Category: Shortcode

K-Electric Stands Firm on Renewable Goals

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K-Electric

KARACHI: K-Electric (KE) reaffirms its dedication to achieving 30 percent renewable energy by 2030, as outlined in its publicly available plans. The company emphasized its commitment to these targets, which are formulated based on thorough assessments of ground dynamics, available resources, and anticipated demand growth. KE responded to the white paper shared by Renewables First, expressing an inability to provide commentary without a comprehensive review. The paper was only shared with KE last night following repeated requests. Notably, KE highlighted that it was not consulted nor included in the development…

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OGDCL Rolls Out its ESG Policy to Promote Sustainable Practices

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New-OGDCL

ISLAMABAD, March 1, 2024: The Oil and Gas Development Company Limited (OGDCL) has taken a significant stride towards sustainability by announcing its Environmental, Social, and Governance (ESG) policy. In response to the growing demand from investors and stakeholders for transparency and accountability in ESG factors, OGDCL’s Board of Directors released its comprehensive ESG policy statement on February 27, 2024.The OGDCL ESG policy underscores the company’s commitment to environmental stewardship, social responsibility, and effective corporate governance practices. By embracing these principles, OGDCL aims to create shared value for sustainable development. The…

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Indonesian government abolishes net metering

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indonesia

Indonesian government abolishes net metering February 27, 2025 The Indonesian government has ended net metering for rooftop solar installations. The Jakarta-based Institute for Essential Services Reform says this could make it harder for the country to meet its solar deployment targets, as PV installations will become more expensive for households and small businesses. Indonesia’s Ministry of Energy and Mineral Resources (MEMR) has enacted MEMR Regulation No. 2/2024, which abolishes net metering for rooftop PV installations. The country first introduced net metering in November 2018. It allowed solar project owners to export…

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Mercedes has realized the fraud of EVs. That is why they are once again betting on combustion cars

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New-Project

Mercedes-Benz delayed its electrification goal by five years last week, assuring investors that it would continue to work on combustion cars. Mercedes, among other well-known automakers, has raised concerns about the lower-than-expected demand for battery-powered cars. Five years after releasing a prediction in 2021 that stated it would reach the 50% milestone by 2025 with predominantly all-electric cars, the company now projects that sales of electric vehicles (EVs), including hybrids, will make up as much as 50% of the total by 2030. Although suppliers and automakers are placing a lot of money…

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Sindh Government and World Bank to Invest $100m in Renewable Energy Projects

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Renewable-energy

The Sindh government has partnered with the World Bank to initiate renewable energy ventures, aiming to generate approximately 300MW of electricity through solar and wind projects. Mehfooz Qazi, Director of Alternative Energy for the Sindh Government, announced the $100 million investment during a seminar titled ‘Significance of Renewable Energy for Karachi & Export Industry: Cost of Inaction.’ These projects, including solar, wind, and waste-to-energy initiatives, are geared towards environmental preservation and combating natural disasters. Qazi highlighted the importance of such ventures in providing low-cost energy and addressing Pakistan’s inflationary challenges.…

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