Category: Highlights

China’s first PV power plant was built in Gansu Province in 1983 and has been operating continuously for the past 39 years, way beyond the standard life cycle of 25 years. So, what are the secrets behind the plant’s reliability and operational longevity? Across May and June, industry professionals debated PV product reliability in three consecutive live streamed events, themed ‘PV, to make friends with time.’ The experts involved agreed that, while a PV power plant is an asset capable of generating consistent income, associated risk can only be reduced…

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Not far away is a solar panel powering the small appliance that is indispensable for many in summer. Solar panels, each with a cost of about Rs120,000, are more commonly seen inhis village. “Many households in our village have solar panel, especially for air conditioning in summer. As more Chinese companies are providing solar panels to Pakistan, the problem of electricity shortage is greatly alleviated,” he told China Economic Net (CEN). In Pakistan, the insufficiency of power, which leads to surging electricity tariff and foreign exchange expenditure on imported energy,…

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The Power Division has reportedly held National Electric Regulatory Authority (Nepra) responsible for addition of Rs 500 billion to the circular debt flow in FY 2021-22 totaling Rs 850 billion due to delay in notifications for rebasing of Rs 7.91 per unit and Quarterly Tariff Adjustment (QTA) determination. Background interaction with officials dealing with the financial issues of power sector indicates that the Power Division was expecting growth of Rs350 billion in flow of circular debt during FY 2021-22 subject to systematic actions by the power regulator. However, delays in…

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The Ministry of Economic Affairs has reportedly declared four power sector projects worth $2.3 billion problematic and directed the Power Division and its attached organizations to expedite implementation of the projects. This was the crux of the third follow-up meeting of National Coordination Committee (NCC) of Federal Energy Sector (EES) held in the Ministry of Economic Affairs, which reviewed progress made on its decisions taken on November 5, 2022, February 25, 2021 and May 26, 2021 meetings The meeting was attended by Special Assistant to Prime Minister, Additional Secretary, (Power…

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As mentioned in the last post, the huge break in energy prices between the US and the rest of the world could explain the extreme dollar strength we have seen this year. Part of the problem I have with that is that the corollary of that trade is energy exporters should see a boost from the improved terms of trade. Australia is one of the biggest LNG exporters in the world, and it has not seen any currency appreciation. There is another way of looking at currency markets that would…

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