Day: February 24, 2026

US to Announce Preliminary Tariff Decision on Solar Imports from India, Indonesia and Laos

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New-Solar1

WASHINGTON: The U.S. Department of Commerce is set to issue a preliminary ruling on Monday on whether to impose countervailing (anti-subsidy) duties on solar cells and panels imported from India, Indonesia and Laos. The decision marks the first of two key determinations in an ongoing trade case filed by a coalition representing part of the domestic U.S. solar manufacturing industry. A final ruling is expected later this year. The Commerce Department’s countervailing duty decision will assess whether companies operating in the three countries benefited from unfair government subsidies that allegedly…

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ACWA Power Signs Agreements to Develop 5GW Renewable Energy Program in Türkiye

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New-Project70

JEDDAH: Saudi energy giant ACWA Power has signed key investment and implementation agreements with the Ministry of Energy and Natural Resources to develop up to 5 gigawatts (GW) of renewable energy capacity in Türkiye. The program will initially roll out 2GW of solar power capacity through two large-scale plants to be constructed in Sivas and Taşeli. Under the agreement, ACWA Power will develop, finance, construct, commission and operate both facilities. The initiative builds on the company’s existing footprint in Türkiye, including the 927-megawatt Kırıkkale Independent Power Plant, a $930 million…

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PM Shehbaz Sharif Visits Qatar to Boost Trade, Investment and Energy Cooperation

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Shehbaz-Sharif

ISLAMABAD: Prime Minister Shehbaz Sharif arrived in Qatar on Monday for a two-day official visit aimed at expanding bilateral cooperation in trade, investment, energy and manpower export, according to statements from the Prime Minister’s Office and Pakistan’s Foreign Ministry. The visit is being undertaken at the invitation of the Emir of Qatar, Sheikh Tamim bin Hamad Al-Thani. The prime minister is accompanied by Deputy Prime Minister and Foreign Minister Ishaq Dar, along with other cabinet members and senior officials. Upon arrival at King Hamad International Airport, the prime minister was…

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Saudi-Backed Wafi Energy Partners with MG to Launch Advanced Motor Oil Range in Pakistan

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New-Wafi

ISLAMABAD: MG JW Automobile Pakistan Pvt. Ltd. has signed a memorandum of understanding (MoU) with Wafi Energy Pakistan Limited, a subsidiary of Wafi Energy Holding, to introduce a new range of MG-branded motor oils in Pakistan. The collaboration marks another milestone in the expansion of Saudi private sector investment in Pakistan’s downstream energy and automotive servicing sectors, following Wafi Energy’s acquisition of Shell Pakistan Limited last year. Under the agreement, Advanced Synthetic Technology motor oils — 0W-20 SP C5 and 5W-30 SP C3 — will be introduced to cater to…

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Nepra Calls for Urgent Completion of Key NGC Projects to Strengthen Transmission Network

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New-Nepra

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has urged immediate completion of critical projects under the National Grid Company (NGC), warning that persistent delays are undermining the reliability and cost-effectiveness of Pakistan’s power transmission system. In its Performance Evaluation Report of the Transmission Sector for FY2024–25 (ending June 30, 2025), the regulator highlighted serious structural weaknesses in the national transmission network, maintained by both government entities and K-Electric (KE). Rs80 Billion Worth of Electricity Not Transmitted Nepra revealed that electricity worth approximately Rs80 billion — around 2.8 billion units…

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