Category: Shortcode

Government Faces Dilemma Over Massive Solar System Installations

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solar-panel

ISLAMABAD: The federal government is caught in a quandary regarding the widespread installation of solar systems nationwide. Bureaucracy warns that solarisation could be disastrous for the existing power sector, while politicians in high offices are skeptical of this view. Interactions with bureaucrats and officials close to politicians reveal that net metering, or solarisation, has become a contentious issue in Islamabad. Bureaucrats are advocating for the ‘Australian Mode’ of net metering and proposing measures to curb its growth, such as reducing buyback rates. A proposal being considered by Prime Minister Shehbaz…

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Solar Investment Surpasses All Other Power Sources: IEA

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solar-energy

The International Energy Agency (IEA) reported that global investment in clean energy is set to hit $2 trillion this year, with solar power leading the charge. According to the IEA’s annual World Energy Investment report, investments in solar energy are expected to reach half a trillion dollars, outpacing all other electricity sources combined. “Clean energy investment is setting new records even in challenging economic conditions, highlighting the momentum behind the new global energy economy,” said Fatih Birol, IEA Executive Director. This year marks the first time that combined investment in…

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Oil Industry Protests Against Railways’ Diesel Tender Favoring Imports

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oil and gas

ISLAMABAD: The oil industry has raised objections against Pakistan Railways’ tender specifications, which effectively exclude high-speed diesel (HSD) from local refineries and favor imported products, incurring significant foreign exchange costs. Adil Khattak, Chairman of the Oil Companies Advisory Council (OCAC) and CEO of Attock Refinery Ltd, has formally lodged a complaint with the government regarding the tender for HSD procurement. The tender specifications, contested by various oil marketing companies (OMCs), demand a minimum flash point of 66 degrees Celsius, suitable only for imported HSD. Local refineries, however, produce HSD with…

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Neelum Jhelum Hydropower Project to Remain Closed for Additional Two Years

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Neelum-Jhelum

The Neelum Jhelum Hydropower Project (NJHPP), with a capacity of 969 MW, has been completely shut down for over two months. Despite this, the root cause of the problem has not yet been identified. According to a report by Dawn newspaper, officials familiar with the situation have stated that the issue appears to be more significant than initially anticipated. The 500 billion PKR project, located near Muzaffarabad in Azad Kashmir, might remain closed for another 18 to 24 months. They indicated that the decrease in the Head Race Tunnel (HRT)…

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STDC to Sign Agreements with Companies for Transmission of 600 MW Power from Private Sector

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Nasir-Hussain

Karachi: Sindh Energy Minister Syed Nasir Hussain Shah chaired a meeting of the Sindh Transmission and Dispatch Company (STDC) board at the Energy Department’s committee room. The meeting ratified the decisions of the previous session and introduced several new significant resolutions. During the meeting, it was decided that an MoU would be approved with Go Energy Private Limited, which aims to establish a 500 MW floating solar power project at Keenjhar Lake. This project intends to connect with the K-Electric grid at Dhabeji Grid Station via STDC’s transmission line. Furthermore,…

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