Category: Shortcode

Hopewind launched hopeCloud 4.0 to revolutionize future energy management

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New-Project

Hopewind announced the launch of hopeCloud 4.0, a cutting-edge energy management platform that harnesses the power of cloud computing and big data technology. With an array of distinctive features, this latest version is set to revolutionize the future of energy management.  A comprehensive and powerful digital platform ecology As a leading renewable energy solutions provider, Hopewind provides comprehensive energy solutions that include power generation, power consumption, power quality and power management, combing cloud platforms, edge intelligence hardware and control platforms into a powerful digital platform ecology, aiming to offer one-…

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Provinces Refuse to Share Subsidised LNG Costs, Rs17 Billion Burden Shifted to Domestic Consumers

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Pakistan-LNG

The caretaker government has decided to burden domestic consumers with Rs17 billion in costs as provinces decline to bear the expense of subsidised liquefied natural gas (LNG) supplied to two fertiliser plants. Provinces are insisting on full recovery of LNG costs from farmers, leading to this decision. The Petroleum Division estimates that continuing the supply of re-gasified LNG at Rs1,239 per million British thermal units (mmbtu) from January to March 2024 will result in a financial implication of Rs17 billion due to the tariff differential with the notified RLNG price,…

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Experts Advocate for Renewable Energy and Grid Modernization in Pakistan

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SDPI-logo

A webinar organized by the Sustainable Development Policy Institute (SDPI) brought experts together to discuss the future of renewable energy in Pakistan. Titled “Emerging Trends in Pakistan’s Renewable Energy Sector: Charting the Agenda for 2030 and Beyond,” the event emphasized the necessity of integrating renewable energy into the country’s energy mix while addressing grid modernization and local manufacturing constraints. Key points from the webinar include: Speakers stressed the importance of renewable energy in combating climate change and achieving a stable and sustainable energy ecosystem. K-Electric outlined its investment plan, aiming…

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Independent Committee Confirms Power Firms’ Overbilling, Shifts Blame to PDM Government and Regulatory Authority

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PDM-Government

An independent inquiry committee, formed to investigate allegations of illegal overbilling by power distribution companies (Discos) in Pakistan, has confirmed the accusations made by the power regulator. However, the committee absolved the Discos of deliberate and malicious intent, attributing the overcharging partly to decisions made by the previous coalition government led by the PDM (Pakistan Democratic Movement) and the hasty actions of the National Electric Power Regulatory Authority (Nepra). Led by former federal secretary Irfan Ali, the committee comprised members with experience in the Power Division. Their 37-page report criticized…

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Fuel Prices Expected to Increase by Up to Rs4 per Litre

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petroleum-group

ISLAMABAD: Anticipated adjustments in international prices, import premiums, and exchange rates are likely to result in an increase of Rs1-4 per litre for petrol and high-speed diesel (HSD) on Thursday (February 29) for the upcoming fortnight. Sources familiar with the matter indicate that minor fluctuations, ranging from 10 to 50 cents per barrel, were observed in the prices of petrol and HSD in the international market over the past two weeks. Additionally, the Pakistan State Oil (PSO) faced higher import premiums for petrol. Consequently, petrol prices are projected to rise…

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