A FESCO worker fixes a line on an electric pole. — APP/File ISLAMABAD: The K-Electric consumers will get a relief of Rs2.98 per unit in June power bills as the National Electric Power Regulatory Authority (Nepra) notified a refund under the provisional monthly fuel charge adjustment (FCA). The power regulatory authority stated in its notification…
The International Monetary Fund (IMF) has raised concerns over Pakistan’s plan to allocate 2,000 megawatts (MW) of electricity for cryptocurrency mining. According to sources, the IMF demanded details on the pricing of cryptocurrency mining power supply. During ongoing budget negotiations for the fiscal year 2025-26, the IMF instructed Pakistan to avoid offering subsidized rates for…
A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken January 8, 2021. — Reuters In a significant move to drive Pakistan’s digital transformation, the government has earmarked 2,000 megawatts (MW) of electricity in the first phase of a national strategy aimed at supporting Bitcoin mining and…
A dramatic demand for electricity, coupled with a rise in costs, could create massive energy challenges for the United States over the next two decades, a new report released Tuesday by ICF found. The global consulting and technology services company predicted that electricity demand could jump at least 25% in the next five years and as…
