Category: Shortcode

Time to Act: Accelerating Renewables for a Sustainable, Reliable, Affordable Energy Future

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K-Electric

Karachi, May 16, 2024: Although Pakistan continues to grapple with its energy challenges, the nation has been actively incorporating renewable energy into its energy strategy. To delve deeper into this critical topic, Nutshell Group hosted the most recent iteration of their webinar series, ‘The Future of Energy’ in collaboration with K-Electric, titled The Trajectory of Renewable Energy in Pakistan. K-Electric’s commitment to renewable energy and its advocacy for renewables in Pakistan have been longstanding. As the largest power distribution company in Pakistan’s major metropolis, K-Electric has consistently demonstrated a forward-thinking…

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No Fixed Tax on Solar Panels: Owais Leghari

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solar-panel

Karachi (TV Report): In the Geo TV program “Aaj Shahzeb Khanzada Ke Saath,” Federal Minister for Power Division Owais Leghari clarified that there are no plans to impose a fixed tax on solar panels. He emphasized that the determination of electricity tariffs for the next year is independent of the IMF’s influence. Leghari expressed a desire for more people to adopt solar energy to reduce the load on the system. Minister Leghari reiterated the government’s commitment to maintaining existing net metering agreements. While he mentioned that the formula for future…

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UAE Introduces 10-Year Blue Visa for Environmental Experts

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Blue-Visa

ABU DHABI: The United Arab Emirates (UAE) has introduced the Blue Visa, a special ten-year residency permit tailored for environmental experts. This initiative, approved by the UAE cabinet, underscores the government’s commitment to environmental conservation. The Blue Visa is aimed at individuals dedicated to environmental improvement through research, advocacy, conservation efforts, and other initiatives. It acknowledges the critical work these professionals do in preserving the natural world. Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister, and Ruler of Dubai, announced the Blue Visa on social media, highlighting…

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PPIB Urges SECMC to Supply Thar Coal to LEPCL

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Thar-Coal

ISLAMABAD: The Private Power & Infrastructure Board (PPIB) has called on Sindh Engro Coal Mining Company (SECMC) to provide a detailed schedule for Phase 3 of the Thar coal project, including key milestones such as financial close and Commercial Operation Date (COD). Additionally, PPIB has requested the supply of local coal to Lucky Electric Power Company Ltd (LEPCL) for its 660-MW coal power project, sources informed Business Recorder. LEPCL’s 660-MW coal power project at Port Qasim, commissioned in March 2022, currently supplies reliable electricity to the national grid. Initially designed…

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PM Directs NEPRA, Power Division to Revise Net Metering Rules

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solar-energy

ISLAMABAD: Prime Minister Shehbaz Sharif has directed the National Electric Power Regulatory Authority (NEPRA) and the Power Division to amend net metering regulations to rationalize buyback rates, sources told Business Recorder. The decision came during a recent meeting on the power sector chaired by the Prime Minister, with top officials from relevant authorities in attendance. The increasing adoption of solar energy by affluent residential, industrial, and commercial consumers has significantly impacted the revenues of Power Division and distribution companies (Discos). The trend of net metering, where solar energy users sell…

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