Category: News & Announcement

LAHORE: Federal Minister for Industries and Production Hammad Azhar on Friday said the government as part of its efforts to revive the pandemic-hit economy was developing a comprehensive strategy for restoring activities of Special Economic Zones (SEZs), especially Allama Iqbal Industrial City, in consultation with stakeholders. Azhar said this during a meeting with Mian Kashif Ashfaq, chairman Faisalabad Industrial Estate Development and Management Company (FIEDMC) who called on the minister at his office. He said the federal government was also working on revival of textile industry and despite the huge…

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PESHAWAR: The Khyber Pakhtunkhwa government has approved the establishment of its first-ever ‘Khyber Pakhtunkhwa Transmission & Grid Company (KPTGC)’ to address the issues being faced in the provincial power distribution system. After the establishment of its own transmission and distribution network, the province would be able to distribute energy in an efficient manner. This landmark decision was made during provincial cabinet’s meeting held recently under the chairmanship of KP Chief Minister Mehmood Khan. Adviser to CM on Energy Himayatullah Khan was also present on the occasion. In his media statement, Adviser…

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ISLAMABAD: Independent Power Producers (IPPs) have done postmortem of the report of nine-member committee headed by ex-SECP chairman Muhammad Ali on power sector declaring its recommendations as against the spirit of power policies that the governments offered and the power purchase agreements (PPAs). The IPPs also termed many of the recommendations as ones suggesting putting cart before the horse. The IPPs also highlighted glaring mistakes in the calculations of excessive profits and return in the report, saying that in a number of cases, the stated accounts in the report do…

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A new report from the International Renewable Energy Agency (IRENA) show that, to save the planet, a massive transformation of the world’s energy system will need to occur, in which a large-scale shift to renewables and new carbon-free fuels is accompanied by a precipitous decline of hydrocarbons. The report gives solid numbers on what the world will look like in 2050 if the goals of the Paris Climate Accord are achieved. In Global Renewables Outlook 2050, the Abu Dhabi-based agency builds on its earlier Global Energy Transformation: A Roadmap to…

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Australia’s electricity grid operator wants the power to remotely switch off or constrain the output of new rooftop solar systems, as it finds ways to manage South Australia’s world-leading levels of “invisible and uncontrolled” solar output. Other states and territories will be encouraged to adopt a similar approach. While the use of batteries might help the market operator avoid powering down household rooftop systems, it describes the ability to remotely control panels as an essential “back-stop”. AEMO’s managing director Audrey Ziebelman says the study makes clear that the current approaches…

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