Category: Shortcode

Renewables Competitiveness Accelerates, Despite Cost Inflation

Admin
Global-power

Global power sector saved fuel costs of USD 520 billion last year thanks to renewables, says new IRENA report. Abu Dhabi, United Arab Emirates, 29 August 2023 – The fossil fuel price crisis has accelerated the competitiveness of renewable power. Around 86 per cent (187 gigawatts) of all the newly commissioned renewable capacity in 2022 had lower costs than fossil fuel-fired electricity. Renewable Power Generation Costs in 2022, published by the International Renewable Energy Agency (IRENA) today shows that the renewable power added in 2022 reduced the fuel bill of…

Read More

Cut in Aug, Sept power bills proposed

Admin
power-bills

ISLAMABAD/ PESHAWAR: Top officials of power and financial divisions have tailored some suggestions for immediate relief to masses in the electricity bills, which are to be placed before the federal cabinet meeting on Tuesday (today) with Caretaker Prime Minister Anwaarul Haq Kakar in the chair. All officials are tight-lipped but some insiders told The News that one of the suggestions was that the government might reduce some portion of the electricity bills of August and September to provide some immediate relief, but the impact of the reduced portion would be…

Read More

Wapda security staff stops wearing army-like uniform after GHQ letter

Admin
WAPDA-MoUs

ISLAMABAD: The security staff of Water and Power Development Authority (Wapda) has stopped wearing the army-like uniform after General Headquarters conveyed its concern whereas Federal Investigation Authority (FIA) has started an investigation into the unauthorised purchase of the uniform in bulk without obtaining requisite permission. The Wapda last made headlines in February this year when portraits of Quaid-i-Azam Muhammad Ali Jinnah and Lt Gen (R) Sajjad Ghani, the chairman of Wapda, were displayed together at different offices and project sites of the authority. The notification in this respect was, however,…

Read More

Oil sector faces liquidity crunch, fuel supply at risk

Admin
Oil price

KARACHI: The oil sector is facing a severe liquidity crunch as the rupee’s sharp depreciation has shrunk its credit lines and made it harder to import crude oil and petroleum products, industry sources said on Monday. The sector also fears a possible shortage of fuel in the country if banks do not increase their lending limits for oil imports, which are vital to meet domestic demand. Oil sector companies are approaching the central bank to take action in this regard. Representatives from different companies are meeting with central bank and…

Read More

Senate panel slams independent power producers

Admin
Senate-panel

ISLAMABAD: The Senate Standing Committee on Power on Monday joined public criticism of the “unprecedented electric bills” and directed the Power Division to provide lists of electricity defaulters and outstanding dues to all the distribution companies (Discos). The meeting of the panel presided over by Senator Saifullah Abro discussed the unprecedented electric bills that have led to nationwide protests. On queries, the Power Division officials reported that capacity payment to independent power producers (IPPs) in the current financial year stood at Rs1.3 trillion and dollar-to-rupee conversion rate, imported prices of…

Read More