the past two years than in the previous 68 combined, according to exclusive data shared by the Global Solar Council. This updated figure, which includes often-overlooked small rooftop installations, offers the most comprehensive view of solar deployment to date. With this 2 TW capacity milestone, enough solar energy is now generated globally to power around 92 million U.S. households, the Council reported. Sonia Dunlop, CEO of…

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Qatar Defers 5 LNG Shipments to 2026, Easing Pakistan’s Supply Surplus

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LNG

ISLAMABAD: In a relief measure for Pakistan’s energy sector, Qatar has agreed to postpone five LNG shipments from 2025 to 2026, addressing Pakistan’s current oversupply situation. This deferral, secured under a flexible clause within Pakistan’s two government-to-government (G2G) agreements with Qatar, follows a request made by Prime Minister Shehbaz Sharif during his recent visit to Doha, confirmed a senior Ministry of Energy official. Pakistan has been experiencing an LNG surplus, with gas consumption dropping sharply, impacting the national pipeline network. The reduced demand, due to slowed GDP growth and decreased…

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