Day: December 13, 2023

Nestlé powers PKR 2 billion renewable energy investment in Pakistan

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nestle-pakistan

Swiss Ambassador to Pakistan Georg Steiner inaugurates Nestlé Pakistan’s 2.5MW solar power plant near Multan spread over 4.8 acres and completed with an investment of PKR 480 million LAHORE: Nestlé reaffirms its commitment to Pakistan’s vision for renewable energy with investment of PKR 2 billion in renewable power and sustainability initiatives. In a first, Nestlé Pakistan inaugurated a 2.5 megawatt solar power plant completed with an investment of PKR 480 million at its Kabirwala Factory that aims to reduce 1,800 tCO2e of greenhouse gas emissions per year. Nestlé Pakistan’s PKR…

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Dams Committee reviews progress on Diamer Basha, Mohmand Dams

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Mohmand-Dams

December 12, 2023: The Implementation Committee on Diamer Basha and Mohmand Dams (ICDBMD), constituted by the Honourable Supreme Court of Pakistan, reviewed progress on both the projects in its meeting held at ICDBMD Secretariat Islamabad. The meeting presided over by Pakistan Water and Power Development Authority (WAPDA)/ ICDBMD Chairman Engr Lt Gen Sajjad Ghani (Retd), was attended by Chief Secretary Gilgit Baltistan, Additional Secretary (Budget) Finance Division and Secretary/ Senior Member Board of Revenue Khyber Pakhtunkhwa (KP) via Zoom. While Additional Chief Secretary (Development) KP, Joint Secretary PM Office, ICDBMD…

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Solis Recognised Among Top 50 Chinese Global Enterprises

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New-Solis

Ningbo, China, 6 December 2023 — Ginlong (Solis), a leading photovoltaic (PV) inverter manufacturer and the world’s third-largest player (Stock code: 300763.S.Z), proudly announces its prestigious inclusion in the “GlocalIN Top 50 Technology Faces of Chinese Global Enterprises” corporate map. MIT Technology Review China, DeepTech, and LinkedIn China have collaboratively unveiled the “GlocalIN Top 50 Technology Faces of China’s Global Enterprises” map, recognising Solis for its exceptional contributions to the field of clean energy technology. This selection process focused on evaluating companies across intelligent hardware, industrial robots, medical health, and…

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SSGC seeks increase in average prescribed price

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SSGC

ISLAMABAD: Sui Southern Gas Company Limited (SSGC) has sought an increase in average prescribed price by Rs 226.18 per mmbtu and Rs 48.80 per mmbtu for estimated RLNG cost of service with effect from July 1, 2023. In its petition for review of its estimated Revenue Requirement/Prescribed price for fiscal year 2023-24, the SSGC has projected a shortfall in revenue requirement for the current fiscal year is at Rs 47.773 billion. A public hearing on the petition has been scheduled to be held on December 18 in Karachi.

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Industry and investors: Dispute resolution tribunal to be set up

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New-SIFC

ISLAMABAD: The government has decided to establish a specialised tribunal to resolve disputes expeditiously between industry and investors aimed at facilitating them onsite, well-informed sources told Business Recorder. The decision was taken at the first meeting of the working group, constituted by the SIFC in its sixth Executive Committee meeting held on October 24, 2023 under the chairmanship of Minister for Privatisation, Fawad Hasan Fawad. Chief Secretaries of Punjab, Sindh, KPK, Balochistan, Secretary Privatisation Division, Secretary Power, Secretary SIFC and representatives of Board of Investment, Privatisation Division and Ministry of…

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