ISLAMABAD: The Power Division is reportedly facing a “Catch-22” situation on a letter of former caretaker Federal Minister for Power and Petroleum, Muhammad Ali, who ordered a thorough probe into the purchase of coal by CPEC 1,320-MW Sahiwal Coal Power Plant on higher prices, which are being paid by the consumers, well-informed sources told Business Recorder. Muhammad Ali wrote the letter,…
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Growatt, a global leading distributed energy solution provider, recently convened a successful business gathering on February 28th in Lahore, Pakistan, drawing numerous local partners. The event served as a platform for showcasing innovation and fostering collaboration within the renewable energy sector. It underscored the burgeoning momentum of the PV industry in Pakistan and Growatt’s pivotal role in driving advancements and…
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Why to Curtail Wind Power Projects Despite Tariff of PKR 14.7/kWhAtif Ikram Sheikh Karachi: Atif Ikram Sheikh, President FPCCI, has expressed his profound concerns that the renewable energy policy 2006 is not being implemented in letter & spirit as costlier and obsolete power projects are still being given preference – while it makes no economic sense to purchase power for…
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ISLAMABAD: Following in the footsteps of power companies, the National Electric Power Regulatory Authority (Nepra) has decided in principle to increase by at least 100 per cent its annual and one-time registration fee for all its licensees like those dealing in generation, distribution, transmission, trading, operators and suppliers. At the same time, Nepra is also seeking the imposition of an…
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ISLAMABAD: Amid controversy over the extension of a 20MW hydropower project to 40MW, the Centre is facilitating the Gilgit-Baltistan administration to set up an energy regulatory authority and an energy development organisation for exploitation of hydropower potential in the region. Informed sources told Dawn that a recent meeting of the Central Development Working Party (CDWP) deferred the approval of the 40MW Hydropower…
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By Rafiq Vayani DUBAI/KARACHI: In an inspiring keynote address at the IBA Leaders Connect event, Mr. Hussain Dawood – Chairman, Engro Corporation and Dawood Hercules Corporation, emphasized the importance of human development based on the values of Character and Good Manners (CGM). “We’re Pakistanis, and we’re going to fight for our country. And the way to do it, in spite…
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Shazia Syed, the former CEO of Unilever Pakistan, has been named in a Forbes list again — this time for the 100 Most Powerful Businesswomen 2024. She, who is currently the general manager for Unilever’s operations in North Africa, Iraq, Levant, and Arabia, had previously been recognised as one of the top executives in the Middle East in 2023. Emerging from Abbottabad, Syed embarked…
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ISLAMABAD: The Finance Division has allowed Power Division to draw Rs4 billion from Pakistan Energy Revolving Account (PERA) for onward exclusive payment to Independent Power Producers (IPPs) established under China Pakistan Economic Corridor (CPEC) for the month of January 2024, well informed sources told Business Recorder. Power Division, sources said, sent an Office Memorandum (OM) to Finance Division on February 7,…
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A team of 7 students from LUMS represented Pakistan at this global competition and emerged victorious. The team was lead by Rohail Hasan and included Sabeen Hamood, Hubaib Shehryar, Laiba Abid, Mahnoor Gul, Shanzay Hashim and Malik Danyal Khan. They received the Best Small Delegation trophy, successfully defending its title of Best Delegation two years in a row. The United…
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Karachi, March 2, 2024: In a significant development, the National Electric Power Regulatory Authority (NEPRA) has granted approval for two of the three Requests for Proposals (RFPs) submitted by K-Electric (KE) for the addition of renewable energy to its power generation fleet.These approvals are a milestone in KE’s strategic plan to integrate renewable energy into its operations; thereby, contributing to…
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