Author: Admin

Pakistan’s sugar maker to install 200KW solar power plant

Admin
solar energy

Tariq Corporation Limited (TCORP), engaged in the manufacturing of sugar and its by-products, has become the latest company to adopt renewable energy, as it announced plans to set up a 200KW solar power system at its facility. The listed company shared the development in its notice to the Pakistan Stock Exchange (PSX) on Monday. “We are pleased to inform you that Tariq Corporation Limited (TCORP) has decided to install a 200 KW solar power system, reinforcing its commitment to improve sustainability and operational efficiency. “It is expected to significantly reduce…

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PPIB Seeks Sindh Govt’s Intervention in UEPL Lease Payment DelayPending Bank Challans Hindering Second-Term Land Lease Rental Payment

Admin
Power genration

ISLAMABAD: The Private Power and Infrastructure Board (PPIB) has urged Chief Secretary Sindh to intervene in the delayed issuance of bank challans required for the second-term land lease rental payment of UEP Wind Power Private Limited (UEPL). In a letter to the Chief Secretary, PPIB Managing Director Shah Jahan Mirza referenced UEPL’s February 27, 2025, request, highlighting prolonged delays despite multiple follow-ups with relevant authorities. UEPL, a *99MW wind power project under the China-Pakistan Economic Corridor (CPEC) framework, signed an *Energy Purchase Agreement (EPA) with the Central Power Purchasing Agency…

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KE Blames Power Division for Delays in Thar Coal Power Project Oversight Committee’s Reconstitution Yet to Be Notified, Hindering Progress

Admin
Power-Division1

ISLAMABAD: K-Electric (KE) has pointed towards the Power Division’s inaction as a key factor behind potential delays in the *conversion of the Jamshoro Power Plant to Thar coal, despite KE having a consultant onboard for the *Bankable Feasibility Study (BFS). While KE has completed its part by hiring a consultant *selected by the Power Division’s committee, the *lack of an official notification for the reconstitution of the oversight committee is stalling progress. In response to a *March 12, 2025, inquiry from the Power Division, KE CEO *Syed Moonis Abdullah Alvi…

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IMF Rejects Government’s Plan to Cut Power Tariffs

Admin
New-IMF1

ISLAMABAD: The International Monetary Fund (IMF) has blocked the government’s proposed reduction in electricity tariffs, delaying the staff-level agreement (SLA) on the first biannual review of the $7 billion Extended Fund Facility (EFF). Media reports suggested that Prime Minister Shehbaz Sharif was expected to announce an Rs8 per unit reduction in electricity rates during his March 23 address to the nation. However, no such relief package was mentioned in his Pakistan Day speech. Instead, he chaired a high-level meeting on the power sector to address last-minute hurdles. The meeting was…

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Rooftop Solar Boom Sparks Controversy Over Net-Metering Reforms

Admin
solar energy

Karachi: The federal government had no choice but to revise Pakistan’s Net-Metering regime, as an unchecked surge in on-grid rooftop solar power installations could have severely impacted the national grid. This was the consensus among energy experts at a webinar titled “Net-Metering Debate: Facts vs. Claims”, organized by Energy Update in collaboration with the Pakistan Solar Association (PSA) and the Renewable Energy Association of Pakistan. Experts emphasized that amending the Net-Metering framework was crucial for maintaining the financial viability of the system introduced to purchase clean energy from consumers with…

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