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…
Read More
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…
Read More
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…
Read More
To maintain a steady supply of LNG, the government has instructed Sui Northern Gas Company Limited (SNGPL) and Sui Southern Gas Company (SSGC) to arrange financing from banks. This move aims to assist Pakistan State Oil (PSO) in managing Letters of Credit (LCs) for LNG imports, according to a senior official from the Energy Ministry speaking to The News. The…
Read More
In a recent inter-ministerial meeting chaired by Rashid Mahmood Langrial, Additional Secretary Incharge of the Ministry of Industries and Production, the Commerce Ministry has encouraged M/s Sinotec Solar (Pvt) Ltd, a Chinese company, to consider establishing a joint venture (JV) with M/s Ghani Glass to expedite the localization of solar panel-related items. Langrial reviewed the progress made since the last…
Read More
The Prime Minister’s Office (PMO) has issued directives to the Ministry of Energy, specifically the Petroleum and Power Divisions, to formulate a concrete plan within one month for the establishment of renewable energy plants by public sector oil companies. This initiative stems from Prime Minister Shehbaz Sharif’s inaugural address to the National Assembly, where he emphasized the importance of transitioning…
Read More
In a notable display of its rising prominence, GoodWe recently hosted the Redefining GoodWe Meetup 2024, an event that surpassed all expectations. With a turnout of over 250 attendees, the evening unfolded as a vibrant convergence of industry leaders, partners, and enthusiasts. The Meetup featured captivating in-depth speaking topics led by GoodWe’s expert team, from advanced commercial and utility solutions…
Read More
“Stretchable solar cells that can function under strain have received considerable attention as an energy source.” An innovative, flexible solar cell being developed in South Korea has passed a crucial stress test. Researchers from the Korea Advanced Institute of Science & Technology (KAIST) are working on a rubber-like sun-catcher made from organic materials. The idea is for these elastic cells to one day help power the…
Read More
Farmers in arid regions are turning to low-cost solar pumps to irrigate their fields. This eliminates using fossil fuels and boosts crop production, but is drying up aquifers around the globe. There is a solar-powered revolution going on in the fields of India. By 2026, more than 3 million farmers will be raising irrigation water from beneath their fields using…
Read More
ISLAMABAD: The Competition Commission of Pakistan (CCP) has rejected an application of Pakistan State Oil (PSO) meant for an extension in exemption on fuel supply on an exclusive basis to three independent power producers (IPPs), well-informed sources told Business Recorder. The CCP, in a letter to the PSO managing director, has cited reference to three applications filed by the PSO with…
Read More
