Author: Admin

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Sunday commended the Pakistan Atomic Energy Commission (PAEC) for its significant contributions to the health sector, particularly in providing modern cancer treatment facilities, calling it “one of the greatest services to humanity.” Addressing the inaugural ceremony of the Kashmir Institute of Nuclear Medicine, Oncology and Radiotherapy (KINOR) in Muzaffarabad, Azad Jammu and Kashmir, the prime minister said the new facility would ease the suffering of patients who previously had to travel long distances to Islamabad and other major cities for treatment. He termed…

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the demand for energy storage in Pakistan continued to grow. Frequent power outages and an unstable grid have made reliable, efficient, and smart energy storage solutions increasingly essential for households and businesses. At the same time, with the growing adoption of solar PV systems and supportive renewable energy policies, energy storage has become a key solution for improving energy autonomy and stability.To meet these diverse market needs, we launched a range of innovative products designed to help Pakistani users achieve clean, efficient, and safe electricity usage.In the residential segment, we…

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KARACHI: K-Electric (KE) and Pak Suzuki Motor Company Ltd have signed an agreement for the construction of a dedicated 132kV grid station at Pak Suzuki’s manufacturing facility in Karachi to ensure a reliable and efficient power supply. According to KE, the new grid station will provide up to 20 megawatts (MW) of electricity, supporting Pak Suzuki’s expanding production requirements. The initiative underscores KE’s commitment to facilitating industrial growth by offering dependable and high-quality power solutions. The agreement also reflects growing confidence among industrial consumers in KE’s system reliability and cost…

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ISTANBUL: Turkiye’s Energy Minister Alparslan Bayraktar has said that Russia has provided new financing worth $9 billion for the Akkuyu nuclear power plant, which is being constructed by Russia’s state-owned nuclear energy company Rosatom. Ankara now expects the country’s first nuclear power plant to become operational in 2026. The $20 billion Akkuyu project, located in the Mediterranean province of Mersin, is being built under a 2010 bilateral agreement. Originally scheduled to start operations this year, the project has faced delays. Briefing local reporters in Istanbul, Bayraktar said the new financing…

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ISLAMABAD: In a significant shift in policy, the government is now considering offering only the Gujranwala Electric Power Company (GEPCO) for outright privatisation, while Islamabad Electric Supply Company (IESCO) and Faisalabad Electric Supply Company (FESCO) are likely to be offered under long-term concession agreements, well-informed sources told Business Recorder. The Privatisation Commission (PC) is finalising the transaction model for power distribution companies (DISCOs), with Letters of Intent (LoIs) expected to be issued in January 2026. Earlier, the government had planned to privatise GEPCO, IESCO and FESCO outright in the first…

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