ISLAMABAD: A Chinese electric car manufacturing company has announced establishing an electric vehicle (EV) plant in Pakistan and chain of showrooms in major cities of the country. This announcement was made by a delegation of XinjianJingyi Cheng Group, led by its assistant chairman GU Xongquan, during a meeting with FPCCI Vice President Amin Ullah Baig here on Thursday. Mr Baig,…
Read More
Report says most countries are not on track to even meet emissions targets by 2030 LONDON: Global investment of $2.7 trillion a year is needed to achieve net zero emissions by 2050 and avoid temperatures from rising above 1.5 degrees Celsius this century, a report by consultancy Wood Mackenzie said on Thursday. Scientists have said the world ideally needs to…
Read More
Interim Minister for Energy, Muhammad Ali says increase in gas rates ahead of winter was inevitable to contain the gas-sector circular debt ISLAMABAD: Petroleum Division has re-submitted a summary for upto 50 percent raise in gas sale prices to the interim cabinet in-line with the demand of the International Monetary Fund (IMF), an official of Petroleum Division told Business Recorder on condition…
Read More
ISLAMABAD: The Private Power Infrastructure Board (PPIB) has sought revision in indexation/adjustment formula, taking into account the one-time adjustment of 20 percent of the bid tariff at Commercial Operation Date (COD) for exchange rate variation, well-informed sources told Business Recorder. The PPIB, in a letter to the National Electric Power Regulatory Authority (NEPRA) has cited reference of correspondence of NEPRA’s of…
Read More
Risen Announces the signing of Distributor appointment and new sales agreement with AGN Solar for supply for 50MW of its high efficiency modules . AGN Solar is specialized distributor of Renewable Energy Products and Tier 1 Equipment such as Solar Panels , Inverters and batteries that create solar energy in Pakistan and middle east . The agreement includes 90,000PV modules…
Read More
ISLAMABAD – In response to the recent baseless allegations of gas theft by Sui Northern Gas Pipeline Limited (SNGPL), Jazz, Pakistan’s largest digital operator, has served the gas company with a Rs 10 billion defamation notice. Categorically refuting SNGPL’s false claims of gas theft at a Karak (KP) site, the telecom company has served a legal notice to SNGPL. Jazz…
Read More
Ambassador of Denmark H.E. Jakob Linulf held a meeting with Minister of Energy Mr. Muhammed Ali today at Power Division. The agenda of the meeting was opportunities for Green energy initiatives and energy conservation in Pakistan. The discussion of projects and initiatives being carried out under the Danish Energy Transition Initiative (DETI) and Investment Fund(IFU) ,a fund for Developing countries…
Read More
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…
Read More
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,…
Read More
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…
Read More
