ISLAMABAD: Attock Refinery Limited (ARL) has restarted its two crude distillation plants that were shut earlier this month due to low demand for its products, its managing director said on Wednesday. The plants, which process local crude oil from the Khyber Pakhtunkhwa (KPK) and Potohar regions, were closed on Dec. 11 as the refinery faced a glut of petrol and…
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In the vibrant city of Ningbo, China, Ginlong (Solis) Technologies, recognized as one of the foremost and largest inverter manufacturers globally, proudly declares its inclusion in the esteemed BloombergNEF Tier 1 PV Inverter Manufacturers list for the fourth quarter of 2023. This noteworthy acknowledgment signifies a momentous achievement for Solis, highlighting the company’s unwavering dedication to excellence, innovation, and a…
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Islamabad: Speakers at 3rd International Hydropower Conference while terming the hydropower and renewable energy (RE) crucial for sustainable future of the country on Wednesday stressed the need to remove bottleneck in harnessing the hydropower and RE potential for provision of affordable electricity to the people and industry.The third International Hydropower conference themed “Hydropower: A Renewable Energy Source for a Sustainable…
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ISLAMABAD: In the wake of escalating monster of circular debt and keeping the cash-bleeding power sector afloat, the Ministry of Power has sent out an SOS to the government and requested approval of a whopping subsidy amount of Rs319 billion for K-E and Government Owned Power Plants (GPPs). The Economic Coordination Committee (ECC) of the Cabinet is all set to…
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ISLAMABAD: The government has decided to extend the Foreign Investment Promotion and Protection Act (FIPPA), a special legislative cover, to the investment of Turkmenistan in the TAPI gas pipeline project, a senior energy ministry official said on Tuesday. The move is aimed at increasing the bankability of the project in the eyes of the international lenders, which is estimated to…
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• Power regulator disapproves of premium on urgent connections• Hints at allowing 14pc interest on bill instalments ISLAMABAD: The power regulator Nepra on Tuesday rejected objections raised by the power division over its overbilling investigation report finding massive irregularities to consumers and made it clear to take the regulatory process to the logical conclusion. The National Electric Power Regulatory Authority also appeared…
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ISLAMABAD: Pakistan has won the arbitration initiated by Tuwairqi Steel against the federation at the Permanent Court of Arbitration in The Hague, Netherlands, the government said in a statement on Tuesday. The claim was brought by the Saudi investors, namely Dr Hilal Hussain Al Tuwairqi and Al Ittefaq Steel Products Company Ltd, under the Organisation of Islamic Cooperation (OIC) investment…
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ISLAMABAD: Despite a record 83 per cent power generation from cheaper domestic fuels, the Central Power Purchasing Agency (CPPA) on Tuesday sought a massive Rs4.66 per unit additional fuel cost adjustment (FCA) for ex-Wapda distribution companies (Discos) — almost 100pc higher than target — to generate another Rs34 billion in January 2024. This increase in FCA is on top of…
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ISLAMABAD: Karachi Port Trust (KPT) has accused Sui Southern Gas Company Limited (SSGCL) of impeding ‘Energy Hub’ process as the gas utility company is not cooperating on the intake pipeline, well-informed sources told Business Recorder. Sources said the Special Investment Facilitation Council (SIFC) shared an MoU signed between Ministry of Investment of the United Arab Emirates (UAE) and the Ministry of…
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ISLAMABAD: Caretaker Prime Minister Anwar-ul-Haq Kakar has directed the Power Division to coordinate with SkyPower Global Group which has shown an interest in direct investment of $ 800 million in Pakistan’s 1000 MW solar power initiative, well informed sources told Business Recorder. M/s SkyPower was established in 2003 in Toronto – Canada and has +18 years of operation experience. The company…
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