Author: Admin

Chinese CPEC IPPs Urge Govt to Clear Rs475bn Dues Ahead of PM’s Visit to Beijing

Admin
cpec

ISLAMABAD: With Prime Minister Shehbaz Sharif’s upcoming visit to China fast approaching, Chinese Independent Power Producers (IPPs) under the China-Pakistan Economic Corridor (CPEC) have intensified calls on the government to clear their mounting receivables, which have now reached around Rs475 billion, well-placed sources confirmed to Business Recorder. CEOs of Chinese CPEC IPPs have written multiple letters to senior government officials, also marking copies to the Chinese Ambassador in Islamabad, who is actively engaging with Pakistani authorities to finalize the agenda of the Prime Minister’s meetings with Chinese leadership. In a…

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Pakistan Plays Its Trump Card in Global Minerals Race

Admin
Reko-Diq

ISLAMABAD: Pakistan is positioning itself as a key player in the global minerals race, eyeing lucrative deals with major powers including the United States and China. With mineral reserves estimated at $8 trillion, Islamabad is seeking strategic partnerships to unlock its vast potential in copper, gold, rare earths and other resources. The US administration has shown growing interest in Pakistan’s minerals sector, aligning with Washington’s recent push to secure rare earths worldwide. A minerals conference hosted in Islamabad earlier this year drew interest from global investors, with both Beijing and…

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Sindh Allots Land for First B2B Hybrid Power Project in Jhimpir

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Hybrid-Power

KARACHI: The Sindh government has allocated 300 acres in Jhimpir to Moro Power Company (MPC) for setting up a 100-megawatt wind-solar hybrid project, the province’s first business-to-business (B2B) electricity venture under the Sindh Electric Power Regulatory Authority (SEPRA). The project will allow MPC to supply renewable power directly to industries in Nooriabad through the Sindh Transmission and Despatch Company (STDC), ensuring reliable and cost-effective electricity for industrial growth. Sindh Energy Minister Syed Nasir Hussain Shah said the province was determined to harness Jhimpir’s wind corridor, which holds the potential to…

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Solar Pakistan 2025 Concludes on a High Note — Unlocking New Avenues for Renewable Energy and Industrial Collaboration

Admin
New-Solar

KARACHI: The three-day Solar Pakistan 2025 exhibition successfully concluded at the Karachi Expo Centre, marking a significant milestone in Pakistan’s transition towards renewable energy. The event showcased cutting-edge, industrial-scale solar technologies, many of which were introduced in Pakistan for the first time. Serving as a dynamic platform for business growth, investment, and industrial cooperation, the exhibition resulted in multiple partnerships and agreements. Addressing the closing ceremony as Chief Guest, Sindh Energy Minister Syed Nasir Hussain Shah said:“Events like Solar Pakistan are vital for highlighting the real potential of renewable energy…

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Govt Plans to Lift Ban on Gas Connections with Higher Fees, LNG-Based Tariffs

Admin
LNG-rates

ISLAMABAD: The government is set to lift the long-standing ban on new gas connections, but at a significantly higher cost — with consumers charged at imported LNG rates of around Rs3,900 per million British thermal unit (mmBtu) and a fourfold increase in connection fees. A summary prepared by the petroleum division has been submitted to the federal cabinet, proposing 120,000 new connections in the first year. Priority will be given to applicants who had previously paid fees or demand notices but were denied service due to the moratorium. About 250,000…

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