ISLAMABAD: To bolster sustainable industrial growth, the government plans to revamp the electricity supply framework for Special Economic Zones (SEZs) under the China-Pakistan Economic Corridor (CPEC). The revised mechanism aims to ensure a reliable power supply, addressing longstanding challenges faced by SEZs. Under the proposal, SEZs will be allowed to sign Power Purchase Agreements (PPAs) with distribution companies (DISCOs) to meet their peak electricity demands for an initial five-year term, extendable upon mutual agreement. SEZs will remain within the service territory of the respective DISCOs, with the developers signing operation…
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Huawei Unveils Top 10 Trends of FusionSolar 2025: Shaping the Future of Renewable Energy
Huawei Digital Power hosted the Top 10 Trends of FusionSolar Launch 2025 under the theme “Integrated Innovation for an Intelligent Future, Accelerating PV to Become the Main Energy Source.” Steven Zhou, President of Smart PV & ESS Product Line at Huawei Digital Power, introduced the trends and a supporting white paper aimed at advancing the PV and energy storage industry. Highlighting favorable renewable energy policies in 2024, Zhou emphasized the positive trajectory for 2025, driven by the global energy transition. Huawei, a pivotal force in this shift, shared its insights…
Read MoreNepra Announces Refunds for Power Consumers; Probes Delays in Lahore North Line
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved negative Fuel Cost Adjustments (FCA) for January’s bills, offering relief to power consumers of ex-Wapda distribution companies (Discos) and K-Electric (KE). The refunds include a 76-paisa per unit adjustment for Discos’ consumers and a 49-paisa per unit adjustment for KE’s consumers. The adjustments were based on power consumption in November for Discos and October for KE. Nepra increased the refunds beyond the amounts initially proposed by the utilities, enhancing the refund for Discos from 63 paise to 76 paise per…
Read MoreHistoric Surge in Electricity Tariffs During PM Shehbaz Sharif’s Tenure
Electricity tariffs in Pakistan reached unprecedented levels during Prime Minister Shehbaz Sharif’s tenure, with an increase of PKR 25.76 per unit over two and a half years, including a permanent surcharge. According to private TV reports, this marks the highest tariff hike under any Pakistani prime minister. Details reveal a historic PKR 22.53 per unit hike in the base tariff during the tenure, alongside a permanent surcharge of PKR 3.23 per unit. Combined, these charges resulted in an unprecedented rise in electricity costs for consumers. Over the two-and-a-half-year period, the…
Read More1st Pakistani trade delegation will visit Bangladesh this week President FPCCI
35 businessmen will meet with Chief Advisor BD Mohammad Younus and other high profile officials Karachi: Mr. Atif Ikram Sheikh, President FPCCI, has apprised that FPCCI is taking a prominent multi-sectoral exporters’ delegation to Bangladesh this week to strive for a breakthrough in economic, commercial and trade relations between the two countries. The delegation is looking forward to meet Dr. Muhammad Yunus, Chief Advisor to the interim government of Bangladesh and Sheikh Bashir Uddin, commerce advisor to the interim government, he added. Mr. Atif Ikram Sheikh stressed that the business,…
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