Category: Highlights

Seminar on net metering, distributed generation policies Well-off power consumers having rooftop solar systems be permitted to donate excess electricity to charitable causes in Pakistan

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Hopewind-Group

Karachi: Well-off consumers with rooftop solar systems should have the opportunity to donate excess clean energy to charitable causes, benefiting deserving segments of society. Moin M Fudda, former managing director of the Karachi Stock Exchange and ex-chairman of Central Depository Company of Pakistan, suggested this to the government regarding the potential revision in net metering policy in the country. Fudda, a prominent figure in the Pakistani and foreign insurance industry, made these remarks at a seminar on net metering and distributed generation policies organized by Hopewind. He emphasized that incorporating…

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Previous flawed decisions hampering improvement in power sector?

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CPEC-IPPs

ISLAMABAD: Pakistan’s power sector has shown little, if any, sign of improvement in decades due to the irreversibility of past flawed decisions including contracts signed under the umbrella of the China Pakistan Economic Corridor (CPEC) that favour the Independent Power Producers (IPPs), coupled with the policy of net metering allowed for solarisation thereby overburdening the remaining consumers through ever rising tariffs to meet full cost recovery objectives specified by multilateral lenders including International Monetary Fund (IMF), World Bank (WB) and Asian Development Bank (ABD). In addition, informed sources told this…

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Gandapur, Centre to ‘jointly address’ K-P power woes

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KP-power

ISLAMABAD: Khyber-Pakhtunkhwa Chief Minister Ali Amin Gandapur on Sunday met with Interior Minister Mohsin Naqvi and Federal Energy Minister Awais Ahmad Khan Leghari wherein they agreed to jointly address the various issues being faced by the province including prolonged power outages. According to a statement issued by the interior ministry, they exchanged views on the prevailing situation in K-P. It added that important progress was made on electricity load shedding and other issues. The participants of the meeting decided to meet again on Monday (today). The K-P CM is in…

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PPL Signs Joint Venture Agreement with FWO in Mining Sector

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mining-sector

Pakistan Petroleum Limited (PPL) has signed a Joint Venture Agreement with Degan Exploration Works (DEW), a wholly owned subsidiary of Frontier Works Organization (FWO), to explore and develop mineral resources in the EL-207 Block located in District Chagai, Balochistan. This initiative is a key component of PPL’s strategy to diversify into the mining sector and strengthen its presence in Balochistan.

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Oil and Gas Conference Pakistan (OGCP-2024) Set for May 29th

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Oil-Gas

Islamabad: The highly anticipated Oil and Gas Conference Pakistan (OGCP-2024) is set to take place on May 29th at the Serena Hotel in Islamabad. The event, organized by Energy Update in collaboration with Ministry of Energy (Petroleum Division) and Oil and Gas Regulatory Authority (OGRA) promises to be a landmark gathering for Pakistan’s energy sector. Mr. M. Naeem Qureshi, Chairman of the Organizing Committee, provided a detailed briefing on the event, emphasizing its significance in shaping the future of the industry. Keynote speakers, panelists, and distinguished guests at OGCEP-2024 will…

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