Author: Admin

Pakistan’s Green Presidency targets 42.5% energy cut at Aiwan-e-Sadr: President

Admin

December 18, 2023 (MLN): The Green Presidency of Pakistan is a flagship initiative that is expected to lead to a 42.5% reduction in energy usage at Aiwan-e-Sadr, equivalent to a decrease of 3,144 tonnes of greenhouse gases or the planting of 142,090 mature trees, the president, Arif Alvi said while addressing an event at Aiwan-e-Sadr. The president highlighted that transitioning to renewable energy sources, improving energy efficiency, and reforestation are key to curb the adverse impacts on the planet’s climate and ecosystems. He said the modern world with changing priorities and…

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3rd International Conference will be held on Pakistan Hydropower on Dec 20th

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hydropower

Islamabad: Islamabad is gearing up to host the 3rd International Conference on Pakistan Hydropower, a global gathering of energy experts organized by The Energy Update in collaboration with the Private Power Infrastructure Board (PPIB) and the International Hydropower Association (IHA). Scheduled for December 20, the conference carries the theme “Hydropower: A Renewable Energy Source for a Sustainable Future,” promising pivotal discussions that could shape the trajectory of clean and sustainable power in the region, according to Chairman of the Organization Committee, Naeem Qureshi.Qureshi emphasized that the conference is not merely…

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MoST all set to disband PCRET

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solar-energy

ISLAMABAD: The Ministry of Science and Technology (MoST) has prepared a plan to abolish Pakistan Council of Renewable Energy Technologies (PCRET) as an entity and transfer all its assets, budget and resources to National University of Sciences and Technology (NUST), official sources told Business Recorder. Sharing the details sources said in pursuance of the decision of the 5th meeting of the Apex-Committee of the Special Investment Facilitation Council (SIFC) held on September 8-9, 2023, the Ministry of Science & Technology (MoST) is working to chalk out a strategy to revamp or…

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Economic Coordination Committee okays roadmap to settle issues with KE

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free-power

ISLAMABAD: With over Rs400 billion in government claims and Rs210bn in counterclaims from K-Electric, the Economic Coordination Committee (ECC) of the Cabinet approved a roadmap for settling long-standing issues with Karachi-based integrated private utility, including additional power supply from the national grid, 10-year future generation commitments by KE, and financial settlements through mediation. The single-point meeting of the ECC, presided over by Caretaker Finance Minister Dr Shamshad Akhtar, allowed the signing of a power purchase agency agreement (PPAA), interconnection agreement (ICA), tariff differential subsidy agreement (TDA) and mediation agreement as recommended in…

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Investments must reflect COP28 outcome: International Energy Agency

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Cop28-23

PARIS: Energy investments should be informed by the COP28 agreement to accelerate the move away from fossil fuels this decade, the head of the International Energy Agency (IEA) said on Friday. “After COP28, governments, companies, investors, need to tell the people around the world what actions they are taking to move the world away from fossil fuels,” Executive Director Fatih Birol told Reuters. Earlier this week at the climate summit in Dubai, governments agreed to transition away from fossil fuels to avert the worst of climate change. Countries are increasingly “making…

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