Month: March 2024

SIFC Raises Concerns Over UAE Focal Persons’ Response to RE Project Interest

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Renewable-Energy

The Special Investment Facilitation Council (SIFC) has expressed reservations regarding the lack of response from United Arab Emirates (UAE) focal persons to a company interested in renewable energy (RE) projects in Pakistan. In a letter addressed to relevant ministries, SIFC enclosed a letter from the Ministry of Foreign Affairs (MoFA), based on communication from Pakistan’s ambassador to the UAE, highlighting the issue. According to sources, the Foreign Office’s ambassador in Abu Dhabi held a meeting with the Abu Dhabi Development Holding Company (ADQ) focal person to discuss updates on seven…

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Iranian Firm Sunir Seeks PM’s Help for Outstanding Dues

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Power-control

M/s Sunir, an Iranian firm, has reached out to Prime Minister Shahbaz Sharif seeking assistance in receiving payment for outstanding dues owed by the National Transmission and Despatch Company (NTDC). In a letter to the Prime Minister, Managing Director Hasan Gholinezhad highlighted Sunir’s completion of the Gwadar Pak-Iran 220KV interconnection transmission line, allowing for the import of an additional 100MW of electricity from Iran to the Gwadar region despite significant challenges such as security issues and adverse conditions. The company claims that, despite fulfilling their contractual obligations and beginning work…

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PPIB Develops New Arrangements for Thatta Cat-III Wind Projects

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wind_energy

The Private Power & Infrastructure Board (PPIB) has introduced new arrangements for Category-III wind projects in Thatta, aiming to facilitate the purchase of 300 MW of electricity by K-Electric (KE) through its transmission network, according to sources familiar with NEPRA’s information. The Managing Director of PPIB, Shah Jahan Mirza, communicated these developments in a letter to NEPRA’s Chairman, Waseem Mukhtar. The new arrangements stem from a decision by the Cabinet Committee on Energy (CCoE) in February 2019, subsequently endorsed by the Council of Common Interests (CCI) under the Alternate Renewable…

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IMF Urges Full Utilization of Power Plants to Lower Tariffs

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power-sector

The International Monetary Fund (IMF) has recommended strategies to reduce power tariffs for various consumer categories, emphasizing the need to fully utilize new power plants and optimize the energy mix. According to sources in the Ministry of Finance, the IMF has advised the government to operate new power plants at maximum capacity to effectively meet the country’s energy demands. Currently, consumers face an annual burden of around Rs2 trillion in capacity charges due to underutilization of these plants. The IMF proposes lowering industrial tariffs by reducing capacity charges, which could…

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Solis Celebrates Ninth Consecutive EUPD Top Brand PV Award, Marking a Legacy of Excellence

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New-Solis

Ginlong (Solis) Technologies, one of the most experienced and the third largest inverter manufacturers in the world, is delighted to announce that it has been awarded the prestigious seal of recognition for ‘Top PV Inverter Brand’ in the Netherlands by global market research organisation, EUPD.  The award marks the 9th consecutive year that Solis has been privileged with an EUPD seal, affirming its continued commitment to excellence in the field. This repeated accolade is a testament to Solis’s consistent pursuit of innovation, exceptional product reliability, and the trust it has…

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