Author: Admin

India, Saudi Arabia sign MoU for green hydrogen supply chain, power grid interconnection

Admin
IND-SAR

New Delhi: Nearly a month after signing the energy cooperation pact which spoke about power grid interconnectivity, India and Saudi Arabia have signed a memorandum of understanding (MoU) for green hydrogen supply chain and power grid interconnection. The MoU was signed on Sunday in Riyadh, Saudi Arabia by union minister for power and new & renewable energy RK Singh and the minister of energy, Saudi Arabia, Abdulaziz bin Salman Al-Saud on the sidelines of the MENA Climate Week 2023. “This MoU aims to establish a general framework for cooperation between…

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Govt drops electricity bomb on Karachiites

Admin
electricity-bomb

ISLAMABAD: Karachi residents will have to pay increased electricity bills as the National Electric Power Regulatory Authority (Nepra) has decided to hike the power tariff by Rs4.45 per unit for K-Electric (KE) consumers, it emerged on Friday. The decision to increase the rates of electricity, according to a  Power Division notification, was made in the first quarterly adjustment of the last financial year. Meanwhile, additional collections from the consumers of KE will be applied to the October and November 2023 bills, the notification read. Meanwhile, in response to a request by…

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K-Electric has its way after tribunal rules against Nepra

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circular-debt-K-electric-ceo

ISLAMABAD: In a rare development, the National Electric Power Regulatory Authority (Nepra) had to surrender to a legal stance of K-Electric that it had rejected twice in the past involving over Rs1.44 billion financial cost to be charged to KE consumers at the rate of about 33 paise per unit. Nepra had acceded to the KE’s position following speaking orders of an appellant tribunal (AT) led by retired Justice Mujahid Mustaqeem Ahmed against the regulator’s earlier judgements of September 2021 and May 2022. This is perhaps the first publicly known…

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Solar energy should be encouraged to avoid expensive electricity

Admin
mian-Zahid

Soft loans should be given to people for the adoption of solar energy Decisions should be made for people instead of energy traders: Mian Zahid Hussain Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said on Friday that due to line losses, capacity payments, and thefts, electricity is becoming more expensive. Forcing people to avoid alternatives and use expensive electricity is a violation of their fundamental rights, so this process should be stopped, he…

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