Provincial Energy Minister Nasir Shah in interview assures to reduce operational costs, minimize losses, improve recoveries, and reduce electricity theft in Sindh and its capital Karachi; says STDC will work closely with SEPRA for effective transmission of clean energy Energy Update magazine conducted an Interview with Sindh Energy Minister Syed Nasir Hussain Shah. Some excerpts of the interview are: Nasir…
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LAHORE: Prime Minister’s Pakistan Solarization Committee, Member, Engr. Syed Faizan Ali Shah has outlined major challenges for the solar industry as more and more distributed solar gets inducted into the distributed grid.“The solar industry must anticipate increase in exports from net-metered systems during shoulder months due to expansion of distributed solar,” he said while addressing a seminar on “Sustainable Energy…
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ISLAMABAD: In a move to bolster bilateral relations, Pakistan and Russia signed a Memorandum of Understanding (MoU) on Thursday, paving the way for enhanced cooperation in key sectors including trade, energy, connectivity, and defence. The MoU was formalized by Russian Deputy Prime Minister Alexei Overchuk and Pakistan’s Deputy Prime Minister Ishaq Dar, following a high-level meeting between Overchuk and Prime…
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Abu Dhabi, United Arab Emirates, 19 September 2024 – The International Renewable Energy Agency (IRENA), COP29 Presidency and Ministry of Energy of Azerbaijan announced today that the first Energy Transition Investment Forum for Central Asia will be hosted in Baku, Azerbaijan, on 15-16 November 2024. The event is strategically aligned with the COP29 priorities and action agenda outlined by President Designate…
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Ningbo, China – September 6, 2024 – Solis, a global leader in solar inverter technology, proudly announces that it has surpassed the 100GW mark in cumulative shipments. This significant milestone underscores Solis’ commitment to driving innovation and excellence in the renewable energy sector. Established in 2005, Solis has rapidly ascended to become one of the world’s foremost manufacturers of solar…
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Petrol and Diesel rates have been slashed as the federal government passed on relief of global oil prices to people for second half of September 2024. Oil & Gas Regulatory Authority (OGRA) has adjusted the consumer prices of petroleum products based on recent international market price fluctuations. The revised prices, effective from 16th September 2024. Petrol Price in Pakistan Products Old Price New…
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The Inauguration Ceremony of IEEEP Fair 2024, organized by Badr Expo, was held on September 10, with great fanfare. Minister Energy, Planning, and Development, Syed Nasir Hussain Shah graced the occasion with his presence.The event witnessed excellent participation from both local and foreign entities, fostering great collaborations. The insightful conference and enlightening exhibition aimed to promote Pakistan’s growth in the…
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Karachi: Atif Ikram Sheikh, President FPCCI, has apprised that the business, industry and trade community of Pakistan is disappointed with the monetary policy as it continues to be based on a heavy premium vis-à-vis core inflation. While we appreciate the rate cut by 200 bps or 2 percent, this is too little, too late in the context of price data…
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PESHAWAR: The Sarhad Chamber of Commerce and Industry (SCCI) has filed a writ petition in the Peshawar High Court, challenging the agreements with Independent Power Producers (IPPs). The petition calls for a forensic audit of all IPP contracts, aiming to address the issue of excessive payouts and bring relief to power consumers. The plea opposes the renewal of existing IPP…
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ISLAMABAD: The Private Power and Infrastructure Board (PPIB) has recommended postponing the inauguration of the 884 MW Suki Kinari Hydropower Project until the achievement of its Commercial Operation Date (COD), sources told Business Recorder. The project company reported that the Reliability Run Test (RRT), required under the Power Purchase Agreement, began on August 30, 2024. However, after nearly completing the…
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