Author: Admin

Seven IPPs Seek Tariff Reduction Under Hybrid Take-and-Pay Model

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IPPs

ISLAMABAD:* The National Electric Power Regulatory Authority (Nepra) has admitted a joint tariff reduction application filed by seven Independent Power Producers (IPPs) under the *Power Generation Policy 2002, in collaboration with the **Central Power Purchasing Agency-Guaranteed (CPPA-G). The proposal aligns with agreements made with the *Government’s Task Force on Power Sector Reforms. The seven IPPs seeking tariff adjustments include: The *Task Force, headed by **Federal Minister for Power Sardar Awais Khan Leghari, also includes **SAPM on Power Muhammad Ali, National Coordinator Lt General Muhammad Zafar Iqbal, Chairman Nepra, CEO CPPA-G,…

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PQEPC Warns of Plant Shutdown Over Rs 93.5 Billion Payment Delay

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New-PQEPC

ISLAMABAD:* Port Qasim Electric Power Company (PQEPC) has warned the government of a potential suspension of plant operations due to prolonged payment delays, stating that it could halt production without incurring liquidated damages (LDs) under its Power Purchase Agreement (PPA). The *1320 MW coal-fired plant, a key China-Pakistan Economic Corridor (CPEC) energy project, is among several Chinese-backed power plants facing severe financial strain. Total outstanding receivables for CPEC coal plants *exceed Rs 300 billion (over *$1 billion), hampering dividend payments to shareholders and stalling approvals for *new loans and insurance…

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Pakistan Eyes $8 Trillion Mineral Wealth, Plans Investor Conference

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New-Project51

ISLAMABAD:* The government is ramping up efforts to unlock Pakistan’s vast mineral reserves—now estimated at $8 trillion—by attracting local and foreign investment. To showcase these opportunities, a high-profile mineral conference is planned for next month. At a recent federal cabinet briefing, officials highlighted the significant growth in estimated mineral wealth, up from the previous $6 trillion assessment. Currently, the mineral sector contributes 1% to GDP and employs 300,000 workers. The cabinet was also informed about major mineral deposits and ongoing extraction projects, particularly in Balochistan. Among the key initiatives is…

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Solis Marks 20 Years of Excellence with Bloomberg NEF Tier 1 Recognition

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New-Solis1

Ginlong (Solis) Technologies, a global leader in solar inverter manufacturing, proudly celebrates its 20th anniversary with a prestigious Bloomberg NEF Tier 1 ranking for Q1 2025. This recognition reaffirms Solis’ commitment to innovation, reliability, and sustainability in the renewable energy sector. The BloombergNEF Tier 1 designation is awarded to manufacturers demonstrating financial stability, consistent product performance, and a proven track record in large-scale solar projects. This milestone further solidifies Solis’ leadership in Pakistan’s solar industry, offering high-efficiency solutions to meet the nation’s growing energy demands. “Achieving Tier 1 recognition in…

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Oil price cut to consumers: Govt urged to pass on benefit

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oil price

KARACHI: The world oil prices witnessed a big cut but our rulers didn’t pass on its benefit to the Pakistani masses, which is highly regretful, said Pasban Democratic Party (PDP) Chairman Altaf Shakoor here Sunday. He said when the world oil prices rise, the local oil prices are increased immediately by the government, but when these prices come down, the rulers instead of passing on their benefit to people decide to keep them unchanged. He said this is a great economic exploitation of our masses by their own government. He…

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