Category: Highlights

Turkey Increases Fuel Tax by 6% Amid Inflation Control Efforts

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Fuel-Tax

ANKARA: Turkey has raised its special consumption tax on fuel by 6%, according to a presidential decree published in the Official Gazette on Tuesday. The move comes as the government aims to manage inflation while maintaining fiscal stability. The tax adjustment, implemented every six months based on the producer price index (PPI), reflects a cumulative five-month PPI increase of 7.12%. Despite the hike, Finance Minister Mehmet Simsek assured that recent tax measures on fuel and tobacco are designed not to affect Turkey’s inflation goals for 2025. Fuel taxes often impact…

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NEPRA Highlights Persistent Challenges in Pakistan’s Power Sector

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New-NEPRA

ISLAMABAD: The State of the Industry Report 2024, released by the National Electric Power Regulatory Authority (NEPRA), reveals critical inefficiencies in Pakistan’s power sector, exacerbating high electricity costs and impacting consumers nationwide. Despite an installed generation capacity of 45,888 MW, underutilization remains a significant issue, with only 33.88% utilization recorded for FY 2023-24. Consumers bear the financial burden of 66.12% unutilized capacity, leading to elevated tariffs. NEPRA underscores the urgent need for operational reforms, particularly in addressing transmission and distribution losses, which climbed to 18.31%, far exceeding the allowed 11.77%.…

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UAE Envoy Highlights Vast Opportunities for Cooperation in Renewable Energy Sector

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Renewable-energy

LAHORE: United Arab Emirates (UAE) Ambassador to Pakistan, Hamad Obaid Al Zaabi, emphasized the immense potential for collaboration between Pakistan and the UAE in the renewable energy sector. During a meeting with Punjab Governor Sardar Saleem Haider Khan at the Governor House, the two leaders discussed avenues for enhancing bilateral ties, particularly in economic and energy sectors. Ambassador Al Zaabi highlighted the UAE embassy’s efforts to address visa-related challenges, an issue also raised by Governor Haider, who expressed concern over the difficulties faced by Pakistani citizens, especially students, in obtaining…

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Jimmy Carter’s Visionary Leadership: The Birth of NREL and a Legacy of Solar Innovation

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Jimmy-Carter

The staff of the National Renewable Energy Laboratory (NREL) owes a lasting debt to former U.S. President Jimmy Carter, who passed away on December 29, 2024. “President Carter was a visionary and a man of science who realized the potential of solar power and renewable energy,” NREL Director Martin Keller said. “The Solar Energy Research Institute (SERI) began under his leadership, and his visit to SERI on a rainy Sun Day validated the importance of our research. His legacy lives on in our mission.” NREL, originally known as SERI, was…

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China Approves Construction of “Super Dam” on the Brahmaputra River, Leaving India Concerned

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Super-Dam

China has approved the construction of a “Super Dam” on the Brahmaputra River, a project poised to dwarf the Three Gorges Dam in power generation capacity. This mega-dam will reportedly produce an astonishing 300 billion kilowatt-hours of electricity annually—three times more than the output of the Three Gorges Dam. The Yarlung Zangbo River, as it is known in Tibet, becomes the Brahmaputra River as it descends from the eastern edge of the Tibetan Plateau. The site of the planned dam is a natural drop where the river plunges two kilometers…

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