Author: Admin

Senate Panel Criticizes Government for Worsening Gas Crisis

Admin
solar-panel

ISLAMABAD: A Senate committee meeting on Thursday saw sharp criticism of the government over the ongoing gas crisis, citing poor coordination and mismanagement as key factors behind an oversupply in some areas and shortages for consumers elsewhere. The Senate Standing Committee on Petroleum, led by Senator Umar Farooq, expressed frustration over delays in addressing critical issues, including the vacant position of Director General for Petroleum Concessions (DGPC). The committee decided to reconvene with the petroleum minister present to ensure accountability. During the meeting, Additional Secretary Petroleum, Momin Agha, revealed that…

Read More

Trina Solar Achieves 27.08% Efficiency Milestone with Advanced HJT Solar Cell

Admin
solar-pannel

Trina Solar has set a new global benchmark by achieving 27.08% efficiency for its n-type fully passivated heterojunction (HJT) solar cell, verified by the Institute for Solar Energy Research in Hamelin (ISFH). The breakthrough leverages Trina Solar’s advanced thin-film passivation technology, featuring 210mm×105mm half-cut, phosphorus-doped n-type silicon wafers crafted using the Czochralski process. Enhanced rear-side passivation, optimized multi-frequency RF doping for microcrystalline systems, and ultra-fine line printing technologies contributed to this remarkable advancement in optical and electrical efficiency. “This achievement underscores our commitment to innovation in passivated contact cells and…

Read More

OMCs Seek PM’s Urgent Intervention to Avert Industry Collapse

Admin
PETROLEUM

LAHORE: The Oil Marketing Association of Pakistan (OMAP) has appealed to Prime Minister Shehbaz Sharif to urgently address critical challenges threatening the petroleum sector’s stability and survival. In a letter to the PM, OMAP Chairman Tariq Wazir emphasized the dire state of the industry, citing prolonged inaction on key issues. He warned that the neglect of oil marketing companies (OMCs), especially emerging players, jeopardizes competition, innovation, and energy security. “The petroleum sector is the backbone of Pakistan’s economy, and its collapse would have catastrophic consequences for energy security and economic…

Read More

Dar-led Committee to Devise Strategy for Power Tariff Reduction

Admin
electricty

ISLAMABAD: Prime Minister Shehbaz Sharif has established a seven-member committee, headed by Deputy Prime Minister Senator Ishaq Dar, to develop a strategy for reducing power tariffs by lowering taxes in alignment with discussions held with the International Monetary Fund (IMF). The committee comprises Economic Affairs Minister Ahad Khan Cheema, Finance Minister Senator Muhammad Aurangzeb, Power Minister Awais Leghari, Secretary Power Dr. Muhammad Fakhr e Alam Irfan, Secretary Petroleum Momin Agha, and Chairman FBR Rashid Langrial. Key considerations include reducing taxes from January to June 2025, which could result in an…

Read More

Revised Deals with Bagasse-Based IPPs to Save Rs238 Billion

Admin
IPPs

ISLAMABAD: The federal cabinet has approved revised agreements with eight bagasse-based Independent Power Producers (IPPs), a move expected to save Rs238 billion over their operational lifespan. Under the new terms, the IPPs will reduce the working capital tariff component by 50% and adjust the return on equity (ROE) and return on equity during construction (ROEDC) to 17% annually, calculated at a rupee-dollar exchange rate of 168, with no future dollar indexation. These changes will take effect from October 31, 2024. To address energy shortfalls, the agreements stipulate that debt servicing…

Read More