Day: May 3, 2024

Irani Diesel ⛽️ back to 10,000,000 lites per day. Valued @$100/ bbl delivered C&F Karachi ; this amounts to $2.3 Billion per annum.

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iranian-diesel

Irani Diesel ⛽️ back to 10,000,000 lites per day. Valued @$100/ bbl delivered C&F Karachi ; this amounts to $2.3 Billion per annum. Mostly paid by hundi/ hawal from Dubai to Iranian Dealers. 95% is delivered under informal Parchi system introduced in 2021 by FC( Dawn Business Reprt May 2nd 2024). About 10 million( including 3 million Baluch) , population depends on Irani Diesel Trade throughout country . With six dependents per family, 60-70 million population livelihood depends on this diesel and other smuggled Irani items. . 25-30 % of…

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Huawei FusionSolar Leads Innovation at 2nd Solar Show in Multan

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Huawei-Fusion

Multan witnessed a groundbreaking display of solar energy innovation at the 2nd Solar Show, where Huawei Fusion Solar emerged as a frontrunner in the industry. Collaborating with partners Bahum and Diwan, Huawei FusionSolar showcased a range of cutting-edge inverters that not only captured the attention of attendees but also set new standards in functionality and efficiency. The exhibition featured a diverse array of Huawei FusionSolar’s latest products, highlighting their technological prowess and commitment to sustainable energy solutions. Attendees were particularly impressed by the inverters’ advanced features, including smart monitoring systems,…

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Huawei Pakistan Digital Week 2024: Unleashing Innovation in Energy and Infrastructure

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Huawei-Pakistan

Islamabad recently hosted Huawei Pakistan Digital Week 2024, a vibrant event that brought together innovation and industry expertise. The showcase highlighted Huawei’s latest advancements in digital solutions, with a focus on energy and infrastructure. Attendees were treated to immersive presentations, live demonstrations, and insightful discussions on the latest trends and technologies. The event spotlighted Huawei’s cutting-edge Smart PV & BESS and Data center products, including the groundbreaking Huawei SUN2000-150KTL-MG0 Smart string inverter, designed for commercial and industrial settings. The guest of honor, Mr. Shah Jahan Mirza, Managing Director of Private…

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Deal signed under 20-year BOOT model: Burj, PCL to develop and finance first wind power project

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Wind-Solar

KARACHI: Burj Solar and Power Cement Limited (PCL) have signed an agreement to develop and finance the country’s first distributed generation wind power project of 9.6 megawatts (MW). Under the 20-year Build-Own-Operate-Transfer (BOOT) model, Burj Solar will install two 4.8 MW wind turbines at PCL’s premises, with Orient Energy serving as the contractor. This project builds on the successful partnership between the two companies, following Burj’s previous 7 MW solar power plant for PCL commissioned in 2022 under the same BOOT structure. The distributed wind project holds immense commercial viability,…

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IPP payments, Gwadar power plant: MoFA asks PD to address Chinese concerns

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ISLAMABAD: The Ministry of Foreign Affairs (MoFA) has asked Power Division to develop concrete measures to address Chinese concerns, especially those related to the delayed IPP payments, Gwadar power plant and return on investment to the stakeholders in CPEC projects, well informed sources told Business Recorder. The overdue amount of CPEC power projects has reached Rs 526 billion, mainly due to delay in release of subsidies for the last quarter of current fiscal year, low collection due to winter season and another hit of Rs 100 billion arrears on account…

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