Author: Admin

Sino-Pak Green Energy Cooperation Drives Sustainable Growth, Report Says

Admin
New-Solar

ISLAMABAD: Chinese solar solutions are increasingly powering Pakistan’s industrial and public sectors, helping stabilize electricity supply, lower operational costs, and support the country’s transition toward cleaner energy, according to a report by China Economic Net (CEN) on Friday. In Multan, a 300-kilowatt solar system at Laeeque Rafique Hospital provides a critical backup source, ensuring uninterrupted operation of essential medical equipment during grid disruptions. Hospital administrators said the system has strengthened energy security for patient care. At the Pak Rice Mill in Kamoke, a 400-kilowatt rooftop solar installation generates around 5.46…

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Pakistan Seeks World Bank Support to Refinance $36 Billion Energy Sector Debt

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World-Bank

ISLAMABAD: Pakistan has approached the World Bank for guidance on refinancing its $36 billion energy sector debt, which was incurred over the past decade to finance power projects. The government aims to replace expensive loans with cheaper, long-term multilateral financing to reduce electricity costs for consumers. According to sources, the proposal envisions a concessional debt facility with a 15-year repayment period, including a four-year grace period, to lower the heavy financial burden on the power sector. Officials indicated that refinancing could potentially cut power prices to 8–9 US cents per kWh…

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Aptma Warns PM of Power Tariff Fallout on Exports and Industrial Competitiveness

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APTMA-logo

ISLAMABAD: The All Pakistan Textile Mills Association (Aptma) has sounded a strong alarm over the ongoing electricity tariff rebasing exercise, warning Prime Minister Shehbaz Sharif that failure to correct current policies could cause lasting damage to industrial competitiveness, exports, and grid stability. In a formal letter dated January 6 to the prime minister’s adviser Dr Syed Tauqir Hussain Shah, Aptma Chairman Kamran Arshad said Pakistan’s industrial electricity tariffs are already among the highest in the region, forcing businesses toward shutdowns, relocation, or complete defection from the national grid. Aptma pointed…

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Trump Says U.S. Oil Firms Pledge $100 Billion to Venezuela’s Oil Sector

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refined-oil

WASHINGTON: U.S. President Donald Trump on Friday said the world’s largest oil companies have pledged to invest USD 100 billion to revive Venezuela’s struggling oil industry as he prepared to host senior energy executives at the White House. Trump wrote on his social media platform that “at least 100 Billion Dollars will be invested by BIG OIL,” ahead of a meeting aimed at securing support for his Venezuela plans. Trump’s remarks come in the wake of a U.S. military operation on January 3 that resulted in the capture of Venezuelan…

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Govt to Convert High-Loss Power Feeders to Solar Energy

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New-Solar1

The federal government has decided to shift electricity feeders suffering from heavy financial losses to solar power, as part of broader efforts to reform the power sector, reduce losses, and ensure reliable electricity supply in underserved areas. The decision was taken during a high-level meeting chaired by Prime Minister Shehbaz Sharif, which reviewed ongoing power sector reforms and strategies to improve electricity availability, particularly in remote and high-loss regions. The prime minister directed that loss-making feeders be converted to solar energy in coordination with provincial governments and local communities, noting…

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