Day: September 25, 2023

Hopewind plans to build technical support teams, hold training sessions to harness Pakistan’s clean energy potential

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Hopewind-plans

Hopewind, the world’s leading renewable energy equipment producer, has plans to build technical support teams in Pakistan comprising local technicians for efficient service to its customers using clean energy options for energizing their homes and offices. “We have also plans to conduct local R&D activities to promote and support the Pakistani renewable sector for maximum utilization of solar and wind power potential of our country,” said Hopewind’s new Country Manager in Pakistan, Syed Salman Mohiuddin, while speaking at a webinar titled: “Smart energy choice for your home & business.He said…

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SNGPL imposes Rs55m in fines over gas pilferage in Punjab, KP

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sngpl.jpg

LAHORE: Sui Northern Gas Pipelines Limited (SNGPL) teams have disconnected 7,187 connections — 7,144 domestic and 43 commercial — in several operations from September 8 to date in Punjab and Khyber Pakhtunkhwa due to gas pilferage and other complaints. The company imposing heavy fines totalling Rs55.2 million, according to an SNGPL spokesperson. “Over the past 17 days, we have disconnected a total of 7,187 connections across all regions of the company,” said the spokesperson while talking to Dawn on Sunday. “We will provide a complete breakdown by region on Monday (today),” he…

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Is the worst behind Pakistan’s economy?

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Pakistan-economy

ISLAMABAD: While it remains too early to assert definitively, several indicators suggest that Pakistan’s economy may have weathered the worst of its recent challenges. There were serious concerns that due to the IMF’s push for easing import controls and letting the exchange rate float, the rupee may see further free fall. However, after hitting a record low of Rs335 on September 5, the rupee is regaining ground, stabilising at approximately Rs292 to the US dollar, a level where the caretakers inherited. Foreign exchange reserves have surged past $13 billion, including…

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Boosting industrial competitiveness: SIFC executive body seeks a financial plan

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Shamshad-Ather

ISLAMABAD: The Executive Committee of Special Investment Facilitation Council (SIFC) has directed that a financial plan be prepared to introduce industrial tariffs based on cost of service to tackle the issue of cross subsidy for domestic users, which is eroding competitiveness, sources close to caretaker Finance Minister told Business Recorder. Secretary Commerce, Secretary Finance and Secretary Power have been directed to devise a mechanism to reduce the cost of electricity involving: (i) implementation of wheeling at cost of 1 cent per unit; and (ii) formulation of a committee on capacity charges…

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Agreements with IPPs the reason behind power crisis: Shaikhani

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power-subsidy

HYDERABAD: President of Hyderabad Chamber of Small Traders & Small Industry Muhammad Farooq Shaikhani has said that the main reason for the electricity crisis in Pakistan is the contracts made with Independent Power Producers (IPPs) along with electricity stealing and the consequences are always borne by the traders and the people in the form of non-availability of electricity and expensive electricity. He said that according to the statistics of Wikipedia, Pakistan’s electricity generation capacity as of June 30, 2022 is 43,775 MW, which includes 26,683 MW thermal, 10,635 MW hydro,…

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