Net Metering’s Unseen Consequences

Solar-Panels

Seeking Equity in Renewable Energy Transition By Asim Javed  The National Electric Power Regulatory Authority (NEPRA) implemented Distributed Generation and Net Metering Regulations in September 2015, which enable consumers to connect photovoltaic systems to the grid. The objective of these regulations was to encourage the use of renewable solar energy and to allow consumers to lower their electricity bills by…

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NFEH, Energy Update’s joint visit to SECMC

AEEA-NFEH

Empowering Thar: Sustainable Coal Mining and Community Welfare In a notable initiative underscoring the growing emphasis on sustainable development, a joint team from the National Forum for Environment and Health (NFEH) and Energy Update recently visited District Tharparkar in Sindh province.  Hosted by the Sindh Engro Coal Mining Company (SECMC), the visit centered around Pakistan’s largest open-pit coal mining site, located in…

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Oil prices steady ahead of OPEC report, China stimulus limit gains

oil prices

Oil prices were little changed on Tuesday, awaiting further price direction from OPEC’s monthly report, while investor disappointment over China’s latest stimulus plan and oversupply concerns limited gains. Brent crude futures rose 38 cents, or 0.5%, to $72.21 a barrel, by 0944 GMT. U.S. West Texas Intermediate crude futures were up 36 cents, or 0.5% at $68.40 a barrel. “In…

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Bitcoin nears a record $90,000

bitcoin

Global stocks came under pressure on Tuesday from investor concern about U.S. President-elect Donald Trump’s policies, while bitcoin neared a record $90,000 as traders piled into assets they believe could benefit from the new administration. Investors have been funneling cash into assets they think will get a boost from Trump’s second four-year term in office, in which he has vowed…

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Gold price per tola falls massive Rs7,000 in Pakistan

gold price

Gold prices in Pakistan saw a massive decrease on Tuesday in line with their drop in the international rates. In the local market, the price of gold per tola lost Rs7,000, clocking in at Rs270,500. Similarly, 10-gram gold was sold at Rs231,911 after it recorded a decrease of Rs6,000, according to rates shared by the All-Pakistan Gems and Jewelers Sarafa Association…

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Petroleum Division Misses SIFC Deadline to Address Refinery Challenges

Petrol-Diesel

ISLAMABAD: The Petroleum Division failed to meet the November 10 deadline set by the Special Investment Facilitation Council (SIFC) to resolve critical issues faced by Pakistan’s oil refineries, a delay that may hinder progress on plant upgrade agreements outlined in the 2023 Brownfield Refinery Policy, sources revealed. In a November 3 SIFC working group meeting, oil refineries expressed concerns regarding…

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Power Division Seeks ECC Approval for Riali-II Hydropower Project Security Package

Hydropower

ISLAMABAD: The Power Division is set to present a summary to the Economic Coordination Committee (ECC) for approval of the security package documents for the 7.08 MW Riali-II Hydropower Project under the Power Generation Policy, 2015. The Finance Division advised that the Power Division should ensure the documents align with the policy, without imposing additional obligations or guarantees. The 7.08…

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Nepra to Sue DISCOs Over Rs276bn Circular Debt Due to T&D Losses

NEPRA-Office

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has announced plans to take legal action against Distribution Companies (DISCOs) for contributing Rs276 billion to the circular debt through increased Transmission and Distribution (T&D) losses in FY 2023-24. This move follows a Circular Debt report for June 2024, reviewed by Nepra. The report reveals that DISCOs’ T&D losses rose to 18.31%…

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POL Sales See 2% Rise; Exports to Europe Up by 16%

oil-discovery

Pakistan’s petroleum product sales and daily oil and gas production recorded a 2% increase during the first four months of the current fiscal year, with POL sales reaching 5.18 million tons from July to October. Data from Petroleum Information Services indicated that the average daily crude oil production for the week ending October 31 stood at 65,582 barrels, up from…

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