Irani Diesel ⛽️ back to 10,000,000 lites per day. Valued @$100/ bbl delivered C&F Karachi ; this amounts to $2.3 Billion per annum. Mostly paid by hundi/ hawal from Dubai to Iranian Dealers. 95% is delivered under informal Parchi system introduced in 2021 by FC( Dawn Business Reprt May 2nd 2024). About 10 million( including 3 million Baluch) , population…
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Multan witnessed a groundbreaking display of solar energy innovation at the 2nd Solar Show, where Huawei Fusion Solar emerged as a frontrunner in the industry. Collaborating with partners Bahum and Diwan, Huawei FusionSolar showcased a range of cutting-edge inverters that not only captured the attention of attendees but also set new standards in functionality and efficiency. The exhibition featured a…
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Islamabad recently hosted Huawei Pakistan Digital Week 2024, a vibrant event that brought together innovation and industry expertise. The showcase highlighted Huawei’s latest advancements in digital solutions, with a focus on energy and infrastructure. Attendees were treated to immersive presentations, live demonstrations, and insightful discussions on the latest trends and technologies. The event spotlighted Huawei’s cutting-edge Smart PV & BESS…
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KARACHI: Burj Solar and Power Cement Limited (PCL) have signed an agreement to develop and finance the country’s first distributed generation wind power project of 9.6 megawatts (MW). Under the 20-year Build-Own-Operate-Transfer (BOOT) model, Burj Solar will install two 4.8 MW wind turbines at PCL’s premises, with Orient Energy serving as the contractor. This project builds on the successful partnership…
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ISLAMABAD: The Ministry of Foreign Affairs (MoFA) has asked Power Division to develop concrete measures to address Chinese concerns, especially those related to the delayed IPP payments, Gwadar power plant and return on investment to the stakeholders in CPEC projects, well informed sources told Business Recorder. The overdue amount of CPEC power projects has reached Rs 526 billion, mainly due…
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ISLAMABAD: The Private Power & Infrastructure Board (PPIB) has asked Saudi Arabia to expedite finalization of Government to Government (G2G) framework agreement, enabling both countries to proceed towards commercial agreements and tariffs on about a dozen projects, well-informed sources told Business Recorder. A high-level Saudi delegation led by the Foreign Minister visited Pakistan during the third week of April and…
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ISLAMABAD: Ambassador of Denmark, Jakob Linulf on Thursday said carbon markets are a new opportunity for Pakistan to improve its economic situation and reduce carbon emissions for a green development through sustainable and environment friendly practices. He was addressing to the one-day capacity building workshop for journalists on Climate-Smart Reporting: Carbon Market and Equitable Development jointly organized by the Sustainable…
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ISLAMABAD: Oil and Gas Development Company Limited (OGDCL), the largest hydrocarbon explorer in Pakistan, has targeted 20 major fields, mainly in the north and south, to enhance production and contribute to overcoming the energy crisis in the country. Owing to the rising demand for gas, Pakistan is relying more on the imported liquefied natural gas (LNG) as its share has…
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ISLAMABAD: The Water and Power Development Authority (Wapda) announced on Thursday that the 969-megawatt Neelum-Jhelum Hydropower Project, valued at over Rs500 billion, has been completely shut down for inspection. The decision follows a major operational issue detected a month ago, leading to significant pressure fluctuations in the project’s headrace tunnel, Wapda said in a statement. It said that a comprehensive…
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