Author: Admin

ACWA Power Signs Agreements to Develop 5GW Renewable Energy Program in Türkiye

Admin
New-Project70

JEDDAH: Saudi energy giant ACWA Power has signed key investment and implementation agreements with the Ministry of Energy and Natural Resources to develop up to 5 gigawatts (GW) of renewable energy capacity in Türkiye. The program will initially roll out 2GW of solar power capacity through two large-scale plants to be constructed in Sivas and Taşeli. Under the agreement, ACWA Power will develop, finance, construct, commission and operate both facilities. The initiative builds on the company’s existing footprint in Türkiye, including the 927-megawatt Kırıkkale Independent Power Plant, a $930 million…

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PM Shehbaz Sharif Visits Qatar to Boost Trade, Investment and Energy Cooperation

Admin
Shehbaz-Sharif

ISLAMABAD: Prime Minister Shehbaz Sharif arrived in Qatar on Monday for a two-day official visit aimed at expanding bilateral cooperation in trade, investment, energy and manpower export, according to statements from the Prime Minister’s Office and Pakistan’s Foreign Ministry. The visit is being undertaken at the invitation of the Emir of Qatar, Sheikh Tamim bin Hamad Al-Thani. The prime minister is accompanied by Deputy Prime Minister and Foreign Minister Ishaq Dar, along with other cabinet members and senior officials. Upon arrival at King Hamad International Airport, the prime minister was…

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Saudi-Backed Wafi Energy Partners with MG to Launch Advanced Motor Oil Range in Pakistan

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New-Wafi

ISLAMABAD: MG JW Automobile Pakistan Pvt. Ltd. has signed a memorandum of understanding (MoU) with Wafi Energy Pakistan Limited, a subsidiary of Wafi Energy Holding, to introduce a new range of MG-branded motor oils in Pakistan. The collaboration marks another milestone in the expansion of Saudi private sector investment in Pakistan’s downstream energy and automotive servicing sectors, following Wafi Energy’s acquisition of Shell Pakistan Limited last year. Under the agreement, Advanced Synthetic Technology motor oils — 0W-20 SP C5 and 5W-30 SP C3 — will be introduced to cater to…

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Nepra Calls for Urgent Completion of Key NGC Projects to Strengthen Transmission Network

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New-Nepra

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has urged immediate completion of critical projects under the National Grid Company (NGC), warning that persistent delays are undermining the reliability and cost-effectiveness of Pakistan’s power transmission system. In its Performance Evaluation Report of the Transmission Sector for FY2024–25 (ending June 30, 2025), the regulator highlighted serious structural weaknesses in the national transmission network, maintained by both government entities and K-Electric (KE). Rs80 Billion Worth of Electricity Not Transmitted Nepra revealed that electricity worth approximately Rs80 billion — around 2.8 billion units…

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Enel Unveils €20 Billion Renewables Push, Plans €53 Billion Investment by 2028

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Enel-Project

MILAN: Italian energy major Enel has announced plans to invest €20 billion ($23.6 billion) in renewable energy projects by 2028, as part of a broader €53 billion capital expenditure programme for 2026–2028. The company revealed its new strategic plan on Monday, outlining total investments of €53 billion over the three-year period — roughly €10 billion higher than its previous 2023–2025 plan. “We are presenting an ambitious plan, but one that is credible and achievable,” Enel Chief Executive Officer Flavio Cattaneo told financial analysts. Focus on Renewables and Grid Expansion Of…

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