Author: Admin

Commerce Ministry Proposes Sinotec-Ghani Glass JV for Solar Localization in Pakistan

Admin
solar-panel

In a bid to accelerate solar panel production in Pakistan, the Ministry of Commerce (MoC) has proposed a joint venture (JV) between Chinese firm Sinotec Solar (Pvt) Ltd and local company Ghani Glass. This initiative was put forth during a recent inter-ministerial meeting chaired by Rashid Mahmood Langrial, the Additional Secretary Incharge of the Ministry of Industries and Production. Langrial, a staunch advocate for consumer interests, emphasized the necessity to avoid high duties on finished solar panels to prevent price hikes for consumers. He underscored the importance of a balanced…

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WAPDA Unveils Hydel Museum at Tarbela Dam

Admin
New-Wapda

March 11, 2024: The Water and Power Development Authority (WAPDA) has unveiled the Hydel Museum at the Tarbela 4th Extension Hydel Power Station, showcasing vintage electro-mechanical equipment from various hydropower plants. This initiative aims to preserve and showcase the rich heritage of WAPDA’s hydel power stations. The museum features equipment and parts from hydropower plants such as Jabban, Warsak, Tarbela, Renala, Kurrum Garhi, and Chitral. Additionally, visitors can explore a model of the Jabban Hydel Power Station (1937) and a structural model of the iconic Tarbela Dam. The inauguration ceremony…

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Saudi Ministry Raises Concerns Over New Renewable Energy Pact

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Renewable-energy

ISLAMABAD: The Saudi Ministry of Energy has reportedly questioned the necessity of a new agreement for the development of renewable energy projects in light of an existing Memorandum of Understanding (MoU) with Pakistan. According to informed sources within the Ministry of Foreign Affairs (MoFA) speaking to Business Recorder, the Saudi authorities have raised doubts over the need for a new pact, citing the prior agreement signed during the visit of the Saudi Crown Prince to Islamabad in 2019. Sources revealed that Pakistan’s Mission in Riyadh forwarded a draft agreement to…

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PM Shehbaz Sharif Urges Investment in Energy Sector

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Shehbaz-Sharif

ISLAMABAD: Prime Minister Shehbaz Sharif emphasized the critical need for investment in Pakistan’s energy sector, particularly in the exploration and development of tight gas and undersea oil and gas reserves. During a review meeting on Monday, he directed authorities to facilitate both local and foreign investors in the discovery, refining, and distribution of oil and gas resources. The Prime Minister underscored the importance of ensuring uninterrupted electricity and gas supply, especially during the month of Ramazan. He also called for measures to curb gas losses through smart metering and to…

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Industry Leaders Urge Government Action as Gas Prices Soar, Threatening Business Survival

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gas-prices

KARACHI: Business leaders have strongly criticized the staggering 220% surge in gas tariffs over the past year, calling upon the newly-elected government and the Special Investment Facilitation Council (SIFC) to intervene. They emphasize the urgent need for research and development (R&D) efforts to explore alternative fuel sources for the local industry. Adil Siddiqui, President of the Hyderabad Chamber of Commerce and Industry, stressed the importance of government-backed R&D initiatives to identify viable alternative fuel options, especially considering the limitations of solar and wind energy projects in certain regions. He pointed…

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