Bonn/Stemwede, 12 April (WWEA) – Experts in wind energy history gathered at the German Wind Power Museum in Stemwede, northern Germany, to explore ways to enhance international collaboration in preserving the global heritage of wind energy. The event, part of an ongoing initiative by the World Wind Energy Association (WWEA), focused on improving the archiving and sharing of wind energy…
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ISLAMABAD: MariEnergies, a leading exploration and production company in Pakistan, has invested $250 million in the Waziristan Block, resulting in seven significant gas discoveries, including two tight gas reserves. These discoveries are projected to save the country $300 million annually in foreign exchange, a senior company official revealed. The company’s latest success comes from the Spinwam-1 exploratory well, which has…
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ISLAMABAD: Pakistan has not received oil on concessional rates or loan basis from any country over the past five years, the Petroleum Division confirmed in a report submitted to the National Assembly. The clarification came in a written response to a query by MNA Naveed Aamir, who asked for details of countries that had extended concessional oil to Pakistan during…
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ISLAMABAD: The cost of Pakistan’s Dasu Hydropower Project (Stage-I) has skyrocketed to a staggering Rs1.7 trillion ($6.2 billion), making it the country’s most expensive hydropower scheme to date. The Central Development Working Party (CDWP), chaired by Planning Minister Ahsan Iqbal, referred the revised proposal to the Executive Committee of the National Economic Council (ECNEC) for final approval—pending cost rationalisation and…
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ISLAMABAD: The Ministry of Energy informed the National Assembly on Friday that Pakistan’s circular debt has decreased by Rs9 billion in the first half of the current fiscal year, attributing the improvement to the government’s targeted reforms. In a written response to the House, the ministry reported that circular debt stood at Rs2,393 billion as of June 2024, and had…
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ISLAMABAD: Consumers in Pakistan may receive a much-needed reprieve as petrol and diesel prices are expected to decrease by approximately Rs10 per litre for the upcoming fortnight ending April 30, driven by a drop in international oil prices. This potential reduction is contingent on the government maintaining current tax rates. However, officials indicate that the government may limit the decline…
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Inverex, a frontrunner in Pakistan’s solar energy sector, is making a groundbreaking leap into the electric vehicle (EV) market—becoming the first Pakistani solar company to do so. This strategic move reinforces Inverex’s mission to promote clean energy and reduce the country’s dependence on fossil fuels. The landmark announcement was made during an exclusive event in Kuala Lumpur, Malaysia, where Inverex…
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