Month: February 2023

Utilising natural resources can help ‘bid IMF goodbye

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Senator Mushahid Hussain Syed has said that by utilising “our natural resources, we can bid goodbye” to the International Monetary Fund’s handouts. “If we truly exploit and utilise our mineral wealth, natural gas, and offshore blue economy, cumulatively worth almost a trillion dollars, Pakistan can bid goodbye to the International Monetary Fund handouts, which we have received for 23 times, without bringing about quality change,” the senator said while addressing the workers of the China-Pakistan Economic Corridor (CPEC) projects in Sindh on Sunday. The parliamentary delegation was led by Senator…

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Private Power And Infrastructure Board Ministry Of Energy (Power Division) Government Of Pakistan

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PPIB ENERGISES NATIONAL GRID WITH ANOTHER 1320 MW CHEAP AND INDIGENOUS ELECTRICITY Private Power and Infrastructure Board (PPIB) on 5th February 2023 announced achievement of Commercial Operation Date (COD) of country’s largest Thar coal based power project located at Thar Block-1. Having the generation capacity of 1320 MW, Shanghai project has been implemented under the China-Pakistan Economic Corridor (CPEC). The Project is developed by Thar Coal Block-1 Power Generation Co., a fully owned subsidiary of Shanghai Electric. The Project has attracted valuable foreign direct investment of $1,912 million which is…

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Power tariff hike gets PM’s nod to salvage IMF deal

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electric

With only three days left to end differences, Prime Minister Shehbaz Sharif on Monday gave a go-ahead to increase electricity prices aimed at striking a deal with the International Monetary Fund (IMF), which may further push the annual base tariff up by about 33%. The decision in principle was taken in a meeting held at the Prime Minister House after the IMF did not budge from its earlier stance that Pakistan will have to honour its past commitments. The premier chaired the meeting online, as he was in Lahore. There…

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SolaX On-grid Inverters, Your Most Reliable Option

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As one of the world’s leading inverter suppliers, SolaX on-grid inverters enjoy great popularity all over the world and they are now also available in Pakistan. These inverters stand out not only for their superior performance but also for many excellent functions, such as reactive power compensation and AFCI protection. * Reactive Power Compensation Since inverter load consumes both active and reactive power in practical cases, reactive power compensation is developed to maximize active power output of the inverter. And SolaX inverter would intelligently alter the power factor when providing…

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All set for inking pact with Denmark under DETI

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wind energy

Pakistan and Denmark are likely to sign agreement under Danish Energy Transmission Initiative (DETI) during the visit of Danish Minister for Development Cooperation and Global Climate Policy, Dan Jorgensen, well informed sources told Business Recorder. The pact will be signed by the Danish Ambassador to Pakistan Jakob Linulf and Secretary Power Division, Rashid Mahmood Langrial on February 7, 2023 (tomorrow). According to the agreement, a total budget of 2 million DKK has been approved for DET|-activities in Pakistan including technical advice from DEA, Energinet and International consultants. Framework agreement with Denmark:…

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