Year: 2024

The Billion-Dollar Race in Clean Energy: How Global Competition is Revolutionizing the Battery Industry

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Battery-Industry

KARACHI: Clean energy is opening new business opportunities worldwide, poised to become the next trillion-dollar industry, while transforming the grid-scale battery sector. The growing demand for affordable, efficient energy storage solutions is driving fierce global competition, especially in the battery market. Sodium-ion batteries, which offer greater safety and lower costs compared to lithium-ion, are emerging as an attractive alternative. China, home to six of the top ten global battery manufacturers, leads this shift with companies like CATL, BYD, and Gotion High-tech dominating production. Other major players include LG ES, Panasonic,…

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Essential Services Law Extended for Power Sector to Prevent Disruptions Amid Restructuring

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power-transmission

ISLAMABAD: The government has extended the application of the Pakistan Essential Services Act to cover all entities involved in the generation, transmission, distribution, and sale of electricity until January 25, 2025. This extension aims to prevent disruptions in power supply due to potential union activities during the ongoing restructuring of state-owned enterprises (SOEs). A notification issued by the Ministry of Interior, at the request of the Power Division, states that the federal government considers employment in Pakistan’s power sector—covering Distribution Companies (Discos), Generation Companies (Gencos), and the National Transmission and…

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New Petrol, Diesel Prices in Pakistan from September 16

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petrol-price

Petrol and Diesel rates have been slashed as the federal government passed on relief of global oil prices to people for second half of September 2024. Oil & Gas Regulatory Authority (OGRA) has adjusted the consumer prices of petroleum products based on recent international market price fluctuations. The revised prices, effective from 16th September 2024. Petrol Price in Pakistan Products Old Price New Price  Difference MS (Petrol) Rs. 259.10 Rs. 249.10 – Rs. 10.00 High Speed Diesel  Rs. 262.75 Rs. 249.69 – Rs. 13.06 Kerosene (SKO) Rs. 169.62 Rs. 158.47 – Rs. 11.15…

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CPEC Agreement Between Gwadar and Turkmenbashi Ports to Boost Pakistan’s Logistics Industry, SLGL Set to Benefit

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CPEC-new

The MOU between Gwadar and Turkmenbashi ports under CPEC is set to positively impact Secure Logistics Group (SLGL) and boost Pakistan’s logistics industry by opening new trade routes between Pakistan and Central Asia. With its recently acquired TIR license, SLGL is well-positioned to expand its logistics services across these regions, particularly in high-revenue long-haul routes. For example, a round trip from Karachi to Tashkent generates PKR 2.3-2.4 million (USD 8,000), nearly double the revenue of two Karachi-Islamabad trips. This agreement could also boost SLGL’s role in regional trade, benefiting from…

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Nepra Fines Gepco Rs10 Million for Neglecting Pole Earthing Standards

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NEPRA

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has fined the Gujranwala Electric Power Company (Gepco) Rs10 million for failing to meet earthing and grounding requirements for its high-tension and low-tension poles and structures. The penalty follows Gepco’s unsatisfactory response to a show-cause notice during a hearing on May 13, 2024. Nepra criticised Gepco’s delayed approach, highlighting fatalities caused by current leakages from ungrounded steel structures. The regulatory body ordered Gepco to ground all remaining steel structures within three months and complete the grounding of PCC poles within a year,…

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