Category: Highlights

Equitable energy access urged amid solar surge

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solar surge

ISLAMABAD: The rapid growth of rooftop solar systems is transforming Pakistan’s energy landscape but also creating disparities for lower-income electricity consumers who remain dependent on the traditional grid. To address this, ensuring equitable energy access for all consumers is crucial. This concern was the focal point of a session titled “Navigating the Solar Surge: Ensuring Equitable Energy Access in Pakistan’s Power Sector,” hosted by the Institute of Policy Studies (IPS), Islamabad. The session featured insights from IPS Chairman, Khalid Rahman, senior IPS associate, Ameena Sohail, Amreli Steels head of energy…

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Pakistan, China Committed To Expeditious Completion Of CPEC-2: Ishaq Dar

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Ishaq-Dar

Deputy Prime Minister And Foreign Minister Mohammad Ishaq Dar says Pakistan and China are committed to the expeditious completion of CPEC-2. Addressing China’s Development And Global Leadership Conference, Ishaq Qar said CPEC is a gift for Pakistan from China and the mega project has transformed Pakistan’s economy by enhancing infrastructure. He said Pakistan and China have stood with each other in times of peace and disaster and Pakistan aims to expand CPEC to incorporate AI, trade and eco-friendly energy. Dar said China will become super economic power soon after it…

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Aramco Launches First Branded Retail Station in Pakistan

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Branded Retail Station in Pakistan

October 29, 2024 Lahore, Pakistan – Aramco, the world’s leading integrated energy and chemicals company, has inaugurated its first fuel retail station in Pakistan. This milestone follows Aramco’s acquisition of a 40% stake in Gas & Oil Pakistan (GO), a major downstream sector player with over 1,200 nationwide fuel retail stations. Key Highlights Yasser M. Mufti, Aramco’s Executive Vice President of Products & Customers, emphasized: “This launch marks another milestone in Aramco’s downstream growth story, leveraging our global refinery systems for reliable supplies and introducing world-class retail offerings.” Khalid Riaz,…

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NEPRA Rejects Proposed Legal Amendments for Economic Load Management

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Nepra-tariff

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has reportedly dismissed proposed amendments to the NEPRA Act aimed at implementing economic load management, asserting that these changes would contravene existing laws and consumer rights. Sources indicate that the Power Division had submitted a summary seeking specific modifications to the NEPRA Act, including: Defining “load shedding” within the Act as the planned reduction of consumer load due to technical, commercial, or economic factors, with NEPRA’s approval.Allowing the federal government to issue policy guidelines on load shedding due to economic constraints, with…

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Pakistan’s 93 IPPs Generating 22,671 MW Amid Efforts for Power Sector Reforms

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Power project

ISLAMABAD: Federal Minister for Energy (Power Division) Sardar Awais Ahmad Khan Leghari informed the National Assembly that Pakistan currently operates 93 Independent Power Producers (IPPs) with a total power generation capacity of 22,671 MW. In response to MNA Muhammad Atif’s question, Minister Leghari outlined the breakdown, noting 50 IPPs are locally funded, 17 are foreign-funded, and 26 are funded through a mix of local and foreign investments. Highlighting significant financial commitments, the minister disclosed that the government paid Rs428.435 billion in capacity payments during the 2023-24 fiscal year to four…

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