Day: May 22, 2024

Leading Experts Convene in Islamabad for OICCI and Shell Pakistan’s Energy Symposium

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Islamabad, May 22, 2024: Overseas Investors Chamber of Commerce and Industry (OICCI), and Shell Pakistan Limited jointly hosted the Pakistan Energy Symposium. This significant event was produced by the Nutshell Group and took place at a local hotel. The Pakistan Energy Symposium – ‘Powering the Future’ brought together public stakeholders, policymakers, thought leaders, and industry specialists, to chart out a course for Pakistan’s sustainable energy future. Deliberating on adding renewables to Pakistan’s energy mix Senator Dr. Musadik Malik, Federal Minister for Petroleum & Water Resources, said, “Pakistan has sunlight, wind, water, and…

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Poland-Pakistan trade volume more than US$920 million: Ambassador

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Poland-Pakistan

KARACHI: The Ambassador of Republic of Poland Maciej Pisarski has informed that the overall trade volume between Poland and Pakistan has reached to more than US$920 million, of which Pakistan exported goods worth US$800 million due to GSP Plus arrangement which gives duty free access of Pakistani goods to Polish Market whereas Poland’s exports to Pakistan stood at US$128 million last year.Polish Ambassador, who led a high-level trade delegation from Poland during its visit to the Karachi Chamber of Commerce and Industry (KCCI) on Wednesday, said, “keeping in view the…

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LONGi Successfully hosts its Renewable Energy Forum in Karachi

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Longi-event

Karachi, Pakistan – May 21, 2024 – LONGi, the global pioneer in green power and green hydrogen solutions, proudly hosted ‘LONGi’s Renewable Energy Forum’ on May 20, 2024 in Karachi. The event brought together key industry leaders, government officials, and visionaries in the field of renewable energy. The event kicked off with a warm welcome session, followed by an inspiring welcome speech by James Jin, President of LONGi MEA&CA. He underscored LONGi’s commitment to supporting Pakistan’s energy transition, emphasizing the significance of LONGi’s green power + green hydrogen capability, differentiated…

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Electricity Generation Drops 13.87% to 8,639 GWh in April

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electricty

KARACHI: Pakistan’s electricity generation decreased by 13.87 percent to 8,639 GWh (11,612 MW) in April 2024, compared to the same month last year, driven by reductions in generation from RLNG, gas, local coal, and wind, according to data released on Tuesday. In April, the country produced 2,157 GWh of electricity from RLNG, 2,070 GWh from hydel, 2,043 GWh from nuclear, 975 GWh from gas, and 881 GWh from local coal. However, the monthly generation increased by 7.7 percent compared to March’s 8,023 GWh, owing to improved output from Re-gasified Liquid…

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Power Sector Debt Surges 14% to Rs2.635 Trillion in 7 Months

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power-sector

ISLAMABAD: The power sector debt surged to Rs2.635 trillion between July 2023 and January 2024, marking a 14 percent increase from the previous year, according to data from the Power Division. At the end of the fiscal year 2022-23 in June, the sector’s total debt stock stood at Rs2.31 trillion. Despite government efforts to retire some debt of Independent Power Producers (IPPs) and raise the power base tariff, the debt grew by Rs46.42 billion (or $166 million) each month. A drive against power theft, championed by the caretaker government, fell…

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