Category: Shortcode

KE Blames Power Division for Delays in Thar Coal Power Project Oversight Committee’s Reconstitution Yet to Be Notified, Hindering Progress

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Power-Division1

ISLAMABAD: K-Electric (KE) has pointed towards the Power Division’s inaction as a key factor behind potential delays in the *conversion of the Jamshoro Power Plant to Thar coal, despite KE having a consultant onboard for the *Bankable Feasibility Study (BFS). While KE has completed its part by hiring a consultant *selected by the Power Division’s committee, the *lack of an official notification for the reconstitution of the oversight committee is stalling progress. In response to a *March 12, 2025, inquiry from the Power Division, KE CEO *Syed Moonis Abdullah Alvi…

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IMF Rejects Government’s Plan to Cut Power Tariffs

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ISLAMABAD: The International Monetary Fund (IMF) has blocked the government’s proposed reduction in electricity tariffs, delaying the staff-level agreement (SLA) on the first biannual review of the $7 billion Extended Fund Facility (EFF). Media reports suggested that Prime Minister Shehbaz Sharif was expected to announce an Rs8 per unit reduction in electricity rates during his March 23 address to the nation. However, no such relief package was mentioned in his Pakistan Day speech. Instead, he chaired a high-level meeting on the power sector to address last-minute hurdles. The meeting was…

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Rooftop Solar Boom Sparks Controversy Over Net-Metering Reforms

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solar energy

Karachi: The federal government had no choice but to revise Pakistan’s Net-Metering regime, as an unchecked surge in on-grid rooftop solar power installations could have severely impacted the national grid. This was the consensus among energy experts at a webinar titled “Net-Metering Debate: Facts vs. Claims”, organized by Energy Update in collaboration with the Pakistan Solar Association (PSA) and the Renewable Energy Association of Pakistan. Experts emphasized that amending the Net-Metering framework was crucial for maintaining the financial viability of the system introduced to purchase clean energy from consumers with…

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Federal Minister for Petroleum Briefs Foreign Ambassadors on Pakistan Minerals Investment Forum 2025

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New-Project52

Pakistan’s Federal Minister for Energy (Petroleum Division), Ali Pervaiz Malik, on Friday briefed foreign ambassadors on the upcoming Pakistan Minerals Investment Forum 2025 (PMIF25) and invited delegates from their respective countries to explore Pakistan’s vast mineral resources and investment opportunities. He encouraged foreign countries to participate in this transformative dialogue shaping the future of Pakistan’s minerals sector.Scheduled to take place on April 8-9, 2025, at the Jinnah Convention Centre, Islamabad, the forum will bring together global ministers, leading corporations, investors, policymakers, and industry experts to explore Pakistan’s mineral potential.Addressing an…

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“Government, World Bank Discuss Power Project to Boost Energy Sector”

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world-bank

The government of Pakistan and the World Bank have held discussions on a power project aimed at strengthening the country’s energy sector. The project’s objective is to increase the reliability and efficiency of Pakistan’s power distribution systems, ultimately benefiting consumers ¹. The World Bank has outlined a six-stage project cycle for the initiative, which includes identification, preparation, appraisal, negotiation/approval, implementation, and completion/validation and evaluation ². This structured approach ensures that the project is thoroughly planned, executed, and monitored to achieve its intended goals. Key aspects of the project include: The…

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