ISLAMABAD: The longstanding debate over Net Hydel Profit (NHP) has reignited, with the Khyber Pakhtunkhwa (KP) government demanding an increase of Re. 1 per unit to ensure the payment of its dues. However, the proposal has faced opposition from WAPDA, Punjab, and Sindh, sources in the Planning Commission revealed. The matter was discussed during an inter-provincial meeting chaired by Awais…
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ISLAMABAD: Sui Northern Gas Pipelines Limited (SNGPL) has called on the Petroleum Division for urgent support to finalise a gas cost equalisation arrangement with Sui Southern Gas Company Limited (SSGC) and to include the full financing cost of short-term RLNG borrowings in the RLNG price structure to ensure cost recovery. In a letter to the Director General (Gas) at the…
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ISLAMABAD: Mari Energies Limited (MARI), formerly known as Mari Petroleum Company Limited, has announced its definitive agreement to acquire a 5% stake in Kohesultan Mining Company Limited (KMCL). The development was disclosed in a notification to the Pakistan Stock Exchange (PSX) on Wednesday. “Mari Minerals (Private) Limited, a wholly owned subsidiary of Mari Energies Limited, has entered into a definitive…
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ISLAMABAD: The Engineering Development Board (EDB) has been entrusted by the Ministry of Energy, under the National Electricity Policy 2021 and National Electricity Plan 2023, to design a comprehensive Power Sector Indigenisation Plan (PSIP). This initiative seeks to promote import substitution, enhance localisation, and unlock export potential for Pakistan’s electrical power equipment. The PSIP will focus on localising the production…
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ISLAMABAD: The federal government has claimed Rs225 billion in receivables from K-Electric (KE), with Rs186.5 billion attributed to mark-up on a principal liability of Rs38.8 billion, according to the power division’s latest circular debt report. The report, released after a six-month gap, highlighted a reduction in the power sector’s circular debt, which stood at Rs2.381 trillion as of November 2024—a…
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London: At the British International Freight Association (BIFA) Freight Service Awards 2024, deugro was honored with the Project Forwarding Award, recognizing its exceptional logistics solution for a complex project in northern Papua New Guinea. The BIFA Freight Service Awards celebrate excellence and professionalism across nine industry categories. At the ceremony held on January 16, 2025, deugro impressed judges with its…
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KUALA LUMPUR – Chinese solar panel manufacturers in Malaysia, including industry giants Jinko Solar, Risen Energy, and JA Solar, have scaled back or ceased operations in response to escalating US tariffs, according to industry sources. These firms, which collectively represent nearly 40% of Malaysia’s solar production capacity, have faced shrinking profit margins due to heightened US scrutiny and tariffs. Risen…
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HONG KONG, (Reuters) – China achieved unprecedented growth in renewable energy installations in 2024, breaking previous records in its rapid pursuit of clean energy dominance, according to official data released on Tuesday. The National Energy Administration (NEA) reported a staggering 45.2% increase in solar power capacity and an 18% rise in wind power installations compared to 2023. Solar capacity now…
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