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Day: March 12, 2024

Inquiry Launched into Alleged Corruption in Coal Purchase Contract for Sahiwal Power Plant

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Sahiwal-Power

ISLAMABAD: A probe has been initiated into allegations of corruption surrounding a coal procurement contract at the Sahiwal Power Plant, a critical project under the China-Pakistan Economic Corridor (CPEC). Former Energy Minister Muhammad Ali raised concerns about the procurement process, prompting the inquiry. Ali’s inquiry, initiated just before he left office as caretaker minister, was prompted by stakeholders’ worries over…

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Red Solar’s Flexible PV Solutions Shine at PV EXPO 2024

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Red Solar, a leading provider of smart PV solutions, made waves at the recent PV EXPO in Tokyo, Japan, showcasing its cutting-edge products aimed at revolutionizing the PV industry. Among its standout offerings were flexible photovoltaic modules, heralded for their versatility and reliability. These flexible modules offer a range of advantages, including enhanced adaptability to various surfaces and environments, making…

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Commerce Ministry Proposes Sinotec-Ghani Glass JV for Solar Localization in Pakistan

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solar-panel

In a bid to accelerate solar panel production in Pakistan, the Ministry of Commerce (MoC) has proposed a joint venture (JV) between Chinese firm Sinotec Solar (Pvt) Ltd and local company Ghani Glass. This initiative was put forth during a recent inter-ministerial meeting chaired by Rashid Mahmood Langrial, the Additional Secretary Incharge of the Ministry of Industries and Production. Langrial,…

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WAPDA Unveils Hydel Museum at Tarbela Dam

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New-Wapda

March 11, 2024: The Water and Power Development Authority (WAPDA) has unveiled the Hydel Museum at the Tarbela 4th Extension Hydel Power Station, showcasing vintage electro-mechanical equipment from various hydropower plants. This initiative aims to preserve and showcase the rich heritage of WAPDA’s hydel power stations. The museum features equipment and parts from hydropower plants such as Jabban, Warsak, Tarbela,…

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Saudi Ministry Raises Concerns Over New Renewable Energy Pact

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Renewable-energy

ISLAMABAD: The Saudi Ministry of Energy has reportedly questioned the necessity of a new agreement for the development of renewable energy projects in light of an existing Memorandum of Understanding (MoU) with Pakistan. According to informed sources within the Ministry of Foreign Affairs (MoFA) speaking to Business Recorder, the Saudi authorities have raised doubts over the need for a new…

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PM Shehbaz Sharif Urges Investment in Energy Sector

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Shehbaz-Sharif

ISLAMABAD: Prime Minister Shehbaz Sharif emphasized the critical need for investment in Pakistan’s energy sector, particularly in the exploration and development of tight gas and undersea oil and gas reserves. During a review meeting on Monday, he directed authorities to facilitate both local and foreign investors in the discovery, refining, and distribution of oil and gas resources. The Prime Minister…

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Industry Leaders Urge Government Action as Gas Prices Soar, Threatening Business Survival

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gas-prices

KARACHI: Business leaders have strongly criticized the staggering 220% surge in gas tariffs over the past year, calling upon the newly-elected government and the Special Investment Facilitation Council (SIFC) to intervene. They emphasize the urgent need for research and development (R&D) efforts to explore alternative fuel sources for the local industry. Adil Siddiqui, President of the Hyderabad Chamber of Commerce…

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Chinese Solar Firm Partners with Local Company in $700 Million Investment for Solar Projects in Pakistan

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solar-panel

The surge in demand for solar energy in Pakistan, driven by escalating electricity prices and governmental initiatives, has led to a significant partnership between a Chinese solar company, Hanersun Technologies, and a local firm, My Energy. The collaboration aims to introduce 500 MW solar projects, backed by a substantial investment of $700 million. The agreement outlines plans for establishing distribution…

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