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Month: March 2024

EXPO – 1st Ever Mega Event at KHUZDAR by PEC (BALOCHISTAN REGION) 6th ENGINEERING CAPSTONE EXPO- PAKISTAN -2024

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PEC

Pakistan Engineering Council – PEC conducted 1st Ever MEGA ENGINEERING CAPSTONE EXPO (FYDP- Final Year Engineering Design Project Exhibition) in KHUZDAR on 2nd March’2024 “Balochistan University of Engineering and Technology” (BUET), Khuzdar Balochistan and 2nd CAPSTONE in Balochistan Regional (1st was conducted at BUITEMS Quetta in 2023). CAPSTONE EXPO is a project of PEC Pakistan Development committee – PPDC which…

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SAARC Events Planned in Lahore to Unleash Regional CollaborationAtif Ikram Sheikh

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fpcci-afghanistan

Karachi: Mr. Atif Ikram Sheikh, President FPCCI, has apprised that SAARC activities comprising of SAARC Bazaar and Women’s Business Conference are planned in Lahore from 7th to 9th March, 2024; under the patronage of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and in collaboration with the SAARC Chamber Women Entrepreneurs Council (SCWEC).Atif Ikram Sheikh added that SAARC…

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16th Annual CSR Summit-2024 to be Held in Islamabad on March 6th

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CSR-2024

Islamabad: The 16th Annual Corporate Social Responsibility (CSR) Summit and Awards-2024 is set to take place at a prestigious hotel in Islamabad on March 6th, with Federal Minister for Religious Affairs & Interfaith Harmony, Aniq Ahmed, gracing the event as the chief guest. Organized by the National Forum for Environment and Health (NFEH), the summit serves as a pivotal platform…

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India Awarded Energy Project in Sri Lanka After Chinese Bid Rejected

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energy-projects

COLOMBO: Sri Lanka has awarded the construction of three solar and wind hybrid power generation facilities to an Indian company, following the cancellation of a tender previously won by a Chinese firm. Concerned about increasing Chinese influence in the island nation, which lies near crucial global shipping lanes and is considered within India’s sphere of influence, New Delhi had raised…

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Petrol Premium Adjusted by Rs4.25/Litre; HSD Margin Altered by 26 Paisa

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petrol-price

ISLAMABAD: The interim government announced on Friday an adjustment of Rs4.25 per litre in the premium on petrol and 26 paisa on high-speed diesel (HSD), considering exchange rates and dealers’ margins in petroleum product prices, effective from March 1, 2024. Following a fortnightly review on Thursday, the government increased the price of petrol by Rs4.13 per litre, while maintaining the…

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Power Division Authorized to Withdraw Rs4 Billion from PERA for Chinese IPP Payments

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CPEC-Project

ISLAMABAD: The Finance Division has granted permission to the Power Division to withdraw Rs4 billion from the Pakistan Energy Revolving Account (PERA) for the exclusive payment to Independent Power Producers (IPPs) under the China Pakistan Economic Corridor (CPEC) for January 2024, according to reliable sources. On February 7, 2024, the Power Division sent an Office Memorandum (OM) to the Finance…

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NEPRA Approves Modification in WAPDA’s Generation License

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Nepra

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has granted approval for modifications in the generation license of the Water and Power Development Authority (WAPDA), primarily concerning adjustments in auxiliary consumption across various hydel power plants and the incorporation of the 1,530 MW Tarbela 5th Extension project. Initially issued on November 3, 2004, WAPDA’s generation license has undergone several modifications,…

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K-Electric Stands Firm on Renewable Goals

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K-Electric

KARACHI: K-Electric (KE) reaffirms its dedication to achieving 30 percent renewable energy by 2030, as outlined in its publicly available plans. The company emphasized its commitment to these targets, which are formulated based on thorough assessments of ground dynamics, available resources, and anticipated demand growth. KE responded to the white paper shared by Renewables First, expressing an inability to provide…

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OGDCL Rolls Out its ESG Policy to Promote Sustainable Practices

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New-OGDCL

ISLAMABAD, March 1, 2024: The Oil and Gas Development Company Limited (OGDCL) has taken a significant stride towards sustainability by announcing its Environmental, Social, and Governance (ESG) policy. In response to the growing demand from investors and stakeholders for transparency and accountability in ESG factors, OGDCL’s Board of Directors released its comprehensive ESG policy statement on February 27, 2024.The OGDCL…

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Indonesian government abolishes net metering

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indonesia

The Indonesian government has ended net metering for rooftop solar installations. The Jakarta-based Institute for Essential Services Reform says this could make it harder for the country to meet its solar deployment targets, as PV installations will become more expensive for households and small businesses. Indonesia’s Ministry of Energy and Mineral Resources (MEMR) has enacted MEMR Regulation No. 2/2024, which…

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