Category: Highlights

India’s Hydropower Output Witnesses Steepest Decline in 38 Years

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India-Hydropower

India experienced a significant 16.3% decline in hydroelectricity output, marking the sharpest drop in at least 38 years, according to a Reuters analysis of government data. This decline in hydroelectric generation coincided with a slight decrease in the share of renewables in power generation, a departure from Prime Minister Narendra Modi’s commitments to enhance solar and wind capacity. Renewables accounted for 11.7% of India’s power output in the fiscal year ending in March, down from 11.8% the previous year, based on data from Grid-India. The country’s reliance on coal-fired power…

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Sinotec Solar to Set Up 3GW Solar Panel Plant in Karachi, Pakistan

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solar-panel

In a strategic move to boost Pakistan’s renewable energy sector, Sinotec Solar Private Limited is set to establish a massive three-gigawatt (3GW) solar panel manufacturing plant in Karachi, marking a significant step towards localizing solar panel production and reducing import reliance. The project, facilitated by the Special Investment Facilitation Council (SIFC), also includes plans to support the production of dry batteries and electric-powered trucks, aligning with Pakistan’s green energy ambitions. This initiative is expected to attract substantial foreign direct investment (FDI), create numerous job opportunities, and contribute to socio-economic growth…

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Federal Minister Leads Shift to Local Coal for Cheaper Electricity

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electricity-cheaper

Federal Minister for Energy, Sardar Awais Ahmed Khan Laghari, chaired a meeting focused on transitioning all power plants from imported coal to local coal sources. This initiative aims to reduce electricity costs and benefit consumers across the nation. During the meeting, Minister Laghari emphasized the importance of shifting power plants to locally sourced coal. He highlighted that this move will not only generate cost-effective electricity but also significantly reduce the country’s import bill. The Minister emphasized engaging all stakeholders to chart a comprehensive plan of action for a smooth transition…

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Saudi Fund for Development Backs Hydro Power Projects in AJK

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AJK-Pak

Azad Jammu and Kashmir welcomed a delegation from the Saudi Fund for Development (SFD) as part of the Green Energy Drive, culminating in agreements for financing two Hydro Power Projects in the region. The Saudi delegation, led by the Fund’s CEO, Sultan bin Abdulrahman Al-Marshid, solidified agreements for the Shounter Hydro Project and the Jagran-4 Hydro Project. The Shounter hydro project, with an estimated cost of $66 million, is projected to generate 48 megawatts of electricity, while the Jagran-4 hydro project, costing $41 million, will yield 22 MW of electricity…

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Govt Increases Petrol by Rs9.66, Cuts Diesel Price by Rs3.32

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Petrol-price

The federal government of Pakistan has announced a significant increase in petrol prices by Rs9.66 per litre, bringing the new rate to Rs289.41 per litre, effective from April 01, 2024. In contrast, the price of high-speed diesel (HSD) has been reduced by Rs3.32 per litre to Rs282.24. The decision follows earlier speculation reported by Headline PK regarding a potential hike in petroleum product prices. The recent surge in petrol prices is attributed to a rise in the premium, increasing from $12.15 per barrel to $13.507 per barrel, marking a $1.45 per barrel…

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