You are here

Day: January 20, 2025

World Future Energy Summit 2025 Concludes with a Call for Sustainable Innovation and Climate Resilience

Admin
Future-Summit1

ABU DHABI: The World Future Energy Summit 2025, hosted by Masdar as part of Abu Dhabi Sustainability Week, concluded today at the Abu Dhabi National Exhibition Centre, spotlighting critical global sustainability issues over three impactful days. Key topics explored included self-sufficient sustainable cities, community resilience, and green finance’s supply-demand imbalance. Sustainable Cities and Climate ResilienceThe Sustainable Cities Conference addressed extreme…

Read More

Solar Corporate Funding Drops 24% to $26.3 Billion in 2024 Amid Market Uncertainty

Admin
soalr energy

Corporate funding in the solar sector declined sharply in 2024, totaling $26.3 billion, according to Mercom Capital Group’s annual solar funding and M&A report. This represents a 24% drop from $34.3 billion in 2023, encompassing 157 deals, down from 161 the previous year. Key findings include: Venture Capital Funding: Dropped 36% to $4.5 billion, with 87% ($3.9 billion) allocated to…

Read More

Govt Proposes Tougher Laws for LPG and Explosives Handling

Admin
lpg-plant

ISLAMABAD: The government has proposed stringent penalties for unauthorised handling and storage of liquefied petroleum gas (LPG) and explosives, designating them as non-bailable offenses. Violators could face up to 14 years of rigorous imprisonment and fines as high as Rs20 million, aiming to enhance public safety and deter illegal activities. Currently, offenders face minimal penalties of up to six months…

Read More

PM Orders Two-Pronged Strategy for Privatisation of Power Discos

Admin
Power genration

ISLAMABAD: Prime Minister Shehbaz Sharif has directed the Power Division to implement a dual approach for Power Distribution Companies (Discos), focusing on both provincialisation and privatisation, to fulfill commitments to development partners, according to informed sources. During a recent meeting on power tariff reduction and Discos’ ownership, the Prime Minister instructed the Power Division to prepare a comprehensive roadmap and…

Read More

New Gwadar Airport Welcomes First Commercial Flight

Admin
Gwadar-Airport

RAWALPINDI: Pakistan International Airlines (PIA) will make history today as flight PK-503 from Karachi lands at the New Gwadar International Airport, marking the commencement of its operations. An official from the Pakistan Airport Authority (PAA) confirmed the milestone, with the inaugural flight scheduled to depart Karachi’s Jinnah International Airport at 9:20 am. The aircraft will receive a ceremonial water salute…

Read More

Centre, KP Seek Clarity on Controversial Gas Sale Without Bidding

Admin
Gas-Project

ISLAMABAD: The Prime Minister’s Office (PMO) and the Khyber Pakhtunkhwa (KP) government have sought clarification from the Petroleum Division regarding the proposed sale of gas from the Razgir field in Kohat without a competitive bidding process. This directive was issued by the PMO on January 2 following reports that a minority shareholder in the newly developed field had negotiated a…

Read More