Author: Admin

Senate Panel Approves IMF-Backed Grid Levy Bill for Captive Power Plants

Admin
Power-Plants

ISLAMABAD, May 16 – The Senate Standing Committee on Finance and Revenue on Thursday unanimously approved the Captive Power Plants Levy Bill 2025, granting legal cover to a controversial grid levy imposed on natural gas and RLNG supplies to industrial captive power plants (CPPs), effective from March 7. The bill, introduced at the behest of the International Monetary Fund (IMF), is part of Pakistan’s commitments under the \$7 billion Extended Fund Facility (EFF). It aims to encourage industrial CPPs to shift to the national electricity grid, reduce excess power capacity…

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NIMA and ISSI Host Groundbreaking International Seminar on Deep-Sea Mining in Islamabad

Admin
New-Project21

Islamabad, May 2025 – The National Institute of Maritime Affairs (NIMA), in collaboration with the Institute of Strategic Studies Islamabad (ISSI), convened its maiden international seminar titled “Deep-Sea Mining: Prospects & The Global Conservation Imperatives”, drawing over 200 participants including policymakers, scientists, environmentalists, industry leaders, and students. The high-level forum sparked vital discourse on striking a balance between the economic potential of deep-sea resource extraction and the urgent need to protect delicate marine ecosystems. Opening the event, Vice Admiral Ahmed Saeed, President of NIMA, underscored the ocean’s dual role as…

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Trinasolar Unveils Next-Gen Energy Storage and Ultra-Durable Solar Modules at Solar & Storage Live Philippines 2025

Admin
Trina-solar

Manila, Philippines – May 16, 2025: Trina Storage, the energy storage division of global solar leader Trinasolar, is set to debut its cutting-edge Elementa 2 Pro 5MWh Battery Energy Storage System (BESS) at *Solar & Storage Live Philippines 2025, taking place from May 19–20 at the *SMX Convention Center in Manila. As the Philippines pushes toward its 35% renewable energy target by 2030, the demand for robust, efficient energy storage is rising to ensure grid stability and energy security. The new Elementa 2 Pro builds on the success of its…

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Govt’s Rs4 Trillion Power Sector Savings Revised Down to Rs2–2.5 Trillion, Nepra Informed

Admin
Power-Division

ISLAMABAD, May 16 – Government claims of achieving Rs4 trillion in power sector savings through revised contracts with Independent Power Producers (IPPs) and government-owned power plants have now been scaled down to Rs2–2.5 trillion, officials revealed during a public hearing held by the National Electric Power Regulatory Authority (Nepra) on Thursday. The hearing, chaired by Nepra Chairman Waseem Mukhtar, was convened on the Central Power Purchasing Agency’s (CPPA) request to approve the Power Purchase Price (PPP) — the base electricity tariff — for the upcoming fiscal year. CPPA’s Naveed Qaiser…

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Diesel Price Slashed by Rs2, Petrol Unchanged as Govt Raises Freight Margin to Offset Industry Losses

Admin
Asia-diesel

ISLAMABAD, May 16 – In a late-night announcement, the government reduced the price of high-speed diesel (HSD) by Rs2 per litre to Rs254.64 for the current fortnight ending May 31, while keeping the petrol price unchanged at Rs252.63 per litre. This marks the third time in two months that the government has not fully passed on the impact of declining global oil prices to consumers. The move comes alongside a hike in the Inland Freight Equalisation Margin (IFEM) on both petrol and diesel, aimed at recovering Rs34 billion in industry…

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