Swiss Ambassador to Pakistan Georg Steiner inaugurates Nestlé Pakistan’s 2.5MW solar power plant near Multan spread over 4.8 acres and completed with an investment of PKR 480 million LAHORE: Nestlé reaffirms its commitment to Pakistan’s vision for renewable energy with investment of PKR 2 billion in renewable power and sustainability initiatives. In a first, Nestlé Pakistan inaugurated a 2.5 megawatt…
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December 12, 2023: The Implementation Committee on Diamer Basha and Mohmand Dams (ICDBMD), constituted by the Honourable Supreme Court of Pakistan, reviewed progress on both the projects in its meeting held at ICDBMD Secretariat Islamabad. The meeting presided over by Pakistan Water and Power Development Authority (WAPDA)/ ICDBMD Chairman Engr Lt Gen Sajjad Ghani (Retd), was attended by Chief Secretary…
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Ningbo, China, 6 December 2023 — Ginlong (Solis), a leading photovoltaic (PV) inverter manufacturer and the world’s third-largest player (Stock code: 300763.S.Z), proudly announces its prestigious inclusion in the “GlocalIN Top 50 Technology Faces of Chinese Global Enterprises” corporate map. MIT Technology Review China, DeepTech, and LinkedIn China have collaboratively unveiled the “GlocalIN Top 50 Technology Faces of China’s Global…
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ISLAMABAD: Sui Southern Gas Company Limited (SSGC) has sought an increase in average prescribed price by Rs 226.18 per mmbtu and Rs 48.80 per mmbtu for estimated RLNG cost of service with effect from July 1, 2023. In its petition for review of its estimated Revenue Requirement/Prescribed price for fiscal year 2023-24, the SSGC has projected a shortfall in revenue…
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ISLAMABAD: The government has decided to establish a specialised tribunal to resolve disputes expeditiously between industry and investors aimed at facilitating them onsite, well-informed sources told Business Recorder. The decision was taken at the first meeting of the working group, constituted by the SIFC in its sixth Executive Committee meeting held on October 24, 2023 under the chairmanship of Minister…
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ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq has described the energy sector as a nightmare for the country because government produces costly electricity and sells it at subsidised rate. He also underlined the need to bring about improvement in the taxation system. While talking to participants at the 12th National Balochistan Workshop, the caretaker prime minister said that there is a serious…
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SSGC initiates investigation, terminates employment contract ISLAMABAD: Sui Southern Gas Company (SSGC) has hired a company secretary who allegedly committed fraud in a private company earlier, leading to his termination from services. As the matter came to light, the disgruntled employees of SSGC, a public gas utility, wrote a letter along with relevant proof to company Board Chairperson Shamshad Akhtar…
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ISLAMABAD: The electricity distribution companies (Discos) operating under the Power Division on Tuesday conceded billing discrepancies highlighted by the power regulator Nepra in a recent inquiry report but downplayed the extent of the wrongdoings happening to consumers and attributed its veracity to the natural, human and technical factors. The “initial response” released by the Power Division comes days after it…
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