Author: Admin

ECC okays Rs320bn for power firms

Admin
Finance-Minister

ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Wednesday approved payment of Rs320 billion to public sector power plants and K-Electric within a few days through supplementary grants and started phasing out export finance scheme to meet a condition of the International Monetary Fund (IMF). A meeting of the committee, presided over by caretaker Finance Minister Dr Shamshad Akhtar, also kept the minimum support price for wheat unchanged at Rs3,900 per 40kg and reprimanded the board of directors of Pakistan Steel Mills for mismanagement of huge assets of…

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Power generation hits 33-month low

Admin
power-sector

Reaches 7547GWh, declining 21% compared to month of October 2023 KARACHI: Power generation in Pakistan plummeted to a 33-month low, reaching 7,547 Gigawatt-hours (GWh) in November 2023. This decline was attributed partly to the onset of the winter season and, more significantly, to the overall economic slowdown in the country. The dip in power generation has intensified the burden of capacity payments on end-consumers. The cost of fuel in power generation surged by almost 20% to Rs7.17 per megawatt-hour (MW). Several factors contributed to this increase, including the closure of…

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Attock refinery resumes operations of two plants after OGRA intervention

Admin
oil-refinery

ISLAMABAD: Attock Refinery Limited (ARL) has restarted its two crude distillation plants that were shut earlier this month due to low demand for its products, its managing director said on Wednesday. The plants, which process local crude oil from the Khyber Pakhtunkhwa (KPK) and Potohar regions, were closed on Dec. 11 as the refinery faced a glut of petrol and diesel stocks amid reduced off-take by oil marketing companies (OMCs). “After intervention by OGRA (Oil and Gas Regulatory Authority), the off-taking by OMCs has improved and ARL management has made…

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Ginlong (Solis) Technologies: Pioneering Excellence in PV Inverter Brands with BNEF Tier 1 Recognition

Admin
New-Solis

In the vibrant city of Ningbo, China, Ginlong (Solis) Technologies, recognized as one of the foremost and largest inverter manufacturers globally, proudly declares its inclusion in the esteemed BloombergNEF Tier 1 PV Inverter Manufacturers list for the fourth quarter of 2023. This noteworthy acknowledgment signifies a momentous achievement for Solis, highlighting the company’s unwavering dedication to excellence, innovation, and a worldwide impact. The Tier 1 ranking stands as a testament to the company’s steadfast commitment to delivering technology characterized by unparalleled quality and reliability. This commitment is demonstrated through exceptional…

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Speakers for removing bottleneck in harnessing hydropower, RE potential in country

Admin
hydro-power

Speakers for removing bottleneck in harnessing hydropower, RE potential in country December 20, 2023 Islamabad: Speakers at 3rd International Hydropower Conference while terming the hydropower and renewable energy (RE) crucial for sustainable future of the country on Wednesday stressed the need to remove bottleneck in harnessing the hydropower and RE potential for provision of affordable electricity to the people and industry.The third International Hydropower conference themed “Hydropower: A Renewable Energy Source for a Sustainable Future” was organized by the Energy Update in collaboration with Private Power Infrastructure Board (PPIB) and…

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