Pakistan Seeks Chinese Debt Restructuring Amid Rising CPEC Project Payments

CPEC-IPPs

ISLAMABAD: On Thursday, Pakistan formally requested China to reschedule its debts as unpaid dues for China-Pakistan Economic Corridor (CPEC) power projects surged by 44%, reaching Rs401 billion by the end of the last fiscal year. These outstanding payments, violating the 2015 CPEC Energy Framework Agreement, are hampering financial and commercial relations between the two nations. Finance Minister Senator Muhammad Aurangzeb…

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OICCI Members Positively Impact 40m People Across Pakistan Through Their CSR Initiatives

Karachi: Overseas Investors Chamber of Commerce and Industry’s member companies have invested Rs 13 billion in 2022-2023 in local communities, positively impacting 40 million individuals across the country. In collaboration with over 290 social sector organisations, the OICCI members have extended their CSR initiatives to all the four provinces of Pakistan, including Azad Jammu and Kashmir and Gilgit-Baltistan, to build…

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Solar panel world record achieved with ‘miracle material’

A new efficiency world record for converting sunlight into electricity has been set, in what researchers claim is a huge boost for renewable energy. Researchers at Longi, the world’s biggest solar panel manufacturer, achieved a 34.6 per cent power conversion efficiency using a tandem perovskite-silicon solar cell, beating the previous record by 0.7 per cent. The new record is also more than 7 per…

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CETC-Red Solar to Unveil Advanced Photovoltaic Innovations at SNEC 2024

CETC-Red Solar, a leading solar manufacturer in the photovoltaic industry, is set to showcase its cutting-edge smart photovoltaic cells and customized modules, flexible photovoltaic components, Turnkey solution and production lines, and comprehensive EPC services at the much-anticipated SNEC 2024 in Shanghai. Join us from June 13 to June 15, 2024, at Booth D790, Hall 3, located in the prestigious National…

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Govt to Replace 88m Inefficient Fans Under Energy Conservation Campaign

NEECA-Logo

In a significant move to enhance energy efficiency, the federal government has decided to replace 88 million old and inefficient fans across the country. This initiative aims to address the issue of high electricity consumption by outdated fans. The National Energy Efficiency and Conservation Authority (NEECA) has designed a scheme to replace these fans in the first phase. Under this…

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Seminar on net metering, distributed generation policies

Well-off power consumers having rooftop solar systems be permitted to donate excess electricity to charitable causes in Pakistan Karachi: Well-off consumers with rooftop solar systems should have the opportunity to donate excess clean energy to charitable causes, benefiting deserving segments of society. Moin M Fudda, former managing director of the Karachi Stock Exchange and ex-chairman of Central Depository Company of…

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Net Metering to Gross Metering

gross-metering

There are strong rumors that government is in the process of amending rules with respect to roof-top solar power producers. In that reports say that DISCOs will shift from Net Metering to Gross Metering, which is, unlike net-metering, the consumer never utilizes the solar power generated by his installation as all of the power generated via solar panels is exported to the grid. It means that both export and import will be monetized separately each month.

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India asks companies to fire up power plants

power-subsidy

To meet rising electricity demand in hot summer months NEW DELHI: India has asked companies to operate underutilised gas-based power plants in May and June, and extend operations of imported coal-based plants until Oct 15 to meet anticipated high demand for electricity, according to two government orders. The South Asian nation registered an 8% rise in electricity consumption in the…

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