Day: March 11, 2024

Government Urges Gas Companies to Secure LNG Financing

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Gas-Prices

To maintain a steady supply of LNG, the government has instructed Sui Northern Gas Company Limited (SNGPL) and Sui Southern Gas Company (SSGC) to arrange financing from banks. This move aims to assist Pakistan State Oil (PSO) in managing Letters of Credit (LCs) for LNG imports, according to a senior official from the Energy Ministry speaking to The News. The financial strain on PSO has reached critical levels, with outstanding borrowings exceeding Rs461 billion and financing costs soaring to over Rs7 billion. With projections indicating a substantial increase in finance…

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Commerce Ministry Urges Chinese Firm to Form Joint Venture for Accelerated Localization of Solar Panels

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solar-energy

In a recent inter-ministerial meeting chaired by Rashid Mahmood Langrial, Additional Secretary Incharge of the Ministry of Industries and Production, the Commerce Ministry has encouraged M/s Sinotec Solar (Pvt) Ltd, a Chinese company, to consider establishing a joint venture (JV) with M/s Ghani Glass to expedite the localization of solar panel-related items. Langrial reviewed the progress made since the last meeting on February 26, 2024, emphasizing the need to address tariff and tax anomalies faced by the local solar industry. While he advocated for the removal of such barriers, he…

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Public Sector Oil Companies Directed to Establish Renewable Energy Plants: PMO Seeks Detailed Plan

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russain oil

The Prime Minister’s Office (PMO) has issued directives to the Ministry of Energy, specifically the Petroleum and Power Divisions, to formulate a concrete plan within one month for the establishment of renewable energy plants by public sector oil companies. This initiative stems from Prime Minister Shehbaz Sharif’s inaugural address to the National Assembly, where he emphasized the importance of transitioning towards renewable energy sources. In correspondence dated March 4, 2024, Syed Shakil Shah, additional secretary-II at the PMO, outlined various action points from the Prime Minister’s speech, now translated into…

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Redefining GoodWe Meetup and Solar Expo 2024 in Pakistan

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Goodwe-1

In a notable display of its rising prominence, GoodWe recently hosted the Redefining GoodWe Meetup 2024, an event that surpassed all expectations. With a turnout of over 250 attendees, the evening unfolded as a vibrant convergence of industry leaders, partners, and enthusiasts. The Meetup featured captivating in-depth speaking topics led by GoodWe’s expert team, from advanced commercial and utility solutions to full-cycle aftersales system integration. Attendees gained valuable insights into the company’s latest innovations, solidifying GoodWe’s position as a thought leader in the smart energy solutions sector. One of the…

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