Year: 2021

PIA Received Delivery of The Second A320 Aircraft Acquired on Dry Lease

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The A320 aircraft reached Islamabad airport from Paris. CEO PIA, Air Marshal Arshad Malik congratulated the airline officials on the induction of the aircraft. He said that new version of fuel efficient aircraft will further improve PIA service. He instructed the concerned departments to complete all necessary formalities as soon as possible to bring this aircraft in flight operation. CEO PIA thanked Aviation and Finance Ministies for their support. With the induction of this aircraft PIA now has eleven A320 aircraft in its fleet. The airline plans to induct more…

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Sindh Makes History in Announcing the First Green Hydrogen Project of Pakistan.

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MOU Signing Ceremony for 400MW Green Hydrogen Project in Sindh was held at Energy Department, Karachi. Ms. Naheed Memon Chief Executive Officer (CEO) of Oracle Power, a UK listed company and Mr Yang Jianduo Chief representative in Pakistan of Power China International, signed the MoU for the joint development of the first green hydrogen project in Pakistan. The MOU signing for the 400MW Green Hydrogen Project in Sindh was witnessed by, Minister of Energy Sindh Mr. Imtiaz Ahmed Shaikh and His Excellency Consul General of China in Karachi Mr. Li…

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CBA Backs Mass Rollout of Small Solar Farms With Hydrogen Battery Storage

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Plans to pilot an innovative all-Australian made hydrogen hybrid battery storage solution across tens of sub-5MW solar farms across regional Victoria and NSW have been underwritten by the Commonwealth Bank. Green investment firm Providence Asset Group said on Thursday that it had signed a $33 million project finance agreement with the CBA to bankroll 10 operational solar farms in regional Victoria, each of which will be fitted with a Lavo Heos green hydrogen energy storage and production unit. Providence, or PAG, is also developing a further 29 solar projects in…

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Expansion of Thar coal mine to save $240 million forex annually

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Sindh Chief Minister has approved Phase-III Coal Mine expansion project in Thar at an estimated cost of Rs15.8 billion to excavate 12.2 Mt coal per annum which is bound to save $420 million forex annually against the imported coal.“The third phase would reduce coal price to $27 per ton, making it the cheapest base load fuel in the country and Central Power Purchasing Agency (CPPA) basket tariff would reduce by Rs0.49/kwh to Rs15.05/kwh by saving consumers Rs60 billion annual and top of it the Sindh government would earn Rs10 billion…

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PPIB Becomes Part of Clean, Green Pakistan Drive

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Islamabad: Today, 100 trees were planted in Islamabad by the Private Power and Infrastructure Board (PPIB) to follow the vision of the Prime Minister of Pakistan for creating a positive image of the country by making it clean and green. The Managing Director PPIB Mr. Shah Jahan Mirza inaugurated the event by planting a tree and thereafter all the PPIB senior officials fully participated in planting the 100 trees which include peach, citrus, guava and plum trees. The initiative was supported by the Capital Development Authority by providing logistic support.MD…

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