Day: May 20, 2026

TOKYO: Japan’s largest oil refiner ENEOS Corporation has successfully demonstrated a new synthetic fuel that can potentially replace conventional petrol and diesel, marking a significant step toward cleaner energy alternatives. The fuel is produced using carbon dioxide captured directly from the air and hydrogen extracted from water, forming a carbon-recycling process aimed at reducing dependence on fossil fuels and cutting emissions. According to the company, the project is currently in the testing phase, but if approved and scaled up, it could offer a cost-effective alternative to traditional fuels in energy-importing…

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LAHORE: Consumers in Punjab using up to 200 units of electricity per month will now be required to complete a digital verification process to continue receiving government electricity subsidy, under a new initiative aimed at improving transparency and preventing misuse of the relief system. According to officials, the Power Division has decided to include a QR code on electricity bills, making it mandatory for consumers to verify their personal and billing details digitally. The move is intended to ensure that subsidies are only extended to genuinely eligible households. Authorities said…

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LAHORE: The Water and Power Development Authority (Wapda) announced on Monday that its hydropower generation exceeded 6,000 megawatts during peak hours on Sunday night following increased water releases by the Indus River System Authority (Irsa). In a statement, Water and Power Development Authority said its hydel power stations supplied 6,118MW electricity to the national grid during peak demand hours after receiving a higher water indent from Indus River System Authority. According to the breakdown provided by Wapda, the Tarbela Dam Hydel Power Station generated 2,332MW, while the Tarbela 4th Extension…

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WASHINGTON: Pakistan is among the countries that could benefit from a new temporary licence issued by the United States allowing selected energy-importing nations to access Russian oil, diplomatic sources told Dawn. The US Department of the Treasury has introduced a 30-day general licence aimed at easing immediate supply pressures in global crude oil markets and supporting energy-vulnerable countries facing fuel shortages and rising costs. Diplomatic sources said the arrangement may also apply to Pakistan, although they cautioned that Islamabad may face challenges in fully utilising the concession due to limited…

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ISLAMABAD: Pakistan has allocated nearly 35 percent of the proceeds raised through its inaugural domestic Green Sukuk toward climate-resilient infrastructure projects, with major investments directed to water storage and renewable energy initiatives. According to the Ministry of Finance’s “Domestic Green Sukuk Allocation & Impact Report FY2025-26,” the government has so far utilised Rs11.256 billion out of the Rs32 billion raised through the three-year Variable Rental Rate (VRR) GOP Ijarah Green Sukuk launched under Pakistan’s Sustainable Investment Sukuk Framework. The report stated that the remaining Rs20.744 billion would be allocated within…

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