Category: Highlights

‘Take or Pay’ provision in SPAs: OMAP concerned over proposed clause by Ogra

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solar energy

PESHAWAR: The Khyber Pakhtunkhwa government has practically launched its flagship project “Solarization of Houses” aimed at providing free and subsidized solar energy solutions to households across the province. Chief Minister Ali Amin Khan Gandapur formally inaugurated the initiative at a special ceremony held at the Chief Minister’s House in Peshawar. The event was attended by provincial cabinet members, members of the provincial assembly, government officials, and media representatives. Under the first phase of the project, 32,500 households will receive free solar units, including solar panels, batteries, fans, lights, and other…

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Oil steady as tariff uncertainty keeps investors on edge

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oil price

LONDON: Oil prices held steady on Monday as concern over the impact of U.S. tariff uncertainty and rising output from OPEC+ producers pressured prices while potential sanctions on Iranian oil exports provided some support. Brent crude rose by 10 cents to $70.46 a barrel by 1057 GMT. U.S. West Texas Intermediate crude was at $67.14, also up 10 cents. Last week marked WTI’s seventh consecutive weekly loss, the longest losing streak since November 2023, while Brent fell for a third consecutive week. U.S. President Donald Trump’s protectionist policies have roiled…

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Ontario imposes 25% surcharge on electricity exports to US

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Power-sector

OTTAWA: The Canadian province of Ontario is imposing a 25% surcharge on electricity exports to New York state, Michigan and Minnesota to protest against U.S. President Donald Trump’s tariffs on Canada, Premier Doug Ford said on Monday. “President Trump’s tariffs are a disaster for the U.S. economy. They’re making life more expensive for American families and businesses,” Ford said in a statement. “Until the threat of tariffs is gone for good, Ontario won’t back down. We’ll stand strong, use every tool in our toolkit and do whatever it takes to…

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KE launches Energy Progress-Innovation Challenge

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power sector

EU Report KARACHI: Committed to fostering creativity, innovation, and localisation in the energy sector, K-Electric has launched Energy Progress & Innovation Challenge (EPIC) 2025. Building on the resounding success of its pioneering 7/11+ Innovation Challenge introduced in 2022, EPIC will unite entrepreneurs, academia, researchers, and think tanks to develop cutting-edge solutions for the energy industry. Innovators may address K-Electric’s predefined challenge statements or propose their own transformational ideas. This year’s EPIC Challenge spotlights carefully deliberated themes that align with regulatory priorities and key customer challenges, including “Tamper-proof PMT-based load-shedding solutions”…

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NPCC warns of lower hydel generation

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NPCC

EU Report ISLAMABAD: The National Power Control Centre (NPCC) has warned that hydel generation this summer will be lower than last year due to reduced water and snow availability, leading to increased reliance on expensive RLNG-fired electricity. This information was shared by an NPCC representative during a public hearing at NEPRA regarding the negative Fuel Charges Adjustment (FCA) request submitted by the Central Power Purchasing Agency-Guaranteed (CPPA-G) for January 2025. CPPA-G has requested a negative adjustment of Rs 2.003/kWh to be applied in March 2025, replacing the current negative FCA…

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