Roadshow planned for solar plants


Environmental, social impact of floating solar plants has already been studied, declared by experts as manageable ISLAMABAD: Pakistan will hold a roadshow in Bangkok on January 29 to attract investment in floating solar plants of 300MW to be set up at the site of Tarbela-Barotha Complex. Under the project, Pakistan aims to develop two 150MW floating solar plants, the Pakistan…

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National Bank of Pakistan will collaborate with NASTP for strategic initiatives


National Bank of Pakistan and National Aerospace Science and Technology Park (NASTP) have entered into an agreement, marking a substantial and noteworthy stride in their collaborative endeavors. The event took place at the state-of-the-art NASTP Karachi establishment, where Amin Manji, the CTO and Group Chief of the Information Technology Group at NBP, joined hands with Air Commodore Ghayas Uddin, the…

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100 new biogas plants will soon be established in UP: Hardeep Puri


Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Saturday said that 100 new biogas plants will soon be established in Uttar Pradesh. Speaking to reporters in Lucknow before going to the inauguration of the Compressed Bio Gas Plant in Budaun, Puri said that in the last seven years, under the leadership of Chief Minister Yogi Adityanath, the state…

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Tehran move for international arbitration: Iran extends IP gas line project deadline by 180 days


ISLAMABAD: Iran has extended the deadline on the much-delayed IP gas line project by 180 days till September 2024. If Islamabad fails to positively respond, Tehran will move the Paris-based International Arbitration, seeking a penalty of $18 billion, top government officials told The News. “However, Iran has offered to send its legal and technical team to Pakistan to jointly work…

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Gas from new discoveries: SNGPL opposes giving half share to ‘third party players’


ISLAMABAD; Sui Northern Gas Pipeline Company Limited (SNGPL) has opposed allocation of 50 per cent indigenous gas from new discoveries to politically influential third party players through amendments in Petroleum (Exploration and Production) Policy 2012, to be presented before the Council of Common Interests (CCI) on Monday (today), well informed sources told Business Recorder. According to SNGPL, it received a summary…

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Pesco resents ‘excessive’ supplemental charges by CPPA-G


ISLAMABAD: Peshawar Electric Supply Company (PESCO), one of the worst performing Discos, has reportedly protested with CPPA-G on charging of unbridled supplemental charges from it in violation of NEPRA determination. Chief Executive Officer (CEO) PESCO, in a letter informed CEO CPPA-G that his organisation has charged supplemental charges amounting to Rs. 4.306 billion to PESCO for the month of Oct-2023…

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Privatisation programme: MoF opposes delisting of all Discos


ISLAMABAD: Ministry of Finance (MoF) has opposed delisting of all power Distribution Companies (Discos) from the privatisation programme, suggesting that only those companies be delisted which are selected for the concession model, well informed sources told Business Recorder. Power Division, sources said, has prepared a new proposal for the Cabinet Committee on Energy (CCoE) with respect to Discos’ fate, after withdrawal…

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