Author: Admin

“China’s New Renewable Energy Pricing: A Step Towards a Coal-Free Future?”

Admin
Renewable-Energy

China has announced a major reform in its renewable energy pricing mechanism, shifting from a coal-linked pricing system to competitive auctions. This change is expected to lower the price of renewable electricity and promote the growth of wind and solar power. However, the success of this policy depends on careful design and implementation. The new pricing mechanism, similar to the Contract for Difference (CfD) system used in the UK, will see renewable energy generators bid against each other to supply electricity to the grid at a fixed “strike price.” The…

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“Pakistan’s Power Sector Struggles with Low Capacity Utilization Despite Reforms”

Admin
Wind-Power

Despite recent reforms, Pakistan’s power sector continues to face significant challenges, including underutilization of generation capacity, inefficiencies, and rising costs. According to a report by the Pakistan Credit Rating Agency (Pacra), the country’s installed power generation capacity reached 45,888 megawatts (MW) in FY24, but only 33.9% of this capacity was utilized. The report highlights several key issues, including: To address these challenges, the government is focusing on expanding renewable energy sources, particularly solar power, and promoting indigenous energy sources, such as hydropower and Thar coal. The report forecasts a significant…

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“SSGC Improves RLNG Supply for Sehri and Iftar, but at a Cost to Industries”

Admin
OGRA-GAS

The Sui Southern Gas Company (SSGC) has taken steps to ensure uninterrupted gas supplies to households during sehri and iftar, but this move comes at a cost to industrial consumers in Karachi, upper Sindh, and Balochistan. The company has introduced an additional 20mmcfd of imported gas into its system, which is costlier than indigenous gas. According to SSGC’s Deputy Managing Director (DMD), Operations, Syed Muhammad Saeed Rizvi, domestic consumers will not bear the additional cost, which is the difference between the imported gas price and the tariff of indigenous gas…

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ECC Slashes Buyback Rate to Rs10/Unit, Amends Net-Metering Regulations

Admin
Solar-Project-2

Pakistan’s Economic Coordination Committee (ECC) has approved amendments to the existing net-metering regulations, reducing the buyback tariff to Rs10 per unit. This decision aims to alleviate the growing financial burden on grid consumers, which has increased significantly due to the rising number of solar net-metering consumers ¹. The revised framework will not apply to existing net-metered consumers with valid licenses or agreements, ensuring their rights and obligations remain unchanged. The ECC also approved an update to the settlement mechanism, treating imported and exported units separately for billing purposes ¹. The…

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Pakistan Plans to Grow Economic and Tech with China

Admin
china pakistan

Under CPEC Phase II, Pakistan Aims for Deeper Economic and Technological Partnerships with China BEIJING APP: According to Ambassador to China Khalil Hashmi, Pakistan is looking to expand its collaboration with China in important domains including Economic and Tech and innovation within the context of the second phase of the China-Pakistan Economic Corridor (CPEC). Ambassador Hashmi recently discussed the main points of China’s yearly “Two Sessions,” a significant political gathering where the Chinese government sets its goals and strategic course, in an interview with China Economic Net. He emphasized China’s…

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