Year: 2025

Senator Seeks Accountability for Corruption in World Bank-Funded Grid Station Project

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Power genration

ISLAMABAD: Senator Saifullah Abro, Chairman of the Standing Committee on Economic Affairs, has urged Federal Minister for Power Sardar Awais Leghari to take action against National Transmission and Despatch Company (NTDC) officials over alleged financial irregularities in the World Bank-funded 765kV Grid Station project at Islamabad West (Lot-IV). In a letter to the minister, Senator Abro highlighted serious concerns over the mismanagement of the project, approved at a cost of Rs. 33.6 billion but later inflated to Rs. 35 billion due to the inclusion of Rs. 1.282 billion in taxes,…

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Nepra Criticizes Power Policies for Inflating Consumer Costs

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KE’S- 7-YEAR- INVESTMENT-ROADMAP

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has sharply criticized government power generation policies, identifying overinvestment in peak demand capacity, delays in expanding Thar coal projects, and hindrances to rooftop solar adoption as primary drivers of escalating electricity costs and financial strain on the power sector. In a special report on generation sector challenges, Nepra highlighted the inefficiency of focusing on peak demand generation. It suggested prioritizing rooftop solar solutions, which offer advantages like zero losses and no capacity payments. “Despite an underutilized installed capacity, the Indicative Generation Capacity…

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Norway Leads the EV Revolution: 90% of New Cars Sold in 2024 Fully Electric

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electric-vehicles

OSLO: Nearly nine out of ten new cars sold in Norway in 2024 were fully electric, according to registration data released on Thursday. This achievement brings the country closer to its ambitious goal of exclusively selling electric cars by 2025. Fully electric vehicles (EVs) accounted for 88.9% of new car sales, up from 82.4% in 2023, as reported by the Norwegian Road Federation (OFV). Tesla led the market, followed by Volkswagen and Toyota, while Chinese EVs captured nearly 10% of new car sales. “Norway is on the verge of erasing…

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Senate Proposes EV Charging Units at Fuel Stations to Promote Green Transport

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Pak-China

ISLAMABAD: The Senate Standing Committee on Industries and Production has recommended the installation of electric vehicle (EV) charging units at all fuel stations nationwide to encourage eco-friendly transportation. During the session, committee chairman Senator Aon Abbas raised concerns about the regulatory oversight of renewable energy and new energy technologies. He questioned the mechanisms governing solar panel prices and the factors affecting demand and supply equilibrium. The senator highlighted the unregulated installation of solar panels across the country, emphasizing the need for proper regulation. Officials from the energy ministry informed the…

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Petroleum Product Sales Rise 3% YoY in December 2024, Totaling 1.28 Million Tons

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Petrol-Diesel

KARACHI: Pakistan’s petroleum product sales increased by 3% year-on-year (YoY) to 1.28 million tons in December 2024, driven by reduced petroleum prices, macroeconomic stability, and a decline in smuggling, experts observed. Cumulatively, sales for the first half of FY25 reached 8.0 million tons, a 4% YoY increase compared to 7.7 million tons during the same period last year. Excluding Furnace Oil (FO), December sales stood at 1.2 million tons, reflecting a 7% YoY growth but a 20% month-on-month (MoM) decline. For H1-FY25, Ex-FO sales grew by 8% YoY, reaching 7.7…

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