Month: March 2024

PM directed Ministry Energy to complete 16 tasks within 1 to 3 months.

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Shahbaz-Sharif

The recent increase in gas prices has led Prime Minister Shehbaz Sharif to express concern. According to sources, Prime Minister Shehbaz Sharif has issued directives to the Ministry of Energy to complete 16 tasks within 1 to 3 months. It has been reported that Prime Minister Shehbaz Sharif has also instructed the presentation of a forensic audit report on the recent gas price increases within one month. Sources have revealed that Prime Minister Shehbaz Sharif, expressing concern over the recent increase in gas prices, has decided to assess the performance…

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New Conference will Demystify and Chart Pathways for Green Finance at World Future Energy Summit 2024

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New-02

‘Climate finance must happen in partnership between public and private sectors,’ says FAB Chief Sustainability Officer Conference debut comes as UAE looks to become Sustainable Finance Hub Abu Dhabi, March 25 2024: World Future Energy Summit, the leading business event for future energy and sustainability hosted by Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, is to debut a Green Finance Conference during its 2024 edition, which is set to run at Abu Dhabi National Exhibition Centre (ADNEC) from April 16-18. The Green Finance Conference,…

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Azad Pattan Hydropower Project Given Ultimatum by PPIB to Commence Work Within One Month

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Azad-Pattan

The Private Power and Infrastructure Board (PPIB) has issued a one-month ultimatum to Chinese Company M/s Azad Pattan Power (Pvt) Ltd -APPL to commence work on the 700.7-MW hydropower project. Failure to do so, along with obtaining approvals from M/s Sinosure, may lead PPIB to explore alternative options, according to sources familiar with the matter. This directive was conveyed during a recent meeting attended by key stakeholders, including representatives from CPPA-G, CPEC Secretariat, AJ&K Board of Revenue, Punjab Board of Revenue, and officials from APPL and PPIB. The Managing Director…

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Qatar Fund for Development Explores Opportunities in Pakistan’s Power Sector

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Power-generation

The Chief Executive Officer of the Qatar Fund for Development (QFFD), Khalifa bin Jassem Al-Kuwari, expressed interest in expanding the fund’s involvement in Pakistan’s power generation and housing sectors during a two-day visit to Pakistan from March 23-24, 2024. The visit aimed to strengthen bilateral cooperation and explore opportunities for collaboration in key development areas. During discussions with Minister for Economic Affairs Ahad Khan Cheema, both parties emphasized the importance of enhancing cooperation in the development of mega projects, particularly in the water sector. Minister Cheema highlighted Pakistan’s priority to…

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Oil Executives Remain Skeptical of Rapid Shift to Green Energy Amid Profit Boom

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solar-energy

At the annual CERAWeek conference in Houston, oil executives voiced skepticism about a swift transition to green energy, citing ongoing high demand and record profits in the fossil fuel industry. This sentiment contrasts with global climate commitments made at COP28, where leaders pledged to increase renewable energy usage significantly by 2030. Despite growing concerns over climate change and record temperature rises, industry leaders at CERAWeek expressed confidence in the continued growth of fossil fuel consumption. They argued that consumers are not ready to bear the costs associated with a rapid…

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