Day: May 16, 2024

SITE industries welcome cut in POL prices

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site-association

KARACHI: Muhammad Kamran Arbi, President of the SITE Association of Industry has welcomed the mark able reduction in petrol & diesel prices by up to Rs.15/- per litre by the government. He has requested the government to reduce electricity and gas tariff as well so as to take the industries & economy out of prevailing crisis and added that this will definitely have positive impact on the national economy. In his statement, Kamran Arbi stated that it is laudable move of the government to reduce POL prices in the wake…

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PM Shehbaz Facilitates Historic Energy Agreement in AJK

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Shahbaz-Sharif

In a significant stride towards bolstering Pakistan’s energy infrastructure, Prime Minister Muhammad Shehbaz Sharif presided over the signing of a momentous Memorandum of Understanding (MoU) between the Governments of Pakistan and Azad Jammu and Kashmir. The agreement, inked on 16 May 2024, paves the way for the ambitious 960 MW Dudhnial Hydropower Project. The ceremony, graced by dignitaries and officials from both regions, marks a collaborative effort to harness renewable energy resources and enhance power generation capabilities. Prime Minister Shehbaz Sharif emphasized the strategic importance of such initiatives in meeting…

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Time to Act: Accelerating Renewables for a Sustainable, Reliable, Affordable Energy Future

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K-Electric

Karachi, May 16, 2024: Although Pakistan continues to grapple with its energy challenges, the nation has been actively incorporating renewable energy into its energy strategy. To delve deeper into this critical topic, Nutshell Group hosted the most recent iteration of their webinar series, ‘The Future of Energy’ in collaboration with K-Electric, titled The Trajectory of Renewable Energy in Pakistan. K-Electric’s commitment to renewable energy and its advocacy for renewables in Pakistan have been longstanding. As the largest power distribution company in Pakistan’s major metropolis, K-Electric has consistently demonstrated a forward-thinking…

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No Fixed Tax on Solar Panels: Owais Leghari

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solar-panel

Karachi (TV Report): In the Geo TV program “Aaj Shahzeb Khanzada Ke Saath,” Federal Minister for Power Division Owais Leghari clarified that there are no plans to impose a fixed tax on solar panels. He emphasized that the determination of electricity tariffs for the next year is independent of the IMF’s influence. Leghari expressed a desire for more people to adopt solar energy to reduce the load on the system. Minister Leghari reiterated the government’s commitment to maintaining existing net metering agreements. While he mentioned that the formula for future…

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Chinese Technology JI Acquires Licenses for LONGi Solar Panels and Huawei Inverters in Pakistan

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solar-panel

LAHORE – Chinese Technology JI has obtained licenses to distribute LONGi solar panels and Huawei inverters in Pakistan and Afghanistan. Operations commenced following an inauguration ceremony led by CEO Mr. JI from China. During the opening ceremony, Mr. JI highlighted the rising demand for solar panels in Pakistan. “We will provide comprehensive solar panel solutions with substantial financial backing, utilizing internationally renowned companies LONGi and Huawei,” he stated. Mr. JI emphasized that the Pakistani industry and general populace would benefit from cheaper electricity, fostering economic growth and development. General Manager…

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