Day: April 21, 2025

IFC Partners with Pakistan to Boost Electric Vehicle Market for Two- and Three-Wheelers

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New-EV

ISLAMABAD: In a strategic move to accelerate the adoption of electric mobility in Pakistan, the Ministry of Industries and Production has signed a landmark agreement with the International Finance Corporation (IFC) to promote investment in electric two- and three-wheel vehicles. The initiative aims to support policy development, regulatory reforms, and standard-setting to create an enabling environment for electric vehicle (EV) adoption. With over 23 million two- and three-wheelers currently on Pakistani roads, electric variants represent less than 1% of the fleet—highlighting significant room for growth. Under the agreement, IFC will…

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Bhadla Solar Park: The World’s Largest Solar Power Project Shines in Rajasthan

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Bhadla-Solar

Rajasthan, India – In the heart of India’s sun-scorched Thar Desert, the Bhadla Solar Park stands as a beacon of clean energy innovation. Spanning more than 5,700 hectares of arid terrain where summer temperatures frequently exceed 45°C (113°F), Bhadla has emerged as the largest solar power facility in the world. Commissioned in four transformative phases between 2015 and 2020, the park now boasts an installed capacity of 2,245 megawatts (2.245 GW) — powered by over 10 million solar panels. Here’s how the energy milestone was achieved: This massive infrastructure not…

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Govt Urged to Approve Exemption for PICT to Handle Rekodiq Cargo Without Bidding Process

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Reko-Diq

The government has been urged to grant an exemption to Pakistan International Container Terminal (PICT) to handle cargo for the Reko Diq project without undergoing a competitive bidding process. According to a report, this exemption is crucial for ensuring timely and efficient handling of project cargo. Key Points: Potential Benefits:

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SNGPL Challenges OGRA’s Methodology in LHC, Raises Concerns Over ROA Calculation

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SNGPL-Office

Sui Northern Gas Pipelines Limited (SNGPL) has approached the Lahore High Court (LHC), contesting the Oil and Gas Regulatory Authority‘s (OGRA) methodology for calculating the Return on Assets (ROA). This development highlights the ongoing disputes between SNGPL and OGRA regarding gas pricing and regulatory frameworks. Key Issues: Potential Implications: Story by Wasim Iqbal

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