Pakistan, on Wednesday, deferred the approvals of four key agreements between the government and K-Electric, the country’s largest integrated power distribution company. This decision arose due to objections raised by some members of a cabinet body during a meeting of the Economic Coordination Committee of the Cabinet. The drafts under discussion included the Power Purchase Agency Agreement (PPAA), Interconnection Agreement,…
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Oslo, Islamabad, Singapore, 14 Dec 2023: Telenor Group today announces the sale of its Pakistan telco operations to Pakistan Telecommunications Company Ltd (“PTCL”), which is part of technology and investment group e&. PTCL’s major assets include Ufone, a mobile operator in Pakistan with over 20 million customers.The sale is part of Telenor’s strategy to build scale and market-leading players in…
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The world for the first time on Wednesday approved a call to transition away from fossil fuels as UN negotiations in Dubai tackled the top culprit behind climate change, but at-risk countries said far more action was needed. After 13 days of talks and several sleepless nights in a country built on oil wealth, the Emirati president of the COP28 summit quickly…
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ISLAMABAD: The Private Power and Infrastructure Board (PPIB) — a one-window facility of the federal government — on Wednesday announced the $2 billion financial closing of the country’s largest Thar coal-fired power project, currently operational at Thar, by Shanghai Electric Corporation, China. In a statement, the PPIB said the financial close agreement was signed by PPIB Managing Director Shah Jahan…
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ISLAMABAD: Under the instructions of the Power Division, the National Electric Power Regulatory Authority (Nepra) has called a public hearing on Dec 20 to rubber stamp the application of Rs1.72 per unit additional cost to consumers of K-Electric on account of two quarterly tariff adjustments (QTAs) for last fiscal year i.e. second and third quarter of FY23. The Power Division…
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ISLAMABAD: The prices of major petroleum products — petrol and high-speed diesel (HSD) — are set to fall by over Rs10 per litre each on Dec 15 for the next fortnight mainly because of a decline in the international market. Informed officials said the international prices of both HSD and petrol had declined over the past fortnight by almost 5pc…
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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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