Category: Latest News

ISLAMABAD: The National Electric Power Regulatory Authority has penalized two state-owned power sector entities with a combined fine of Rs85 million for lapses that led to over Rs35 billion in additional fuel costs for consumers within a single month, along with contributing to system inefficiencies and a nationwide power breakdown. Under the decision, the National Grid Company has been fined Rs75 million, while the Central Power Purchasing Agency faces a Rs10 million penalty. Both organizations have been directed to deposit the fines within 15 days. The penalties follow a three-year…

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ISLAMABAD: The National Electric Power Regulatory Authority has imposed a total fine of Rs85 million on two state-run power sector entities for actions that led to over Rs35 billion in additional fuel costs for consumers in a single month, alongside contributing to system inefficiencies and a major power breakdown. The regulator fined the National Grid Company Rs75 million and the Central Power Purchasing Agency Rs10 million, following a legal process spanning nearly three years. Both entities have been directed to deposit the penalties within 15 days. The case stems from…

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ISLAMABAD: In a major policy shift, the federal government has withdrawn blanket fuel subsidies, triggering an unprecedented surge in petroleum prices—42.7% for petrol and 55% for high-speed diesel (HSD)—amid escalating global oil volatility linked to the US-Israel war on Iran. With immediate effect, petrol prices have risen by Rs137.23 per litre to Rs458.41, while HSD has increased by Rs184.49 per litre to Rs520.35. Kerosene prices also climbed by Rs34.08 per litre to Rs457.80. To manage the price shock, the government adjusted petroleum levies—raising petrol levy to Rs160 per litre from…

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St. Louis, Missouri: Roeslein Renewables has announced that its Founder and Board Chairman, Rudi Roeslein, has been honored with the prestigious Excellence in Bioenergy Award at the International Biomass Conference & Expo 2026. In addition to receiving the award, he delivered a keynote address at the conference, held on April 1 at the Gaylord Opryland Resort & Convention Center in Nashville, Tennessee. The award, presented by BBI International and Biomass Magazine, recognizes decades of leadership by Roeslein in renewable energy development, conservation, and industrial innovation. He was honored alongside Alicia…

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Abu Dhabi, United Arab Emirates: The global renewable energy sector demonstrated remarkable resilience in 2025, with total installed capacity reaching 5,149 GW following an unprecedented addition of 692 GW—a 15.5% annual increase, according to the latest Renewable Capacity Statistics 2026 released by the International Renewable Energy Agency. The report highlights that renewables accounted for a dominant 85.6% share of total global capacity expansion, further cementing their position as the backbone of future energy systems, while non-renewable additions continued to decline in relative significance. Amid escalating geopolitical tensions, particularly in the…

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