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Category–III wind projects: NPCC asked to devise wheeling mechanism

Admin
k-electric

ISLAMABAD: An inter-organisation committee has directed National Power Control Centre (NPCC), the system operator, to formulate wheeling mechanism for evacuation of power from category –III wind projects, well informed sources told Business Recorder. The meeting was held in the office of Private Power and Infrastructure Board (PPIB) to discuss options for evacuating power from existing wind projects and Category-III wind projects…

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PM says govt, KE to ensure smooth power supply to Karachi

Admin
Anwaarul-Haq

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar said on Monday that an uninterrupted power supply to Karachi will be ensured with mutual cooperation of the government and K-Electric. According to the Prime Minister’s Office, Kakar stated this while talking to a delegation of K-Electric led by Monis Abdullah Alvi, chief executive officer of Karachi Electric (KE) which met with the premier…

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Discos likely to be put under army’s microscope

Admin
Power-generation

ISLAMABAD: The Federal Cabinet is all set to approve establishment of Performance Management Units (PMUs) in five high loss-making power Distribution Companies (Discos) under a serving Brigadier of Pak Army as dismal performance of Discos has made the sector unsustainable, sources close to caretaker Minister for Power and Petroleum told Business Recorder. The Federal Cabinet which is scheduled to meet on…

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Engro eyes telecom towers, construction materials

Admin
624387-engro-1383074199

Research predicts company shares to hit Rs490 by Dec 2024 Engro Corporation, a conglomerate of companies, is set to expand primarily in shared mobile phone towers and construction material businesses, anticipating a potential reduction in borrowing costs from banks. The conglomerate’s flagship fertiliser manufacturing project is expected to benefit from the Petroleum Policy 2012, enabling it to pass on the…

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Shrinking global GDP will compound Pakistan’s problems.

Admin
New-MZH

Special attention be given to inflation, rupee and rising debt Direction of economy should be corrected: Mian Zahid Hussain Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said on Monday that some economic sectors will be hit as the world GDP declines. Policymakers should…

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Army Chief’s direction intervention sought for removal of bureaucratic hurdles in way of new wind, solar projects involving $600M foreign investment

Admin
solar-wind

The prospective foreign investors keen for the past couple of years to build new wind and solar power projects in the country have sought direct intervention from the Chief of Army Staff for immediate removal of bureaucratic hurdles in the way of phenomenally increasing the clean energy generation capacity of Pakistan.The Pakistan Foreign Renewable Energy Investors Forum (PFREF) has urged…

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January 2023 power breakdown: Probe finds country’s power transmission system running without SOPs

Admin
Power-generation

ISLAMABAD: The electric power transmission system that transmits electricity of Rs3,000 billion a year is found ‘highly vulnerable’ as it is run without the standard operating procedures (SOPs), reveals the investigation just completed into the worst-ever 20 hours power breakdown that struck the country a year before on January 23, 2023. The probe into the causes of the unprecedented power…

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World economy will slow further off its pre-Covid pace in 2024, UN projects

Admin
World-economy

ISLAMABAD: The United Nations (UN) issued a somber global economic forecast for 2024, pointing to challenges from escalating conflicts, sluggish global trade, persistently high interest rates and increasing climate disasters. In its flagship economic report, the UN projected that global economic growth would slow to 2.4% this year from an estimated 2.7% in 2023, which exceeds expectations. But both are…

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Draft LPG policy aimed at boosting local production finalised

Admin
lpg

ISLAMABAD: Ministry of Energy (Petroleum Division) has finalised draft of Liquefied Petroleum Gas (LPG) Policy 2024, envisaging substantial fiscal incentives to promote domestic LPG production, its import and marketing. According to the summary of draft policy 2024 to be presented to the Council of Common Interests (CCI) for consideration, all LPG producers will dedicate up to 10% of their production…

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