Day: July 16, 2025

LONGi and UNHCR power Bolan Medical Complex with solar energy system, saving Rs. 70 million annually

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longi

QUETTA, July 2025: UNHCR, the UN Refugee Agency, and its private sector partner LONGi Green Energy Technology Co Ltd. have solarized the Bolan Medical Complex, which will save Rs. 70 million and reduce carbon emissions by 468 tonnes annually. This clean energy project marks a critical step toward sustainable healthcare benefitting both Afghan refugees and the Pakistani community in Balochistan. LONGi supplied its Hi-MO 9 modules featuring HPBC 2.0 technology for the project. The module delivers a power output of up to 670W with a conversion efficiency of up to…

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Ogra Cuts RLNG Prices for July Amid Lower Import Costs

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New-LNG

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has announced revised prices for re-gasified liquefied natural gas (RLNG), effective from July 1, 2025, reflecting a modest decline driven by lower Delivered Ex-Ship (DES) prices. According to the notification, both Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) will see reductions in RLNG prices for their transmission and distribution networks. For SNGPL, the transmission price has been reduced to \$10.8338 per million British thermal units (mmBtu), down by \$0.1816 or 1.65% from last month. The distribution price…

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Port Qasim Power Plant Seeks Finance Minister’s Intervention Over Rs87.5 Billion Dues

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Power-Plant

ISLAMABAD: Port Qasim Electric Power Company (PQEPC) has urged Finance Minister Muhammad Aurangzeb to intervene in clearing overdue payments amounting to Rs87.5 billion (approximately \$308.2 million) as of June 30, 2025, warning that delays now exceed six months and risk spiraling further. In a formal communication, PQEPC CEO Wang Min highlighted the growing dissatisfaction of Chinese and Qatari shareholders over the payment backlog and cautioned that the company reserves the legal right to suspend operations under Section 9.10 of the Power Purchase Agreement (PPA) without incurring any penalties. Wang noted…

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APTMA, Power Division Clash Over Industrial Cross-Subsidy Calculations

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New-APTMA

ISLAMABAD: A disagreement has emerged between the Power Division and the All Pakistan Textile Mills Association (APTMA) over the actual volume of cross-subsidies embedded in industrial electricity tariffs. APTMA claims that the burden is nearly double the amount reported by the government. While the Power Division recently announced a Rs174 billion cut in cross-subsidies, estimating Rs74 billion currently applied to industrial tariffs, APTMA disputes the figure. In a letter to Power Minister Sardar Awais Leghari, APTMA Secretary General Shahid Sattar argued that their analysis—based on NEPRA’s FY26 consumer-end tariff determinations—places…

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HUBCO Announces \$51 Million Investment Plan to Support Thar Coal Projects

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HUBCO-Project

KARACHI: Hub Power Company Limited (HUBCO), Pakistan’s largest Independent Power Producer (IPP), has unveiled plans to invest up to \$51 million (approximately Rs14.61 billion) in two of its key Thar-based coal power projects—Thar Energy Limited (TEL) and ThalNova Power Thar (Private) Limited (TN). In a notice submitted to the Pakistan Stock Exchange (PSX) on Wednesday, HUBCO revealed that its board has approved resolutions to extend Sponsor Support Contribution Letters of Credit (SSC LCs) for both projects to ensure smooth debt servicing and meet potential financial obligations. The company seeks shareholder…

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