Author: Admin

Bonn/Kyiv: Marking the 40th anniversary of the Chernobyl disaster, the World Wind Energy Association has emphasized that the world is steadily transitioning toward renewable energy, driven by lessons learned from past nuclear catastrophes and growing energy security concerns. On April 26, 1986, a reactor explosion at the Chernobyl nuclear power plant released massive amounts of radioactive material across Europe, causing widespread environmental contamination and long-term health impacts. The scale of the disaster was initially concealed by Soviet authorities, with its full extent only emerging weeks later. Decades on, the site…

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Lahore: Midea Hiconics has announced a strategic move to strengthen its presence in Pakistan’s renewable energy market, unveiling advanced solar solutions and signing a key distribution agreement with MIA Group at Solar Pakistan 2026. Exhibiting at Booth A-3-8, the energy division of Midea Group showcased a range of next-generation products specifically tailored to address Pakistan’s evolving energy needs and grid challenges. Among the highlights were the PowerX1 Hybrid Inverters, designed for intelligent energy management by seamlessly integrating solar, battery, and grid sources to ensure stable and uninterrupted power supply. The…

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Islamabad: Federal Minister for Petroleum, Ali Pervaiz Malik, has clarified that the recent revision in the diesel pricing formula was not made under any pressure, but resulted from a “voluntary” agreement between the Petroleum Division and local refineries. Speaking on the development, the minister said the interim pricing formula was devised after thorough consultations with a research team. He emphasized that the move is part of broader efforts to upgrade Pakistan’s refining sector and gradually transition towards full deregulation. Malik highlighted that the revised formula aims to ensure fair and…

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Islamabad: The National Electric Power Regulatory Authority (NEPRA) has approved the Distribution Investment Plan (DIP) 2025–30 of Gujranwala Electric Power Company (GEPCO), introducing annual and mid-term “reopener” provisions to ensure flexibility and need-based investment decisions amid evolving power sector dynamics. During the hearing, GEPCO maintained that the proposed privatization of power distribution companies (DISCOs), including itself, remains a policy matter within the government’s domain. The utility stated that the DIP has been developed on a “going concern” basis, following prudent planning principles and established practices both locally and internationally. The…

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Islamabad: The government has constituted two high-level committees following the emergence of a massive Rs120 billion solar panel over-invoicing scandal, as concerns grow over financial irregularities and governance failures within the system. According to official details, a seven-member monitoring committee has been established under the leadership of Secretary Establishment Division Nabil Awan. This committee will oversee the overall progress and coordination of the inquiry process. In parallel, a second committee has been formed to supervise investigation and prosecution efforts, headed by Director General Customs Intelligence, Rubab Sikandar. This body will…

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