Day: March 18, 2025

Lowest Power Production in February 2025: KP Advisor Rejects Federal Govt’s Economic Claims

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Power-sector

PESHAWAR:* Advisor to the *Chief Minister of Khyber Pakhtunkhwa, Muzzammil Aslam, has dismissed the federal government’s assertions of economic improvement, citing alarming trends in *electricity production and industrial output. In a statement issued on *Monday, Aslam highlighted that **Pakistan recorded its lowest electricity production in February 2025, marking the weakest output since **February 2020, when the economy was reeling from *post-COVID-19 impacts. Additionally, the large-scale manufacturing (LSM) sector contracted by 1.8% in the first seven months of the current fiscal year, with January alone witnessing a negative growth of 1.2%.…

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Seven IPPs Seek Tariff Reduction Under Hybrid Take-and-Pay Model

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IPPs

ISLAMABAD:* The National Electric Power Regulatory Authority (Nepra) has admitted a joint tariff reduction application filed by seven Independent Power Producers (IPPs) under the *Power Generation Policy 2002, in collaboration with the **Central Power Purchasing Agency-Guaranteed (CPPA-G). The proposal aligns with agreements made with the *Government’s Task Force on Power Sector Reforms. The seven IPPs seeking tariff adjustments include: The *Task Force, headed by **Federal Minister for Power Sardar Awais Khan Leghari, also includes **SAPM on Power Muhammad Ali, National Coordinator Lt General Muhammad Zafar Iqbal, Chairman Nepra, CEO CPPA-G,…

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PQEPC Warns of Plant Shutdown Over Rs 93.5 Billion Payment Delay

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New-PQEPC

ISLAMABAD:* Port Qasim Electric Power Company (PQEPC) has warned the government of a potential suspension of plant operations due to prolonged payment delays, stating that it could halt production without incurring liquidated damages (LDs) under its Power Purchase Agreement (PPA). The *1320 MW coal-fired plant, a key China-Pakistan Economic Corridor (CPEC) energy project, is among several Chinese-backed power plants facing severe financial strain. Total outstanding receivables for CPEC coal plants *exceed Rs 300 billion (over *$1 billion), hampering dividend payments to shareholders and stalling approvals for *new loans and insurance…

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Pakistan Eyes $8 Trillion Mineral Wealth, Plans Investor Conference

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New-Project51

ISLAMABAD:* The government is ramping up efforts to unlock Pakistan’s vast mineral reserves—now estimated at $8 trillion—by attracting local and foreign investment. To showcase these opportunities, a high-profile mineral conference is planned for next month. At a recent federal cabinet briefing, officials highlighted the significant growth in estimated mineral wealth, up from the previous $6 trillion assessment. Currently, the mineral sector contributes 1% to GDP and employs 300,000 workers. The cabinet was also informed about major mineral deposits and ongoing extraction projects, particularly in Balochistan. Among the key initiatives is…

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Solis Marks 20 Years of Excellence with Bloomberg NEF Tier 1 Recognition

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New-Solis1

Ginlong (Solis) Technologies, a global leader in solar inverter manufacturing, proudly celebrates its 20th anniversary with a prestigious Bloomberg NEF Tier 1 ranking for Q1 2025. This recognition reaffirms Solis’ commitment to innovation, reliability, and sustainability in the renewable energy sector. The BloombergNEF Tier 1 designation is awarded to manufacturers demonstrating financial stability, consistent product performance, and a proven track record in large-scale solar projects. This milestone further solidifies Solis’ leadership in Pakistan’s solar industry, offering high-efficiency solutions to meet the nation’s growing energy demands. “Achieving Tier 1 recognition in…

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