Author: Admin

Government to Remove Duties on Solar PV Manufacturing Equipment

Admin
solar-panel

ISLAMABAD: The government is likely to eliminate duties on the import of plant, machinery, equipment, and raw materials used in the manufacturing of solar PV panels in the 2024-25 budget, according to well-informed sources from Business Recorder. The Managing Director of the Private Power Infrastructure Board (PPIB) highlighted that while the Fifth Schedule of the Customs Act, 1969 exempts customs duty on solar PV systems (including PV modules, charge controllers, inverters, and batteries), industrial entities importing machinery and equipment for local solar PV panel manufacturing face varying customs duties, supplementary…

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KE Warns Sindh Government of Imminent Power Outages Over Unpaid Dues

Admin
NEPRA-KE

ISLAMABAD: Karachi Electric (KE) has issued a stern warning to the federal and Sindh governments regarding potential widespread power outages and disconnections in Karachi if the provincial government fails to settle Rs 9 billion in reconciled bills. These funds are crucial for system improvements, according to well-informed sources. This urgent message was communicated to top political and public office holders in Islamabad and Karachi just days before the National Electric Power Regulatory Authority (Nepra) issued a notification concerning KE’s request for provisional monthly Fuel Charges Adjustments (FCA) from July 2023…

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Government Faces Dilemma Over Massive Solar System Installations

Admin
solar-panel

ISLAMABAD: The federal government is caught in a quandary regarding the widespread installation of solar systems nationwide. Bureaucracy warns that solarisation could be disastrous for the existing power sector, while politicians in high offices are skeptical of this view. Interactions with bureaucrats and officials close to politicians reveal that net metering, or solarisation, has become a contentious issue in Islamabad. Bureaucrats are advocating for the ‘Australian Mode’ of net metering and proposing measures to curb its growth, such as reducing buyback rates. A proposal being considered by Prime Minister Shehbaz…

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Solar Investment Surpasses All Other Power Sources: IEA

Admin
solar-energy

The International Energy Agency (IEA) reported that global investment in clean energy is set to hit $2 trillion this year, with solar power leading the charge. According to the IEA’s annual World Energy Investment report, investments in solar energy are expected to reach half a trillion dollars, outpacing all other electricity sources combined. “Clean energy investment is setting new records even in challenging economic conditions, highlighting the momentum behind the new global energy economy,” said Fatih Birol, IEA Executive Director. This year marks the first time that combined investment in…

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Oil Industry Protests Against Railways’ Diesel Tender Favoring Imports

Admin
oil and gas

ISLAMABAD: The oil industry has raised objections against Pakistan Railways’ tender specifications, which effectively exclude high-speed diesel (HSD) from local refineries and favor imported products, incurring significant foreign exchange costs. Adil Khattak, Chairman of the Oil Companies Advisory Council (OCAC) and CEO of Attock Refinery Ltd, has formally lodged a complaint with the government regarding the tender for HSD procurement. The tender specifications, contested by various oil marketing companies (OMCs), demand a minimum flash point of 66 degrees Celsius, suitable only for imported HSD. Local refineries, however, produce HSD with…

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