Year: 2024

ISLAMABAD: In a decisive move, the Water and Power Development Authority (WAPDA) has lowered the cost of its proposed 300 MW floating solar project to 2.98 cents per unit for 30 years, aligning the initiative with Pakistan’s Indicative Generation Capacity Expansion Plan (IGCEP) for 2024-34. Initially facing uncertainty due to its high costs and potential conflict with IGCEP’s least-cost generation principle, the project has undergone significant revisions. The National Electric Power Regulatory Authority (NEPRA) reviewed WAPDA’s proposal and emphasized adherence to laws prioritizing cost-effective energy solutions. Prime Minister Shehbaz Sharif…

ISLAMABAD: A Senate committee meeting on Thursday saw sharp criticism of the government over the ongoing gas crisis, citing poor coordination and mismanagement as key factors behind an oversupply in some areas and shortages for consumers elsewhere. The Senate Standing Committee on Petroleum, led by Senator Umar Farooq, expressed frustration over delays in addressing critical issues, including the vacant position of Director General for Petroleum Concessions (DGPC). The committee decided to reconvene with the petroleum minister present to ensure accountability. During the meeting, Additional Secretary Petroleum, Momin Agha, revealed that…