Month: February 2024

150MWP SUKKUR SOLAR POWER PLANT STARTS COMMERCIAL OPERATIONS

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SOLAR-POWER

Nizam Energy and its Partner Scatec Solar are proud to announce the start of Commercial Operations at its landmark 150MWp Solar Power Plant in Sukkur, Pakistan. The power plants will generate approximately 300 GWh annually under 25-year power purchase agreements with Central Power Purchasing Agency of Pakistan (CPPA). The Solar Power Plant is located in the city of Sukkur, and will provide clean energy to the national grid in Pakistan. We would like to take the opportunity to thank our long standing partner Scatec ASA, our Consortium of Banks, Government…

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Polls laced with unpredictability

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party-secures

Independents may play key role if no party secures decisive majority ISLAMABAD: The next general elections scheduled on the 8th of this month are poised to be a pivotal chapter in Pakistan’s political history, as they are marked by multifaceted challenges and evolving dynamics. As the nation grapples with its worst economic crisis, security concerns from militant groups, and disillusioned youth, the political stage is set for a complex and intriguing electoral battle. The security challenges are significant, with the Tehreek-e-Taliban Pakistan (TTP) and Da’esh posing serious threats, especially in…

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KCCI REJECTS UNEXPECTED HIKE IN PETROLEUM PRICE Hike in petrol price to hit all segments of society, terribly affect industrial production: Iftikhar Sheikh

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KCCI-Import

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh, while rejecting the unexpected hike in price of petroleum, stated that although a hike somewhere in between Rs5 to Rs9 per liter was being expected as prices of petroleum products have increased in the international market but it was highly unfair to blatantly raise petrol price locally by Rs13.55 per liter which would terribly hit all segments of society and intensify the hardships particularly for general public, besides terribly affecting the industrial production as the cost of doing…

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NEPRA mulls record Rs5.62/unit hike in electricity prices

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power-subsidy

Attributed to elevated reference fuel cost, reduced hydropower availability in Dec 2023 ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has deferred its decision regarding the request from power distribution companies (DISCOs) to raise the electricity price by Rs5.6194 per unit, citing fuel charges adjustment (FCA) for December 2023. Earlier, the Central Power Purchasing Agency (CPPA), at the behest of DISCOs, submitted an application to NEPRA seeking an increase in electricity prices under the FCA for December 2023. NEPRA conducted a public hearing on January 31, 2023 (Wednesday), primarily focusing…

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Solar panel PV projects: PPIB seeks fixed interest/ mark-up rate on CDLs

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power-tariff

ISLAMABAD: The Private Power & Infrastructure Board (PPIB) has sought fixed interest/mark-up rate on Cash Development Loans (CDLs) for three solar panel PV projects to be established in South Punjab, official sources told Business Recorder. The PPIB, in a letter to Power Division referred to the acquisition of land for the development of large utility-scale solar PV projects under the Framework Guidelines for fast track solar PV initiative 2022, particularly substitution of expensive imported fossil fuels with solar PV energy. According to the PPIB, framework guidelines stipulate that the land for…

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