In a significant legal development, RIAA Barker Gillette, in collaboration with a leading English Law Firm, has achieved a decisive victory in arbitration proceedings against the Government of Pakistan (GOP) on behalf of Star Hydro Power Limited (SHPL). The final award, issued by the London Court of International Arbitration (LCIA), mandates the GOP to pay substantial amounts to SHPL within…
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Longi Solar, a global leader in renewable energy technology, and Netline Group of Companies, a premier renewable energy solutions provider in Pakistan, have signed a groundbreaking Memorandum of Understanding (MOU) to introduce advanced green hydrogen technology in Pakistan. This strategic partnership, announced in Abu Dhabi on April 17, 2024, marks a significant step towards promoting sustainable energy solutions in the…
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Saudi Arabia is edging closer to finalizing a potential deal to acquire a minority stake in the Reko Diq gold and copper mining project, according to sources familiar with the matter, as reported by Bloomberg. Manara Minerals Investment Company, backed by the Saudi sovereign wealth fund, is in discussions to invest a substantial sum of at least $1 billion into…
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In a significant admission, the government has acknowledged the recurring issue of overbilling by power distribution companies (Discos), highlighting a lack of awareness about the extent of faulty meters within the system. Power Minister Awais Ahmad Khan Leghari, in a recent news conference, pledged decisive action against complicit staff and officers while hinting at potential rate reviews for various consumer…
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The Pakistani government has ramped up efforts to deregulate petroleum product prices in response to mounting challenges such as fuel smuggling and industry complaints. This move aims to shift public criticism towards oil marketing companies (OMCs) and address issues plaguing the oil sector. Under a directive from the petroleum division, the Oil and Gas Regulatory Authority (Ogra) has been tasked…
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During the recent IRENA General Assembly, member countries emphasized the critical role of sustainable hydropower in accelerating their energy transition efforts. The International Hydropower Association (IHA) played a pivotal role in this dialogue, offering a platform for showcasing good practices, sharing progress, and providing guidance and policy recommendations for enhancing sustainable hydropower. IHA’s CEO, Eddie Rich, and Head of Policy,…
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The Pakistan Petroleum Exploration and Production Companies Association (PPEPCA) has issued a warning, stating that the non-payment of dues by Sui gas companies has reached an alarming Rs1,500 billion as of March 15, 2024. This substantial debt, coupled with recent massive gas tariff increases, is hindering further exploration and production activities in the country. In a letter addressed to Petroleum…
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