Author: Admin

CHICAGO: Surging electricity demand from artificial intelligence (AI) data centres is forcing the United States to rely increasingly on ageing, polluting “peaker” power plants, reversing years of progress toward retiring fossil-fuel-based generation. In Chicago’s Pilsen neighbourhood, the oil-fired Fisk power plant — once slated for retirement in 2026 — will now continue operating after power prices soared in the PJM Interconnection, the country’s largest electricity market. Demand from data centres has outpaced available supply, making rarely used peaker plants suddenly profitable. “We believe there’s an economic case to keep them…

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ISLAMABAD: The government has sought complete details of working capital facilities availed by M/s Halmore Power Generation Company Limited since 2010, including the total amount sanctioned or utilised, the purpose of the facilities and particulars of any lien or security interest created, sources close to the Registrar NEPRA told Business Recorder. The move follows directions from the Prime Minister’s Office to the Power Division and the Attorney General for Pakistan to act proactively to safeguard the government’s interests in international arbitration initiated by Halmore Power before the London Court of…

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ISLAMABAD: The National Assembly Standing Committee on Energy (Power Division) has raised serious concern over non-payment of electricity bills by the Sindh government’s irrigation and power departments, with outstanding dues totalling around Rs724 million, resulting in financial losses for power distribution companies in the province. According to an official statement issued on Wednesday, the committee directed the chief executive officers of Sukkur Electric Supply Company (SEPCO) and Hyderabad Electric Supply Company (HESCO), along with the secretaries of finance, irrigation and power departments of the Sindh government, to jointly reconcile the…

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