Category: Shortcode

IMF sets conditions for power bill relief

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power-bills

ISLAMABAD: The International Monetary Fund (IMF) has urged the caretaker government to improve its power generation system in order to provide relief to Pakistani consumers, while demanding that the government withdraw the subsidy it is providing on gas being supplied to captive power plants (CPPs). The IMF made this demand during its talks with the Ministry of Finance and the Ministry of Power with regard to providing some relief to the power consumers who are under extreme burden since a phenomenal rise in power bills in July. According to sources…

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Ministries, institutions haven’t paid hefty power bills

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power-sector

ISLAMABAD: The federal government has intensified its efforts to combat power theft, but it turns out that several of its own ministries and departments owe substantial sums to the Islamabad Electric Supply Company (Iesco), amounting to a staggering Rs71.52 billion. Notably, the largest portion of this debt, Rs60.7 billion, is attributed to the Azad Jammu and Kashmir (AJ&K) government. Curiously, there are five power supply points, or transmission lines, serving the AJ&K, and three of these points account for over Rs60 billion in unpaid dues. Among these, the losses incurred…

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Old Jamshoro grid station infrastructure faces operational challenges

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NEPRA

ISLAMABAD: The Jamshoro grid station, a pivotal component of Pakistan’s power network, confronts a range of obstacles jeopardising its operational efficiency and dependability. The System Need Assessment report, commissioned at the direction of Nepra (National Electric Power Regulatory Authority) in July 2023, was submitted by the National Power Control Center (NPCC). The NPCC is part of the National Transmission and Dispatch Company (NTDC) and serves as the Power System Operator. The report noted that despite its critical role in the power grid, the Jamshoro grid station faces significant congestion issues…

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Britain’s Wind Power Capacity Overtakes Gas For The First Time

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Wind-Power

Britain has now installed more wind capacity than any other type of power source, with wind power capacity overtaking combined-cycle gas power stations for the first time and ending more than a century of fossil fuels dominating the electricity system, a new report prepared for power group Drax showed on Wednesday.    As of June 2023, Britain’s fleet of wind farms reached 27.9 gigawatts (GW) of capacity, exceeding the gas-powered stations total capacity of 27.7 GW, according to the study prepared by experts from Imperial College London and the University of Sussex for the…

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China’s Solar Boom: Capacity Set To Hit 1 TW By 2026

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China-Solar

Investment in solar PV construction hit ~$15.8 billion in the first half of 2023, outpacing other power generation sources. Despite land constraints in coastal regions, provinces like Henan and Shandong lead in distributed solar PV installations, with the nation halfway through its five-year solar installation target. China’s solar sector is set to break records in the coming years . When installed capacity crosses the 500 gigawatts (GW) mark by the end of 2023, it will have taken 13 years to reach that milestone. That total, however, will be doubled to…

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