Author: Admin

Will 18% GST on net metering slow down Pakistan’s solar boom?

Admin
18% GST on net metering

In a key development on the renewable energy front, the Federal Tax Ombudsman (FTO) ordered that solar net metering consumers in Pakistan pay an 18% sales tax. The decision was made after discovering a significant revenue loss of approximately Rs9.8 billion, as reported by Business Recorder on Tuesday. Under the ruling, the sales tax will be applied to the total amount of electricity supplied by power distribution companies (DISCOs), without considering the net metering arrangement. This means that consumers will be taxed on the full amount of electricity they receive, not just the…

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Pakistani, Chinese firms sign strategic pact for EVMs in Pakistan

Admin
Electric-Car

Shanghai Launch Automotive Technology Co., Ltd. (LAUNCH) and Yousuf Dewan Companies (YDC) who are pioneer electric vehicle assembly company in Pakistan, have officially signed a Memorandum of Understanding (MoU) in Beijing.Pakistani cuisine recipes  This agreement marks a significant step in bringing advanced electric vehicle (EV) technology to Pakistan and promoting sustainable mobility solutions in the region.  In the signing ceremony, Khan Muhammad Wazir, Science Councilor, and Idrees Gigi, Director Projects of YDC along with senior officials from LAUNCH marked the official commencement of this exciting partnership.  The two sides thanked…

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KAPCO’s power plant to remain in system till 2027

Admin
Power-Plants

Pakistan’s power producer Kot Addu Power Company Limited (KAPCO) on Tuesday informed that the National Electric Power Regulatory Authority (NEPRA) has approved the inclusion of its power plant in the Power Acquisition Plan (2023-2027) for distribution companies. The IPP disclosed the development in its notice to the Pakistan Stock Exchange (PSX). KAPCO stated that progress has been made on the renewal of the company’s Power Purchase Agreement (PPA) following negotiations with the National Task Force on Implementation of Structural Reforms (Power Sector). “Due to system requirements, the NEPRA has already…

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Mari energies announces major gas and condensate discovery in Waziristan block

Admin
Mari energies

Mari Energies Limited, a key player in Pakistan’s energy exploration sector, has announced a significant gas and condensate discovery at the Spinwam-1 exploratory well in the Waziristan Block, located in North Waziristan District, Khyber Pakhtunkhwa Province. This discovery marks a major breakthrough in the region’s hydrocarbon potential and could bolster Pakistan’s efforts to reduce its energy deficit. Spinwam-1, the second exploratory well in the Waziristan Block, was spudded on May 28, 2024, and drilled to a total depth of 4,400 meters. Initial testing of the Samanasuk Formation has yielded promising…

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Solar energy in Pakistan: A boon or burden

Admin
solar energy

Over the past decade, solar energy has transformed from a niche alternative to a mainstream energy source in Pakistan. With an estimated 22 gigawatts of solar panels imported in 2024 alone, Pakistan has emerged as one of the most promising solar markets in the Asia-Pacific region. The rapid adoption of rooftop solar, declining costs, and favorable sunlight conditions have propelled the country toward renewable energy. However, the transition has also triggered significant challenges for the national grid and policymakers, raising critical questions about the sustainability of this shift. The soaring…

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