Year: 2021

JV Agreement Signed to Build Pakistan’s First Manufacturing Facility to Produce Supercapacitor Energy Storage Systems

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A USA-based technology company and a Pakistani industrial group have entered into a formal partnership to start for the first-time manufacturing of supercapacitor energy storage systems in Pakistan to promote usage of renewable electricity. A ceremony was held here at a hotel for the signing of a joint venture (JV) agreement between Ghani Global Holdings Limited (GGL) and Kilowatt Labs Inc USA to build Pakistan’s first facility to locally produce supercapacitor battery storage products. The manufacturing facility will be built at Allama Iqbal Industrial City in Faisalabad. Speaking on the…

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PPL Gets Philanthropy Award

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Pakistan Petroleum Limited (PPL) received Corporate Philanthropy Award by Pakistan Centre for Philanthropy (PCP) for being the largest corporate giver in terms of volume of donations during 2019-20, a statement said on Tuesday. PCP adjudged the winner based on their research-based annual philanthropy survey, awarding PPL during a Corporate Philanthropy Awards event organized by PCP in Islamabad. The event was attended by many business leaders, development professionals, and media. Advisor to the Prime Minister on Finance and Revenue Shaukat Tarin presented the award to chief community development officer of PPL…

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EPCL joins WEF Anti-Plastic Drive

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Engro Polymer & Chemicals (EPCL) has become the first affiliate member from Pakistan to join the World Economic Forum’s (WEF) Global Plastic Action Partnership (GPAP), as part of its sustainability efforts to promote circular economy and contribute to achieving zero plastics waste, it said on Tuesday. By leveraging the GPAP platform, EPCL will be able to forge national and international partnerships, learn from global best practices and lead circular plastics initiatives to help overcome the plastic pollution challenge in Pakistan,” the company said in a statement. In May 2021, EPCL…

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KE Installs ‘Black Start’ Facility

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 K-Electric (KE) implemented a ‘Black Start’ capability for the first time in their generation fleet at the Korangi Power Complex (KPC), which is expected to generate 247 MW of electricity for Karachi and curb unexpected black outs, a statement said on Tuesday. The facility augments KE’s ability to secure power supply against unexpected large-scale outages, allowing power plants to go from shutdown mode to generating power without any assistance from the external power grid, making the utility self-sufficient in restoring power in case of black outs. KE’s generation team tested…

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Karandaaz Okays Six Bidders for Climate Change Projects

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Karandaaz Pakistan, funded by UK’s Foreign, Commonwealth & Development Office (FCDO), announced its plans to fund six green transitional projects as part of its annual innovation challenge, a statement said on Tuesday. With support from FCDO, Karandaaz, this year, invited innovative projects seeking financing to implement plastic waste management and efficient water management solutions. After due diligence, Karandaaz selected Suftech Innovations, Davaam Life, a consortium of 8th Loop and Open Door Design, National Rural Support Program (NRSP), Linked Things, and National University of Medical Sciences (NUMS) as winners to receive…

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